Two-Unit Home with Central
For Sale
$750,000
705 S 6TH STREET, Philadelphia, PA 19147
Legal duplex with separate entrances, flexible living arrangements, and updated central air conditioning in each unit.
Property Size2,016 SF
Price / SF$372.02
Days on Market61
Property Features for 705 S 6TH STREET
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Units
Unit Mix
1BR, 3BR/2BA
Multifamily Units
2
Amenities
central air conditioning
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Triamond Realty
(267) 243-5317
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Cummingsrealtors
Added: Aug 23
Changed: Oct 21
Last Checked: Oct 20 at 9:59PM
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 Triamond Realty
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Investment Insights
Based on property information with market context.
This legal duplex contains two independent residential units accessed through separate entrances. The first-floor unit has 1 bedroom, while the upper unit offers 3 bedrooms and 2 full bathrooms, including a recently renovated bathroom. Both units have brand new central air conditioning, and the property provides 2,016 square feet within a city-home layout measuring approximately 18 feet wide.
Built in 1915, the property is located at 705 S 6th Street in Philadelphia, within the Meredith school catchment. Its two-unit configuration supports owner occupancy, multigenerational living, or continued use as a residential income property.
Built in 1915, the property is located at 705 S 6th Street in Philadelphia, within the Meredith school catchment. Its two-unit configuration supports owner occupancy, multigenerational living, or continued use as a residential income property.
Key Highlights
- Legal two‑family property with 2 separate living units
- 2,016 square feet on an approximately 18‑foot‑wide city‑home layout
- First‑floor unit includes 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,403
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,060
$688.1K
Cap Rate 7%
$491,471
$491.5K
Cap Rate 9%
$382,256
$382.3K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$52.0K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.1K $24.38/SF
− OpEx
−$14.7K −$7.31/SF
NOI
$34.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,060
Cap Rate 7%
$491,471
Cap Rate 9%
$382,256
Alternative Uses
Best Use
Multifamily LT 5
$491.5K
$430.0K – $573.4K
NOI $34,403 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$453.0K
$396.4K – $528.5K
NOI $31,711 @ 7.0% cap · market cap 4.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with separate entrances, flexible living arrangements, and updated central air conditioning in each unit.
Where is this duplex located?
The property is located at 705 S 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Legal two‑family property with 2 separate living units; 2,016 square feet on an approximately 18‑foot‑wide city‑home layout; First‑floor unit includes 1 bedroom
