6906 Saybrook Ave – Philadelphia, PA 19142

Hey Investors,

This 3BR/1BA row home at 6906 Saybrook Ave in Kingsessing (Philadelphia 19142) is a classic Buy & Hold opportunity on an RM1-zoned lot, offering strong rental cash flow in a stabilizing Southwest Philly corridor. Medium-condition rehab needs are manageable, and the block has seen consistent sales activity with multiple renovated comps in the $190K–$250K range validating the exit.

Strategy: Buy & Hold | Specs: 3 BR / 1 BA | 1,320 SQFT | Year Built: 1920 | Zoning: RM1

The Money & ARV:
* Target Rent: $1,500 – $1,700/mo
* Est. Rehab: $46,200 (1,320 sqft × $35 Medium — Medium rehab tier)
* Realistic ARV: $200,000 (Anchored by 6331 Wheeler St / 6514 Elmwood Ave comps)
* Aggressive ARV: $215,000 (Top-tier renovation potential, referencing 6520 Wheeler St at $237K)

Why this deal?
Kingsessing/Elmwood continue to see steady buyer and renter demand, with renovated 3BR row homes trading in the $185K–$237K range and renting for $1,500–$1,700/month — strong enough to support a buy-and-hold at the right basis. At a $169K as-is value with ~$46K in medium rehab, an all-in cost near $215K pencils to a gross rent yield above 9% and strong long-term equity upside as the corridor improves. The RM1 zoning adds optionality for a future conversion to a legal 2-unit, further boosting the investment thesis. This is a steady cash-flow play with a clear value-add renovation path and multiple exit options.

Comparable Properties

PROPERTY COMPARABLES (SOLD LAST 6 MONTHS) — City | Strategy: Buy & Hold | Radius: 0.5 mi

⚠️ Note: Subject sqft = 1,320. Comps selected within ±300 sqft bracket (1,020–1,620 sqft) where available, expanded to ±500 sqft for sufficient pool. Radius = 0.5 mi (Buy & Hold). SFR/Townhouse type match applied.

Renovated / High-End Closed Sales
– 6520 Wheeler St, Philadelphia, PA 19142 (0.09 mi) — Sold $237,000 | 3BD/3BA | 960 sqft | $247 PPSF | 05/05/26
– 6331 Wheeler St, Philadelphia, PA 19142 (0.27 mi) — Sold $190,000 | 3BD/2BA | 1,036 sqft | $183 PPSF | 05/15/26
– 6514 Elmwood Ave, Philadelphia, PA 19142 (0.29 mi) — Sold $190,000 | 3BD/1BA | 1,024 sqft | $186 PPSF | 05/08/26
– 2552 S 68th St, Philadelphia, PA 19142 (0.31 mi) — Sold $250,000 | 3BD/2BA | 960 sqft | $260 PPSF | 03/18/26

Mid-Tier & Value-Add Closed Sales
– 7113 Theodore St, Philadelphia, PA 19142 (0.19 mi) — Sold $170,000 | 3BD/2BA | 1,008 sqft | $169 PPSF | 02/26/26
– 7246 Grays Ave, Philadelphia, PA 19142 (0.24 mi) — Sold $173,900 | 3BD/1BA | 1,200 sqft | $145 PPSF | 03/10/26
– 6930 Dicks Ave, Philadelphia, PA 19142 (0.28 mi) — Sold $237,000 | 3BD/2BA | 1,229 sqft | $193 PPSF | 02/12/26
– 7275 Saybrook Ave, Philadelphia, PA 19142 (0.09 mi) — Sold $136,500 | 3BD/2BA | 1,124 sqft | $121 PPSF | 03/13/26

Fixer / Shell Closed Sales (Low-Tier)
– 2506 Bonnaffon St, Philadelphia, PA 19142 (0.32 mi) — Sold $58,000 | 3BD/1BA | 960 sqft | $60 PPSF | 04/16/26
– 2548 Carroll St, Philadelphia, PA 19142 (0.41 mi) — Sold $72,500 | 3BD/1BA | 960 sqft | $76 PPSF | 05/08/26