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 Market225
Property Features for 693300 Ditman Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Lease Term
[]
Site & Location
Neighborhood
Northeast Philadelphia
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
Listed By:
Jillian F Gonzalez · License #RS300288
(215) 760-9505
Source:
Deepcreeklake
Added: Mar 27
Changed: Nov 5
Last Checked: Nov 4 at 5:21PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$78,648
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
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
