Mixed-Use CMX Property with Daycare
6411 VINE STREET Philadelphia, PA 19139
New
For Sale
$499,900
Four efficiency apartments plus renovated vacant commercial space formerly a daycare; near transit with street and rear garage parking.
Property Size2,100 SF
Price / SF$238.05
Days on Market4
Property Features for 6411 VINE STREET
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1915
Listing Agency:
Brokers Realty Group, LLC
(267) 804-0086
Listed By:
Shakita M. Boswell · License #RS-0036462
(267) 804-0086
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brokers Realty Group, LLC
Investment Insights
Based on property information with market context.
Mixed-use property at 6411 Vine Street offering four efficiency apartments and a fully renovated commercial space that was formerly operated as a daycare. Three of the four apartment units are currently leased, while one efficiency unit is vacant. The commercial space is vacant and ready for a new owner or tenant, following the recent updates.
The property is zoned CMX, which the remarks state allows for a variety of commercial uses; buyer to verify intended use. Off-street parking is provided via a two-car garage in the rear, and the property also has ample street parking. Convenient access is described as being near public transportation, shopping, schools, and major roadways.
Current gross annual income is reported from the three occupied units ($33,600/year). The remarks also include estimated income potential once fully leased for the four efficiency units, along with estimated commercial rent.
The property is zoned CMX, which the remarks state allows for a variety of commercial uses; buyer to verify intended use. Off-street parking is provided via a two-car garage in the rear, and the property also has ample street parking. Convenient access is described as being near public transportation, shopping, schools, and major roadways.
Current gross annual income is reported from the three occupied units ($33,600/year). The remarks also include estimated income potential once fully leased for the four efficiency units, along with estimated commercial rent.
Key Highlights
- Year built 1915 CMX mixed‑use property with four efficiency apartments and a commercial space formerly used as a daycare
- Four efficiency units: 3 currently leased and 1 vacant, supporting immediate rental income with the remaining unit ready to lease
- Commercial space is fully renovated and currently vacant for the next owner or tenant
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.2k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $51.2k | $24.38 |
| − OpEx | −$15.4k | −$7.31 |
| NOI | $35.8k | $17.06 |
2,100 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,032 @ 7.0% cap · market cap 6.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four efficiency apartments plus renovated vacant commercial space formerly a daycare; near transit with street and rear garage parking.
Where is this quadplex located?
The property is located at 6411 VINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Year built 1915 CMX mixed‑use property with four efficiency apartments and a commercial space formerly used as a daycare; Four efficiency units: 3 currently leased and 1 vacant, supporting immediate rental income with the remaining unit ready to lease; Commercial space is fully renovated and currently vacant for the next owner or tenant
