Courtyard Residential Income
For Sale
$489,900
1 CHRISTIAN STREET Unit 42L, Philadelphia, PA 19147
Two-level condominium residence with private garage parking, courtyard outlooks, and an expanded kitchen with upgraded finishes.
Property Size1,500 SF
Days on Market55
Property Features for 1 CHRISTIAN STREET Unit 42L
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
South Philadelphia
Taxes and HOA fees
Annual Taxes
$5,205
Building Details
Building Size
1,500 SF
Year Built
1980
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Patrick M Conway · License #RS217990L
(215) 266-1537
Source:
Patmckennarealtors
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 30 at 7:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Center City Walnut
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Investment Insights
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This 1,500-square-foot condominium residence includes two bedrooms, one-and-a-half baths, and private garage parking within a landscaped courtyard community. The main level combines a living room with original solid oak hardwood floors, a wood-burning fireplace, and courtyard-facing window exposure with a dining area and expanded eat-in kitchen. Kitchen features include Omega solid cherry cabinetry, concrete countertops, a glass-tile backsplash, stainless steel appliances, a premium induction range, porcelain tile flooring, and a built-in desk and workstation.
The upper level includes two bedrooms, including one currently used as a sitting room, along with a hall bath featuring a frameless glass shower. The lower level provides interior access to the garage and a separate storage area extending beneath the living room. Marvin windows are installed throughout, while the HVAC system was installed approximately two years ago and the garage door is new. The property is at 1 Christian Street in Philadelphia's Queen Village, near restaurants, cafes, parks, and playgrounds, with access to major highways and bridges.
The upper level includes two bedrooms, including one currently used as a sitting room, along with a hall bath featuring a frameless glass shower. The lower level provides interior access to the garage and a separate storage area extending beneath the living room. Marvin windows are installed throughout, while the HVAC system was installed approximately two years ago and the garage door is new. The property is at 1 Christian Street in Philadelphia's Queen Village, near restaurants, cafes, parks, and playgrounds, with access to major highways and bridges.
Key Highlights
- 1,500‑square‑foot condominium with two bedrooms and one‑and‑a‑half baths
- Private garage parking with interior access and separate storage area
- Expanded eat‑in kitchen with Omega solid cherry cabinetry and premium induction range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,594
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
$471.9K
Cap Rate 7%
$337,057
$337.1K
Cap Rate 9%
$262,156
$262.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.5K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$42.9K $28.60/SF
− OpEx
−$19.3K −$12.87/SF
NOI
$23.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
Cap Rate 7%
$337,057
Cap Rate 9%
$262,156
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,415
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with private garage parking, courtyard outlooks, and an expanded kitchen with upgraded finishes.
Where is this residential income property located?
The property is located at 1 CHRISTIAN STREET Unit 42L Philadelphia, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 1,500‑square‑foot condominium with two bedrooms and one‑and‑a‑half baths; Private garage parking with interior access and separate storage area; Expanded eat‑in kitchen with Omega solid cherry cabinetry and premium induction range
