$369,000
For Sale by Owner $231/sq ft
Listed 1 month ago

Multi-Family for Sale in Philadelphia, PA

6299 Kindred St, Philadelphia, PA 19149
Studio
0 Bath
1,600 sq ft
Built 1950
PropSlick Verified Data Key facts & insights for this exact address
$231
Price / sq ft
1950
Year Built
$3,951
Property Tax / yr
2,246 sf
Lot Size
2
Garage Spaces
Philadelphia
County

Key Facts

Property TypeMulti-Family
Year Built1950
Square Footage1,600 sq ft
Lot Size2,246 sq ft
Garage Spaces2
Annual Property Tax$3,951
Price / SqFt$231

Property Description

6299 Kindred stands out as an updated duplex in Oxford Circle-offering a 9.73% CAP RATE with active 2-UNIT RENTAL LICENSE. Flexibility, modern updates, and exceptional investment performance for both seasoned investors and owneroccupants. Positioned on a corner lot, the property provides a rare chance to step into a clean, readytolease building without inheriting existing tenants or outdated finishes. Every decision about rent levels, lease terms, and occupancy strategy is yours from the moment you take ownership. Both units feature comfortable twobedroom layouts with dedicated parking, a combination that consistently commands approximately $1,650/month in this zip. The secondfloor residence has been thoughtfully renovated, showcasing luxury vinyl plank flooring, a brandnew kitchen, and a newly installed stove-creating a bright, modern living environment that appeals to today's renters. The firstfloor unit was just vacated and is now undergoing fresh improvements-including new paint, updated flooring, and modern light fixtures-so the next owner can step into a clean, refreshed space and set optimal rent levels from the start. An abovegrade basement serves both units and adds meaningful everyday convenience with shared laundry and abundant storage space. Separate gas and electric utilities for each apartment simplify management and allow tenants to control their own usage. Individual driveway parking spots enhance the property's appeal, and the firstfloor unit enjoys exclusive access to the yard-an attractive feature for tenants seeking outdoor space. The location further strengthens the property's value proposition. Situated near shopping, dining, and multiple public transportation options, the duplex offers easy access to major commuter routes along Roosevelt Boulevard. SEPTA Regional Rail and the Frankford Transportation Center are just minutes away, supporting strong rental demand and making the property appealing to commuters, students, and longterm residents alike. For investors evaluating performance, the projected income and typical operating expenses-when selfmanaged-support an exceptional 9.73% cap rate. This positions 6299 Kindred Street as a standout opportunity in a market where duplexes with strong rent potential are increasingly difficult to find. Whether you choose to occupy one unit while the other offsets your mortgage or lease both units to maximize cash flow, the property offers a compelling blend of stability, upside, and longterm wealthbuilding potential. With modern updates, and strong proforma market rents, 6299 Kindred Street is ready to perform from day one-delivering flexibility, convenience, and reliable income in one of Northeast Philadelphia's most accessible neighborhoods. -- The information here is deemed accurate but not guaranteed. It is the responsibility of the buyer and buyer's agent to confirm all taxes and zoning.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Heating
Washer/Dryer

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
View Full Property History on MarketTimeline
Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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