6126 Bingham Street
Philadelphia, PA 19111
- – beds
- – baths
- 4,608 sqft
- 8,400 sqft lot
- $303 per sqft
- 1957 build
Unlock the potential of this rare 10-unit multifamily gem, a prime value-add investment offering immediate cash flow and long-term appreciation in Northeast Philadelphia’s high-demand rental market. Featuring ten well-designed 1-bedroom units, each 500 sq. ft. with a living room, eat-in kitchen, bedroom, and full bathroom with a tub, this property presents an exceptional opportunity for investors. With five vacant units and five month-to-month tenants paying below-market rents, the potential to increase cash flow is immediate, with market rents projected at $1,440 per unit, generating up to $14,000+ in monthly rental income. Whether you choose to modernize units with light cosmetic updates or take advantage of guaranteed Section 8 rental income, this property is an ideal high-yield investment. Offered at $1.4M with a projected 8% cap rate and low annual taxes under $6,000, this asset is positioned for strong equity growth. Sitting on a spacious 0.2-acre lot with 4,600+ sq. ft. of interior space, this property provides incredible expansion potential, including the ability to add a third floor for additional units or utilize the side and backyard for off-street parking, a play area, or premium tenant amenities. Strategically located near major transit, Roosevelt Blvd’s shopping district, the Navy Yard, and top employment hubs, tenant demand remains strong, ensuring consistent occupancy and long-term profitability. Whether you're looking to renovate, reposition, or expand, this property is a rare opportunity to maximize returns and build equity in a thriving rental market. Schedule your private tour today and take the next step toward a high-performing investment! Reach out to schedule your private tour today!
Last checked:
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Last updated Mar 17, 2025
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MLS# PAPH2457966 —
The Building
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Year Built:1957
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Year Built Source:Estimated
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Roof:Flat
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New Construction:No
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Construction Materials:Masonry
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Building Levels:2
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Building Units Total:1
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Structure Type:Detached
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Architectural Style:Side-by-Side
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Accessibility Features:None
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Foundation Details:Slab
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Total SqFt Source:Estimated
Interior
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:4608
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Living Area SqFt:4,608 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Exchange, Conventional, Private
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Possession:Settlement
Location
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Directions:Right on Bingham St
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Latitude:40.04563904
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Longitude:-75.09678650
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Property Condition:Good, Average
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Lot Size Units:Square Feet
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Lot Size Acres:0.19
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Lot Size Source:Estimated
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Lot Size Dimensions:60.00 x 140.00
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Lot Dimensions Source:Estimated
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Lot SqFt:8,400 Sqft
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Exclusions:Tenants Belongings
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Zoning:RSA5
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:CA0
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (315) 278-3879
- Office phone:
- (855) 450-0442
Taxes
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Tax ID Number:881130450
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Tax Year:2024
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Tax Lot:558
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Tax Annual Amount:$5,999
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Tax Assessed Value:$428,600
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Year Assessed:2025
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School Tax:3359.0
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City/Town Tax:2639.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:8.00
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:5
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:10
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/16/25
Mar 16, 2025
|
Listed / Active | BRIGHT | $1,400,000 |
