Multifamily Property with Six
For Sale
$1,000,000
693300 Ditman Street, Philadelphia, PA 19135
Updated apartment property with separate utilities, shared outdoor space, and a lower-level unit configured for possible expansion.
Property Size5,000 SF
Price / SF$200
Days on Market37
Property Features for 693300 Ditman Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Lease Term
[]
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
Year Built
1900
Buildings
2
Construction
stone and brick
Tenancy
Multi
Listing Agency:
RE/MAX Access
(215) 760-9505
Listed By:
Jillian F Gonzalez · License #RS300288
Source:
Deepcreeklake
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 4 at 9:51AM
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 apartment property comprises two buildings totaling nearly 5,000 square feet, with five occupied apartments and a lower-level space configured as a potential sixth unit. The unit mix includes one three-bedroom apartment and four one-bedroom apartments, while the lower level has a private entrance, bedroom, bath, and living area. Separate utilities serve the units. Interior features include hardwood flooring in most apartments, tile in bathrooms and hallways, and generally updated layouts. One ranch-style apartment has a remodeled eat-in kitchen with granite counters and stainless steel appliances, an upgraded bath, and backyard access. The attached three-story building includes a renovated first-floor rear apartment with high ceilings, a new kitchen and bath, family room, and private front porch, along with three additional one-bedroom apartments. The third-floor unit has its own heating system and is the only apartment with central air.
Outdoor amenities include a shared rear courtyard, above-ground pool, and additional exterior space. The property is in Philadelphia’s Tacony section near shopping, public transportation, and major roadways. The pool liner is being replaced by the owner.
Outdoor amenities include a shared rear courtyard, above-ground pool, and additional exterior space. The property is in Philadelphia’s Tacony section near shopping, public transportation, and major roadways. The pool liner is being replaced by the owner.
Key Highlights
- Nearly 5,000 square feet across two buildings
- Five fully occupied units plus a lower‑level sixth‑unit configuration
- Unit mix includes one 3‑bedroom and four 1‑bedroom apartments
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 | $151.8k | $30.36 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $143.0k | $28.60 |
| − OpEx | −$64.3k | −$12.87 |
| NOI | $78.6k | $15.73 |
5,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
373
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 - Updated apartment property with separate utilities, shared outdoor space, and a lower-level unit configured for possible expansion.
Where is this apartment building located?
The property is located at 693300 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 square feet across two buildings; Five fully occupied units plus a lower‑level sixth‑unit configuration; Unit mix includes one 3‑bedroom and four 1‑bedroom apartments
