Renovated Residential Income
For Sale
$195,000
1009 ARCH STREET Unit 4B, Philadelphia, PA 19107
Two-bedroom apartment in Philadelphia’s Chinatown with recently updated air conditioning and building fire systems.
Property Size630 SF
Days on Market43
Property Features for 1009 ARCH STREET Unit 4B
General Information
Standard status
Active
Size
630 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,355
Building Details
Building Size
630 SF
Year Built
1900
Listing Agency:
Appreciation Realty LLC
(267) 984-5688
Listed By:
Bei Y Chen · License #RS318088
(267) 984-5688
Source:
Patmckennarealtors
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 5 at 4:40AM
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 Appreciation Realty LLC
Investment Insights
Based on property information with market context.
This residential income property includes a two-bedroom apartment in a 1900 building. The unit has undergone recent renovations, and its air-conditioning system was replaced last year. The building’s fire system was also replaced last year.
The property is located on Arch Street in Philadelphia’s Chinatown, within the city’s Center City area. Its setting places the apartment near the central Philadelphia urban environment while retaining a residential character.
The property is located on Arch Street in Philadelphia’s Chinatown, within the city’s Center City area. Its setting places the apartment near the central Philadelphia urban environment while retaining a residential character.
Key Highlights
- Two‑bedroom apartment in Philadelphia’s Chinatown
- Recent renovations to the apartment
- Air‑conditioning system replaced last year
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $30.36 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $18.0k | $28.60 |
| − OpEx | −$8.1k | −$12.87 |
| NOI | $9.9k | $15.73 |
630 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$141.6K
$123.9K – $165.2K
NOI $9,910 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$153.6K
$134.4K – $179.2K
NOI $10,751 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,329
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 - Two-bedroom apartment in Philadelphia’s Chinatown with recently updated air conditioning and building fire systems.
Where is this residential income property located?
The property is located at 1009 ARCH STREET Unit 4B Philadelphia, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑bedroom apartment in Philadelphia’s Chinatown; Recent renovations to the apartment; Air‑conditioning system replaced last year
