Updated Duplex with Two
6616 Leeds Street Philadelphia, PA 19151
For Sale
$225,000
Well maintained duplex featuring two one-bedroom apartments, each ready for occupancy.
Property Size1,266 SF
Price / SF$177.73
Days on Market172
Property Features for 6616 Leeds Street
General Information
- Standard status
- Active
- Size
- 1,266 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing Agency:
Chapel Realty Sales
(267) 246-4856
Listed By:
Stacey L Alston · License #RS222634L
(267) 246-4856
Source:
Compass
Added: Feb 2
Changed: Jul 22
Last Checked: Jul 23 at 7:10AM
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 Chapel Realty Sales
Investment Insights
Based on property information with market context.
This well maintained and updated duplex offers two one-bedroom apartments, both ready for occupancy. The first-floor unit features spacious rooms, access to the basement for storage, and a private large rear yard for outdoor use. The second-floor unit also has very spacious rooms and is described as bright and cozy.
The property is located near public transportation, with a bus stop less than 1 mile and a commuter rail station within 1 to 5 miles. It is also listed as less than 10 miles from the airport and close to schools, a park and recreation, and New Cobb's Creek Golf Course.
The duplex configuration includes two separate residential units and shared structure with basement storage access for the first-floor unit.
The property is located near public transportation, with a bus stop less than 1 mile and a commuter rail station within 1 to 5 miles. It is also listed as less than 10 miles from the airport and close to schools, a park and recreation, and New Cobb's Creek Golf Course.
The duplex configuration includes two separate residential units and shared structure with basement storage access for the first-floor unit.
Key Highlights
- Duplex built in 1910 with two one‑bedroom apartments
- Both units are ready for occupancy
- First‑floor unit includes basement access for storage
Financial Insights For Apartment 5plus
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 | $38.4k | $30.36 |
| − Vacancy | −$2.2k | −$1.76 |
| EGI | $36.2k | $28.60 |
| − OpEx | −$16.3k | −$12.87 |
| NOI | $19.9k | $15.73 |
1,266 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.1K – $360.1K
NOI $21,604 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$284.5K
$248.9K – $331.9K
NOI $19,914 @ 7.0% cap · market cap 8.85%
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
Duplexes
FAQs
What type of property is this?
Duplex - Well maintained duplex featuring two one-bedroom apartments, each ready for occupancy.
Where is this duplex located?
The property is located at 6616 Leeds Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Duplex built in 1910 with two one‑bedroom apartments; Both units are ready for occupancy; First‑floor unit includes basement access for storage
