Leased Duplex with Separate
For Sale
$224,900
6625 LANSDOWNE Avenue, Philadelphia, PA 19151
Multi-Family, PHILADELPHIA, PA
Property Size1,290 SF
Lot Size0.03 Acres
Price / SF$174.34
Days on Market113
Property Features for 6625 LANSDOWNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
OVERBROOK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,290 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2694
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1910
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
James William Kennedy IV · License #RS369076
(215) 267-8479
Added: May 15
Changed: Aug 19
Last Checked: Sep 4 at 7:06PM
MLS# PAPH2622758
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6625 Lansdowne Avenue in Philadelphia, this 1,290-square-foot duplex contains two separately configured apartments. The first unit has 1 bedroom and 1 bathroom, while the second provides 2 bedrooms and 1 bathroom. Both residences use luxury vinyl plank flooring throughout, with tile in the bathrooms. Masonry construction, hot-water heating, and on-street parking are also part of the property’s physical profile.
Each apartment is leased under a separate agreement. The 1-bedroom unit has a lease running through September 2026, and the 2-bedroom unit is committed through May 31, 2027. Built in 1910 on a 0.0347-acre lot, the property offers an established duplex configuration with staggered lease expirations and differentiated unit layouts.
Each apartment is leased under a separate agreement. The 1-bedroom unit has a lease running through September 2026, and the 2-bedroom unit is committed through May 31, 2027. Built in 1910 on a 0.0347-acre lot, the property offers an established duplex configuration with staggered lease expirations and differentiated unit layouts.
Key Highlights
- Two separately configured apartments with 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom layouts
- 1,290 square feet on a 0.0347‑acre lot
- Lease term for the 1‑bedroom unit extends through September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,820
$405.8K
Cap Rate 7%
$289,871
$289.9K
Cap Rate 9%
$225,456
$225.5K
Market Conditions
NOI Build-Up for 1,290 SF
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.
Gross rent
$39.2K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$36.9K $28.60/SF
− OpEx
−$16.6K −$12.87/SF
NOI
$20.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$405,820
Cap Rate 7%
$289,871
Cap Rate 9%
$225,456
Alternative Uses
Best Use
Multifamily LT 5
$314.5K
$275.2K – $366.9K
NOI $22,014 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$289.9K
$253.6K – $338.2K
NOI $20,291 @ 7.0% cap · market cap 9.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct layouts with durable flooring and active lease terms extending into 2026 and 2027.
Where is this duplex located?
The property is located at 6625 LANSDOWNE Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two separately configured apartments with 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom layouts; 1,290 square feet on a 0.0347‑acre lot; Lease term for the 1‑bedroom unit extends through September 2026
