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6th Street Triplex 1315 N 6th St 3 Unit Apartment Building $839,000 ($279,667/Unit) 7.99% Cap Rate Philadelphia, PA 19122



Investment Highlights
- Transit-Friendly location
- Separately metered
- Large Units
Executive Summary
An outstanding investment opportunity awaits at 1315 North 6th Street, a fully renovated and meticulously maintained triplex situated just off Girard Avenue in the rapidly growing Ludlow neighborhood. This newer construction multi-family property offers three spacious 2-bedroom, 2-bathroom units, each with modern finishes, outdoor space, and strong rental income—currently averaging $67,000 in gross annual revenue. Originally built in 2017, each unit features high-quality upgrades including granite countertops, stainless steel appliances, central air conditioning, in-unit washers and dryers, and gleaming hardwood flooring throughout. Clean, modern lines and a neutral design palette allow for broad tenant appeal. Unit 1 is a generously sized bi-level apartment currently rented at $2,000/month. This unit includes a bonus den, an additional flex room (ideal for office, closet, or gym), two full bathrooms, and a large private rear patio perfect for relaxing or entertaining. Unit 2 is a well-appointed single-level flat featuring an open-concept living area, two full bathrooms, and private rear balcony access. Unit 3 mirrors Unit 2 in layout with the exceptional addition of a spacious rooftop deck offering skyline views and excellent entertaining space. The property is ideally located within walking distance of Girard Avenue transit, acclaimed local establishments such as Taco Riendo and Mammoth Coffee, and essential retail like ACME and Wine & Spirits. Just minutes from Fishtown, Northern Liberties, and major transportation arteries including I-95, I-676, and multiple SEPTA lines, this address boasts a Walk Score of 87, reflecting the unbeatable convenience of this urban location. Whether you’re a seasoned investor seeking a cash-flowing asset or a buyer considering an owner-occupied opportunity, 1315 N 6th Street presents an ideal combination of modern amenities, rental stability, and long-term neighborhood upside. Schedule your private tour today and secure this prime Philadelphia investment.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$22.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$22.07
|
| Taxes |
$2,245
|
$0.69
|
| Operating Expenses |
$2,500
|
$0.77
|
| Total Expenses |
$4,745
|
$1.45
|
| Net Operating Income |
$67,255
|
$20.62
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $22.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $22.07 |
| Taxes | |
|---|---|
| Annual | $2,245 |
| Annual Per SF | $0.69 |
| Operating Expenses | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $0.77 |
| Total Expenses | |
|---|---|
| Annual | $4,745 |
| Annual Per SF | $1.45 |
| Net Operating Income | |
|---|---|
| Annual | $67,255 |
| Annual Per SF | $20.62 |
Property Facts
| Price | $839,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 7.99% | Building Size | 3,262 SF |
| No. Units | 3 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2017 |
| Zoning | RM1 | ||
| Price | $839,000 |
| Price Per Unit | $279,667 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,262 SF |
| Average Occupancy | 67% |
| No. Stories | 3 |
| Year Built | 2017 |
| Zoning | RM1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Sprinkler System
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Basement
- Deck
- Handrails
- Intercom
- Patio
- Wet Bar
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Sundeck
- Smoke Detector
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 182294300 | Total Assessment | $802,200 (2026) |
| Land Assessment | $160,440 (2026) | Annual Taxes | $2,245 ($0.69/SF) |
| Improvements Assessment | $641,760 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
182294300
Land Assessment
$160,440 (2026)
Improvements Assessment
$641,760 (2026)
Total Assessment
$802,200 (2026)
Annual Taxes
$2,245 ($0.69/SF)
Tax Year
2025
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6th Street Triplex | 1315 N 6th St
