Multi-Unit Apartment
6933 DITMAN STREET Philadelphia, PA 19135
6933 DITMAN STREET, Philadelphia, PA, 19135
$1,000,000
For Sale
$1,000,000
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 Market8
Property Features for 6933 DITMAN STREET
General Information
- Standard status
- Active
- Size
- 4,862 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX Access
(215) 760-9505
Listed by
Jillian F Gonzalez · License #RS300288
(215) 760-9505
Source
Cummingsrealtors
Added: Jul 14 Updated: Jul 20 at 2:40 am Checked: Jul 20 at 2:40 am
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $30.36 |
| − Vacancy | −$8.6k | −$1.76 |
| EGI | $139.0k | $28.60 |
| − OpEx | −$62.6k | −$12.87 |
| NOI | $76.5k | $15.73 |
4,862 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bonofide Consulting Inc
Business To Business Service
Similar For Sale Nearby
FAQs
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.
