Multi-family report

2223 S 6th St

3 bd · 2 ba · 2 stories · 1,168 sqft · RSA5 · built 1920

Investor / LLC · assessed $256K · sold 6×. On the 2200 block of S 6th St.

Street view of 2223 S 6th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $8K in 1999, use permit in 2017, sold for $80K in 2023 (+926%).

View supporting records →
Finding

Assessment and sale price disagree hard

Why it matters

Assessed at $256K, but it traded for $80,000 in 2023 — a 3.2× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

View supporting records →

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1920: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

Multiple units in RSA5, a single-family district

The building's use almost certainly predates today's code — a "legal nonconforming" use. That status survives a sale but can lapse if the use is abandoned or the building sits vacant; verify the registered use with L&I before pricing it as multiple rents.

If you’re the landlord

No active rental license on file

If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

Who's behind it

Ngo Property LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $399K combined
• Tax bills mail to 312 Glen Gary Dr, Havertown PA, 19083 — outside Philadelphia
• The last transfer was a nominal/family deed, not an open-market sale

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$256K
built 1920
Price / sq ft
$219
block $214 · in line w/ block
Appreciation
+214%
+11%/yr, city 6.5%
In 5 years (~2031)
~$257K
+11%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
1.4% effective
Gross yield
7.1%
≈$2K/mo rent
Times sold
6
kept in the family

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$250K$500KBefore this chart — 1999: Sold $8K 2000: Sold $14K 2000: Sold $35K 2009: Sold $11K 2011: Sold $70K 2013: 2 L&I violations2017: Appeal granted 2017: Use2023: Sold $80K$256K201620222027
This houseBlock median & rangeSaleZoningPermit

The paper trail

Bought for $8K in 1999, use permit in 2017, sold for $80K in 2023 (+926%).

  1. 1999 $8KSold
  2. 2000 $14KSold$35KSold
  3. 2009 $11KSold
  4. 2011 $70KSold
  5. 2013 2 L&I violationsL&I
  6. 2017 Appeal grantedZoningUsePermit
  7. 2023 $80KSold

Flags: 1 zoning/board appeal on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
3
Bathrooms
2
Stories
2
Interior
1,168 sqft
livable area
Lot
874 sqft
Basement
Full, unfinished
city code C
Heat
Forced hot air
city code A
Central air
No
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RSA5
city zoning code
Zoning appeals
1
granted 2017

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Where the record looks off

Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.

Assessment and sale price disagree hard

Assessed at $256K, but it traded for $80,000 in 2023 — a 3.2× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

Run the numbers

What owning 2223 S 6th St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$80K
20%
6.875%
$2K/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

2223 S 6th St sits on the 2200 block of S 6th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2221 S 6th St  ·  2225 S 6th St

Where this comes from

Methodology & freshness

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)