One-Bedroom Residential Income
For Sale
$154,000
6655 MCCALLUM STREET Unit 202, Philadelphia, PA 19119
Spacious unit with a full kitchen, walk-in pantry, storage locker, and deeded parking.
Property Size790 SF
Days on Market57
Property Features for 6655 MCCALLUM STREET Unit 202
General Information
Standard status
Active
Size
790 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,901
Amenities
storage locker
Building Details
Building Size
790 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
Nancy Houston · License #RS302475
(215) 990-1161
Source:
Lizclarkrealestate
Added: Jul 15
Changed: Sep 8
Last Checked: Sep 8 at 9:57AM
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 KW Empower
Investment Insights
Based on property information with market context.
This one-bedroom residential income property is located in Malvern Hall and offers a spacious interior with room for furniture and entertaining. The full kitchen includes a walk-in pantry and overlooks a garden-like setting. A separate storage locker and deeded parking are included with the unit.
The property is in West Mount Airy, near shops, restaurants, and nature trails in the Wissahickon Valley. Upsal train station is also nearby, providing access for travel into town. Built in 1900, the property combines established construction with a peaceful setting and convenient neighborhood access.
The property is in West Mount Airy, near shops, restaurants, and nature trails in the Wissahickon Valley. Upsal train station is also nearby, providing access for travel into town. Built in 1900, the property combines established construction with a peaceful setting and convenient neighborhood access.
Key Highlights
- One‑bedroom unit in Malvern Hall
- Full kitchen with walk‑in pantry and garden view
- Deeded parking included
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
$12,426
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
8.07%
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%
$248,520
$248.5K
Cap Rate 7%
$177,514
$177.5K
Cap Rate 9%
$138,067
$138.1K
Market Conditions
NOI Build-Up for 790 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
$24.0K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.6K $28.60/SF
− OpEx
−$10.2K −$12.87/SF
NOI
$12.4K $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%
$248,520
Cap Rate 7%
$177,514
Cap Rate 9%
$138,067
Alternative Uses
Best Use
Apartment 5plus
$177.5K
$155.3K – $207.1K
NOI $12,426 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$192.6K
$168.5K – $224.7K
NOI $13,481 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Spacious unit with a full kitchen, walk-in pantry, storage locker, and deeded parking.
Where is this residential income property located?
The property is located at 6655 MCCALLUM STREET Unit 202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $154,000.
What are key features of this property?
This property features: One‑bedroom unit in Malvern Hall; Full kitchen with walk‑in pantry and garden view; Deeded parking included
