Renovated 3-Unit
For Sale
$475,000
6900 CEDAR PARK AVENUE, Philadelphia, PA 19138
All three residences have in-unit laundry and matching three-bedroom, one-bathroom layouts.
Property Size2,315 SF
Price / SF$205.18
Days on Market14
Property Features for 6900 CEDAR PARK AVENUE
General Information
Standard status
Active
Size
2,315 SF
Property subtype
Triplex
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Amenities
washer and dryer
Building Details
Year Built
1920
Listing Agency:
Opulent Realty Group LLC
(610) 206-3955
Listed By:
Zakiya L Eleby · License #RS326631
(267) 671-8123
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 20 at 10:13PM
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 Opulent Realty Group LLC
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Investment Insights
Based on property information with market context.
This Philadelphia triplex contains three renovated residences, each arranged with three bedrooms and one full bathroom. Every unit has its own washer and dryer. The building dates to 1920.
The property is located at 6900 Cedar Park Avenue in Philadelphia.
The property is located at 6900 Cedar Park Avenue in Philadelphia.
Key Highlights
- Three units, each with 3 bedrooms and 1 full bathroom
- Separate washer and dryer in every unit
- Renovated interiors across all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,505
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,100
$790.1K
Cap Rate 7%
$564,357
$564.4K
Cap Rate 9%
$438,944
$438.9K
Market Conditions
NOI Build-Up for 2,315 SF
Gross rent
$59.7K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$56.4K $24.38/SF
− OpEx
−$16.9K −$7.31/SF
NOI
$39.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,100
Cap Rate 7%
$564,357
Cap Rate 9%
$438,944
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.8K – $658.4K
NOI $39,505 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 7.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
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Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have in-unit laundry and matching three-bedroom, one-bathroom layouts.
Where is this triplex located?
The property is located at 6900 CEDAR PARK AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 1 full bathroom; Separate washer and dryer in every unit; Renovated interiors across all three residences
