Two-Unit
For Sale
$375,000
6921 SYLVESTER STREET, Philadelphia, PA 19149
Both residences are occupied, with updated kitchen cabinetry in the building.
Property Size1,716 SF
Days on Market83
Property Features for 6921 SYLVESTER STREET
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,535
Building Details
Building Size
1,716 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
RE/MAX 2000
Listed By:
Simone Silva · License #RS358091
(215) 768-0392
Source:
Lizclarkrealestate
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 10 at 1:10AM
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 RE/MAX 2000
Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two residential units, both currently rented. Updated kitchen cabinetry is among the documented interior improvements.
Key Highlights
- Both units are currently rented
- Kitchen cabinetry has been updated
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,436
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,720
$488.7K
Cap Rate 7%
$349,086
$349.1K
Cap Rate 9%
$271,511
$271.5K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$36.0K $21.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$34.9K $20.34/SF
− OpEx
−$10.5K −$6.10/SF
NOI
$24.4K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,720
Cap Rate 7%
$349,086
Cap Rate 9%
$271,511
Alternative Uses
Best Use
Apartment 5plus
$3.29M
$2.87M – $3.83M
NOI $229,989 @ 7.0% cap · market cap 61.33%
Second Best
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,436 @ 7.0% cap · market cap 6.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Both residences are occupied, with updated kitchen cabinetry in the building.
Where is this duplex located?
The property is located at 6921 SYLVESTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Both units are currently rented; Kitchen cabinetry has been updated; Built in 1950
