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Property profile & analytics
FOR SALE
Investment properties

6028 Lansdowne Ave Philadelphia, PA 19151

1,632 SF 0.02 ac lot Built 1920
Entity Owned 5-yr Hold
Property ID
US73-0250399
Property summary
AI-generated overview

This exceptional mixed-use property located at 6028 Lansdowne Avenue in Philadelphia, Pennsylvania presents a compelling investment opportunity. The building encompasses 1,632 square feet and sits on a 0.02-acre lot. The ground floor currently houses an established catering and carry-out business, generating immediate income potential. Above the commercial space, the second and third floors each feature a one-bedroom apartment. While requiring some updates, these units possess solid foundations and could be quickly re-leased, potentially within a month. The apartments boast separate entrances, ensuring tenant privacy and convenience. The property is priced at $224,900, reflecting a motivated seller open to considering all offers. This presents a rare chance to acquire a multi-unit property with existing income and significant upside potential through apartment renovations and lease optimization. The strategic location in Philadelphia offers access to a vibrant market and diverse tenant pool. This is an ideal opportunity for investors seeking a blend of immediate return and long-term growth. Don't miss this chance to expand your real estate portfolio with a property that offers both stability and future development possibilities.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,632 SF
Lot 0.02 ac (756 SF)
Zoning code CMX2
APN 87-1-1541-00
UPID US73-0250399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Platesfromparis Take-out & Catering Catering Service
  • Halal Style Soul Food Restaurant
  • Parispreps Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
6028 Lansdowne Avenue LLC · 5 yrs held
6028 Lansdowne Avenue LLC
since 2021
Last sale
$174,500
2 recorded transactions
2021
$174,500
2008
$46,700
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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