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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
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
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Property Taxes

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
  • Listing ID: 35479840

  • Date on Market: 4/14/2025

  • Last Updated:

  • Address: 1315 N 6th St, Philadelphia, PA 19122

Contact the Sale Advisor

6th Street Triplex | 1315 N 6th St

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