Upgraded 3-Unit
For Sale
$339,900
6907 N Broad St, Philadelphia, PA 19126
Occupied multifamily property with transit access and varied unit layouts across three levels.
Property Size1,480 SF
Price / SF$229.66
Days on Market52
Property Features for 6907 N Broad St
General Information
Standard status
Active
Size
1,480 SF
Property subtype
Multi-Family
Zoning
RSA5/Duplex
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1925
Listing Agency:
Leverage Real Estate
Listed By:
Debra D Bennett · License #RM422511
(267) 331-4963
Source:
Upgradebymichaud
Added: Aug 24
Changed: Sep 30
Last Checked: Oct 12 at 11:01PM
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 Leverage Real Estate
Investment Insights
Based on property information with market context.
Located at 6907 N Broad St in Philadelphia, this occupied triplex contains three residential units across the first floor, second floor, and lower level. The first- and second-floor apartments each have two bedrooms, while the lower-level apartment has one bedroom.
Recent improvements include LVP flooring and updated kitchen appliances on the first floor, along with updated kitchen and bathroom finishes on the second floor. The lower level includes a new bathroom with a walk-in shower. The property is zoned RSA5/Duplex while currently configured with three units, and the existing apartments are generating positive income. Public transportation is conveniently accessible, and showings are available with proper notice.
Recent improvements include LVP flooring and updated kitchen appliances on the first floor, along with updated kitchen and bathroom finishes on the second floor. The lower level includes a new bathroom with a walk-in shower. The property is zoned RSA5/Duplex while currently configured with three units, and the existing apartments are generating positive income. Public transportation is conveniently accessible, and showings are available with proper notice.
Key Highlights
- 3‑unit multifamily property with two 2‑bedroom units and one 1‑bedroom unit
- Occupied property generating positive income
- First‑floor LVP flooring and updated kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,256
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,120
$505.1K
Cap Rate 7%
$360,800
$360.8K
Cap Rate 9%
$280,622
$280.6K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$38.2K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.1K $24.38/SF
− OpEx
−$10.8K −$7.31/SF
NOI
$25.3K $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%
$505,120
Cap Rate 7%
$360,800
Cap Rate 9%
$280,622
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $420.9K
NOI $25,256 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,280 @ 7.0% cap · market cap 6.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 19126, PA
16,159
Population
7,490
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
13,466
Density / Sq Mi
$52,847
Median Household Income
$40,610
Median Earnings
$1,116
Median Rent
$214,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Occupied multifamily property with transit access and varied unit layouts across three levels.
Where is this triplex located?
The property is located at 6907 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3‑unit multifamily property with two 2‑bedroom units and one 1‑bedroom unit; Occupied property generating positive income; First‑floor LVP flooring and updated kitchen appliances
