Residential Income Property with
For Sale
$349,000
101 ARCH STREET Unit 3B, Philadelphia, PA 19106
Historic city residence with a private step-out patio and a layout accommodating daily living and entertaining.
Property Size1,066 SF
Days on Market11
Property Features for 101 ARCH STREET Unit 3B
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,115
Building Details
Building Size
1,066 SF
Year Built
1880
Listing Agency:
National Realty Old City LLC - PA
Listed By:
Billy Creagh · License #RM424688
(267) 439-6926
Source:
Patmckennarealtors
Added: Aug 25
Changed: Sep 3
Last Checked: Sep 4 at 1:15PM
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 National Realty Old City LLC - PA
Investment Insights
Based on property information with market context.
This residential income property offers a one-bedroom layout with 1.5 baths, including one full bathroom and one half bathroom. A private step-out patio adds dedicated outdoor space to the residence, while the interior arrangement supports both everyday use and entertaining. The property dates to 1880.
Set in Philadelphia’s Old City, the residence is surrounded by restaurants, cafes, retail shops, galleries, and cultural attractions. Elfreth’s Alley and the Betsy Ross House are nearby, and the neighborhood’s cobblestone streets and historic architecture contribute to its established urban setting. Many destinations can be reached on foot, providing convenient access to the area’s dining, shopping, and attractions.
Set in Philadelphia’s Old City, the residence is surrounded by restaurants, cafes, retail shops, galleries, and cultural attractions. Elfreth’s Alley and the Betsy Ross House are nearby, and the neighborhood’s cobblestone streets and historic architecture contribute to its established urban setting. Many destinations can be reached on foot, providing convenient access to the area’s dining, shopping, and attractions.
Key Highlights
- 1‑bedroom residence with 1.5 baths
- Private step‑out patio
- One full bathroom and one half bathroom
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
$16,768
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
4.80%
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%
$335,360
$335.4K
Cap Rate 7%
$239,543
$239.5K
Cap Rate 9%
$186,311
$186.3K
Market Conditions
NOI Build-Up for 1,066 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
$32.4K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.5K $28.60/SF
− OpEx
−$13.7K −$12.87/SF
NOI
$16.8K $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%
$335,360
Cap Rate 7%
$239,543
Cap Rate 9%
$186,311
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.5K
NOI $16,768 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$259.9K
$227.4K – $303.2K
NOI $18,191 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Historic city residence with a private step-out patio and a layout accommodating daily living and entertaining.
Where is this residential income property located?
The property is located at 101 ARCH STREET Unit 3B Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1‑bedroom residence with 1.5 baths; Private step‑out patio; One full bathroom and one half bathroom
