Duplex with Kitchen
For Sale
$375,000
6921 Sylvester St, Philadelphia, PA 19149
The two-unit property is currently rented in full.
Property Size1,716 SF
Price / SF$218.53
Days on Market30
Property Features for 6921 Sylvester St
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northeast Philadelphia
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1950
Buildings
1
Listing Agency:
RE/MAX 2000
Listed By:
Simone Silva · License #RS358091
(215) 768-0392
Source:
Baltimoreharfordhomesforsale
Added: Oct 2
Changed: Oct 26
Last Checked: Oct 30 at 2:15PM
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
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Investment Insights
Based on property information with market context.
This 1,716-square-foot duplex was built in 1950 and has updated kitchen cabinetry. Both residences are rented, providing an occupied two-unit configuration.
Key Highlights
- Both units are rented
- 1,716 square feet
- 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.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property is currently rented in full.
Where is this duplex located?
The property is located at 6921 Sylvester St 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 rented; 1,716 square feet; Built in 1950
