Three-Residence Income
For Sale
$989,000
768 S 6th Street, Philadelphia, PA 19147
Three residences on one deed with a front home and two separate trinities, plus private outdoor space and storage.
Property Size3,360 SF
Price / SF$294.35
Days on Market176
Property Features for 768 S 6th Street
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
3
Building Details
Year Built
1915
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Patrick M Conway · License #RS217990L
(215) 266-1537
Source:
Deepcreeklake
Added: Mar 17
Changed: Sep 7
Last Checked: Sep 7 at 11:15AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This property at 768 S 6th Street is a one-deed three-residence configuration with a front home and two separate trinities. Unit 1 is an extra-wide three-bedroom home with a den and one bathroom, with multiple front windows providing natural light. The layout includes two entrances and two kitchens, creating flexible possibilities. Units 2 and 3 are housed as individual three-story trinities off a private side breezeway, each with hardwood floors. Unit 2 offers one bedroom plus a den and one bath. Unit 3 includes two bedrooms, one bath, and straight stairs, along with side windows for additional light and a rear deck potential. The property also includes a private outdoor area and a separate storage room.
Located on the Queen Village / Bella Vista border in Philadelphia, the home is surrounded by neighborhood dining and shopping. The property is being sold in as-is condition and will require updating.
Offered as an income property or as a redevelopment option for an end-user, this is a distinctive setup designed to support multiple living arrangements on one lot.
Located on the Queen Village / Bella Vista border in Philadelphia, the home is surrounded by neighborhood dining and shopping. The property is being sold in as-is condition and will require updating.
Offered as an income property or as a redevelopment option for an end-user, this is a distinctive setup designed to support multiple living arrangements on one lot.
Key Highlights
- One‑of‑a‑kind 3‑residence property on one deed: front home plus two separate trinities (Units 1–3).
- Front Home (Unit 1): extra‑wide 3‑bedroom plus den, 1 bath, with two entrances and two kitchens.
- Unit 2 (trinity): classic three‑story layout with 1 bedroom plus den, 1 bath, and hardwood floors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,146,760
$1.1M
Cap Rate 7%
$819,114
$819.1K
Cap Rate 9%
$637,089
$637.1K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$86.7K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$81.9K $24.38/SF
− OpEx
−$24.6K −$7.31/SF
NOI
$57.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,146,760
Cap Rate 7%
$819,114
Cap Rate 9%
$637,089
Alternative Uses
Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K
NOI $57,338 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.9K
NOI $52,851 @ 7.0% cap · market cap 5.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,030
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences on one deed with a front home and two separate trinities, plus private outdoor space and storage.
Where is this triplex located?
The property is located at 768 S 6th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: One‑of‑a‑kind 3‑residence property on one deed: front home plus two separate trinities (Units 1–3).; Front Home (Unit 1): extra‑wide 3‑bedroom plus den, 1 bath, with two entrances and two kitchens.; Unit 2 (trinity): classic three‑story layout with 1 bedroom plus den, 1 bath, and hardwood floors.
