Fully Renovated Mixed-Use
6940-2 Torresdale Avenue Philadelphia, PA 19135
6940-2 Torresdale Avenue, Philadelphia, PA, 19135
$980,000
For Sale
$980,000
Two fully renovated buildings offering four residential apartments and two ground-floor commercial spaces, both 100% leased.
Property Size2,264 SF
Price / SF$432.86
Days on Market337
Property Features for 6940-2 Torresdale Avenue
General Information
- Standard status
- Active
- Size
- 2,264 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1935
Listing Agency
REDBLOCK Realty Inc.
(215) 778-2517
Listed by
Adam Rocco · License #RS336988
(215) 778-2517
Source
Xome
Added: Aug 19, 2025 Updated: Jul 20 at 6:32 pm Checked: Jul 20 at 6:32 pm
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 REDBLOCK Realty Inc.
Investment Insights
Based on property information with market context.
Two fully renovated properties at 6940-2 Torresdale Avenue are being sold together, totaling four residential apartments and two ground-level commercial spaces. The residential units include two modern studios and two spacious two-bedroom, one-bath apartments. Updates across the apartments include sleek laminate flooring, all-electric utilities, and a brand-new contemporary kitchen design; each unit is cable-ready, and the living room includes a ceiling fan.
Both commercial spaces are on the ground level and are fully renovated. The first-floor tenant mix includes a coffee shop and a redone showroom for a door distributor. The offering is reported as 100% leased, with gross annual rents of $100,000 and low annual expenses of $15,000 covering taxes, insurance, and water; tenants pay their own PECO bill, and there is no gas. The properties are described as being near public transportation with easy access to I-95, and nearby Disston Park is noted as a recreation option.
Both commercial spaces are on the ground level and are fully renovated. The first-floor tenant mix includes a coffee shop and a redone showroom for a door distributor. The offering is reported as 100% leased, with gross annual rents of $100,000 and low annual expenses of $15,000 covering taxes, insurance, and water; tenants pay their own PECO bill, and there is no gas. The properties are described as being near public transportation with easy access to I-95, and nearby Disston Park is noted as a recreation option.
Key Highlights
- Two fully renovated properties sold together at 6940‑2 Torresdale Ave: 4 residential apartments and 2 ground‑floor commercial spaces.
- Unit mix includes two modern studios and two 2‑bedroom, 1‑bath apartments with sleek laminate flooring and brand‑new contemporary kitchens.
- All‑electric utilities with cable‑ready apartments; ceiling fan in each living room and central air included (heat listed as 3).
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 | $68.7k | $30.36 |
| − Vacancy | −$4.0k | −$1.76 |
| EGI | $64.7k | $28.60 |
| − OpEx | −$29.1k | −$12.87 |
| NOI | $35.6k | $15.73 |
2,264 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$508.7K
$445.2K – $593.5K
NOI $35,612 @ 7.0% cap · market cap 3.63%
Second Best
Specialty Retail
$468.6K
$410.1K – $546.8K
NOI $32,805 @ 7.0% cap · market cap 3.35%
Theoretical Best
Multifamily LT 5
$551.9K
$482.9K – $643.9K
NOI $38,635 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Two fully renovated buildings offering four residential apartments and two ground-floor commercial spaces, both 100% leased.
Where is this multifamily property located?
The property is located at 6940-2 Torresdale Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two fully renovated properties sold together at 6940‑2 Torresdale Ave: 4 residential apartments and 2 ground‑floor commercial spaces.; Unit mix includes two modern studios and two 2‑bedroom, 1‑bath apartments with sleek laminate flooring and brand‑new contemporary kitchens.; All‑electric utilities with cable‑ready apartments; ceiling fan in each living room and central air included (heat listed as 3).
