Residential Income Unit with High
For Sale
$186,000
1001-13 CHESTNUT STREET Unit 307, Philadelphia, PA 19107
Unit in a 1900 Victorian-style building with a prominent hallway and condition suited to personalized updates.
Property Size548 SF
Days on Market194
Property Features for 1001-13 CHESTNUT STREET Unit 307
General Information
Standard status
Active
Size
548 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
wear and tears need a handyman
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,533
Building Details
Building Size
548 SF
Year Built
1900
Construction
Victoria style
Tenancy
Single
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Patmckennarealtors
Added: Feb 27
Changed: Aug 30
Last Checked: Sep 9 at 7:16AM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
Unit 307 is located within a 1900 Victorian-style building featuring notably high ceilings and an impressive hallway with architectural character. The residence has experienced wear from prior occupancy and will require hands-on updating before move-in, allowing a new owner to shape the interior according to personal preferences.
The unit was tenant occupied for a few years and is available for showing. Its Philadelphia location is identified as 1001-13 Chestnut Street, Unit 307, Philadelphia, PA 19107.
The unit was tenant occupied for a few years and is available for showing. Its Philadelphia location is identified as 1001-13 Chestnut Street, Unit 307, Philadelphia, PA 19107.
Key Highlights
- Unit 307 in a Victorian‑style building
- Built in 1900
- High ceilings and a distinctive hallway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,620
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,400
$172.4K
Cap Rate 7%
$123,143
$123.1K
Cap Rate 9%
$95,778
$95.8K
Market Conditions
NOI Build-Up for 548 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.6K $30.36/SF
− Vacancy
−$965 −$1.76/SF
EGI
$15.7K $28.60/SF
− OpEx
−$7.1K −$12.87/SF
NOI
$8.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,400
Cap Rate 7%
$123,143
Cap Rate 9%
$95,778
Alternative Uses
Best Use
Apartment 5plus
$123.1K
$107.8K – $143.7K
NOI $8,620 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$133.6K
$116.9K – $155.9K
NOI $9,352 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit in a 1900 Victorian-style building with a prominent hallway and condition suited to personalized updates.
Where is this residential income property located?
The property is located at 1001-13 CHESTNUT STREET Unit 307 Philadelphia, PA.
What is the asking price?
The asking price for this property is $186,000.
What are key features of this property?
This property features: Unit 307 in a Victorian‑style building; Built in 1900; High ceilings and a distinctive hallway
