Six-Unit Apartment
New
For Sale
$1,000,000
6933-00 DITMAN ST, Philadelphia, PA 19135
Two connected buildings combine varied apartment layouts with separate utilities and shared outdoor areas.
Property Size5,000 SF
Price / SF$200
Days on Market5
Property Features for 6933-00 DITMAN ST
General Information
Standard status
Active
Size
5,000 SF
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR, 5 x 1BR
Multifamily Units
6
Amenities
shared rear courtyard
above-ground pool
Building Details
Buildings
2
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Jillian F Gonzalez · License #RS300288
(215) 760-9505
Source:
Keygroupmd
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 1 at 11:07AM
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 Access
Investment Insights
Based on property information with market context.
This Philadelphia apartment property spans nearly 5,000 square feet across a ranch-style residence and an attached three-story building. The unit mix includes one three-bedroom apartment and five one-bedroom layouts, including a lower-level apartment with a private entrance, bedroom, bathroom, and living area. Five units are occupied; the lower-level unit is presented as an additional rental possibility. Separate utilities serve the apartments, and most units have hardwood floors. The buildings have updated interiors, while the shared rear courtyard and above-ground pool provide outdoor space. The pool liner is being replaced.
The three-bedroom apartment has an eat-in kitchen with granite counters and stainless steel appliances, an upgraded bathroom with a glass shower, and sliding doors to the backyard. In the attached building, a first-floor rear apartment has high ceilings, a renovated kitchen and bathroom, a family room, and a private front porch. The third-floor apartment has its own heating system and is the only unit with central air. The property is in Philadelphia’s Tacony section, near shopping, public transportation, and major roads.
The three-bedroom apartment has an eat-in kitchen with granite counters and stainless steel appliances, an upgraded bathroom with a glass shower, and sliding doors to the backyard. In the attached building, a first-floor rear apartment has high ceilings, a renovated kitchen and bathroom, a family room, and a private front porch. The third-floor apartment has its own heating system and is the only unit with central air. The property is in Philadelphia’s Tacony section, near shopping, public transportation, and major roads.
Key Highlights
- Nearly 5,000 square feet across two connected buildings
- Unit mix includes one 3‑bedroom apartment and five 1‑bedroom apartments
- Five units are occupied; a lower‑level 1‑bedroom apartment is presented as a potential additional unit
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
$78,648
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
7.86%
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%
$1,572,960
$1.6M
Cap Rate 7%
$1,123,543
$1.1M
Cap Rate 9%
$873,867
$873.9K
Market Conditions
NOI Build-Up for 5,000 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
$151.8K $30.36/SF
− Vacancy
−$8.8K −$1.76/SF
EGI
$143.0K $28.60/SF
− OpEx
−$64.3K −$12.87/SF
NOI
$78.6K $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%
$1,572,960
Cap Rate 7%
$1,123,543
Cap Rate 9%
$873,867
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
Explore this area
Business Placement
Demographics for 19135, PA
35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two connected buildings combine varied apartment layouts with separate utilities and shared outdoor areas.
Where is this apartment building located?
The property is located at 6933-00 DITMAN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Nearly 5,000 square feet across two connected buildings; Unit mix includes one 3‑bedroom apartment and five 1‑bedroom apartments; Five units are occupied; a lower‑level 1‑bedroom apartment is presented as a potential additional unit
