Multi-Unit Apartment
For Sale
$1,000,000
6933 DITMAN STREET, Philadelphia, PA 19135
Fully occupied multi-unit property with separate utilities, updated interiors, a shared rear courtyard, and outdoor pool access.
Property Size4,862 SF
Price / SF$205.68
Days on Market101
Property Features for 6933 DITMAN STREET
General Information
Standard status
Active
Size
4,862 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Jillian F Gonzalez · License #RS300288
(215) 760-9505
Source:
Cummingsrealtors
Added: May 28
Changed: Sep 4
Last Checked: Sep 5 at 6:32AM
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 multi-unit apartment building offers a mix of unit sizes with strong current occupancy. The property includes five fully occupied units plus a sixth potential lower-level 1-bedroom unit with a private entrance, bedroom, bath, and living area. Interiors are updated throughout, with hardwood flooring in most units and tile in baths and hallways. The exterior features all-stone and brick construction, and tenants share a rear courtyard. Outdoor amenities include access to an above-ground pool and outdoor space, with the owner replacing the pool liner.
The ranch-style 3-bedroom unit has a newly built eat-in kitchen with granite countertops and stainless steel appliances, along with an upgraded bath featuring a large walk-in glass shower. The attached 3-story building includes a fully renovated first-floor rear unit with high ceilings, a new kitchen and bath, a family room, and a private front porch, plus three additional 1-bedroom units with full baths; the third-floor unit is the only one with central air and has its own heating system.
The ranch-style 3-bedroom unit has a newly built eat-in kitchen with granite countertops and stainless steel appliances, along with an upgraded bath featuring a large walk-in glass shower. The attached 3-story building includes a fully renovated first-floor rear unit with high ceilings, a new kitchen and bath, a family room, and a private front porch, plus three additional 1-bedroom units with full baths; the third-floor unit is the only one with central air and has its own heating system.
Key Highlights
- Nearly 5,000 SF multi‑family with 5 fully occupied units plus a potential 6th unit in the lower level.
- Unit mix includes one 3‑bedroom unit and four 1‑bedroom units, plus an additional 1‑bedroom lower‑level unit with private entrance.
- All units have separate utilities for simplified management and reduced owner expenses.
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
$76,477
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
7.65%
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%
$1,529,540
$1.5M
Cap Rate 7%
$1,092,529
$1.1M
Cap Rate 9%
$849,744
$849.7K
Market Conditions
NOI Build-Up for 4,862 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
$147.6K $30.36/SF
− Vacancy
−$8.6K −$1.76/SF
EGI
$139.0K $28.60/SF
− OpEx
−$62.6K −$12.87/SF
NOI
$76.5K $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%
$1,529,540
Cap Rate 7%
$1,092,529
Cap Rate 9%
$849,744
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multi-unit property with separate utilities, updated interiors, a shared rear courtyard, and outdoor pool access.
Where is this apartment building located?
The property is located at 6933 DITMAN STREET 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 SF multi‑family with 5 fully occupied units plus a potential 6th unit in the lower level.; Unit mix includes one 3‑bedroom unit and four 1‑bedroom units, plus an additional 1‑bedroom lower‑level unit with private entrance.; All units have separate utilities for simplified management and reduced owner expenses.
