Loft Residential Income
For Sale
$291,500
1010 ARCH STREET Unit 513, Philadelphia, PA 19107
Updated two-bedroom condominium with exposed brick, wood beams, high ceilings, and access-controlled building entry.
Property Size830 SF
Days on Market72
Property Features for 1010 ARCH STREET Unit 513
General Information
Standard status
Active
Size
830 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Market East
Taxes and HOA fees
Annual Taxes
$3,807
Building Details
Building Size
830 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
Thomas Groll · License #AB067209
(215) 620-9994
Source:
Patmckennarealtors
Added: Aug 22
Changed: Oct 31
Last Checked: Oct 30 at 11:10PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom lofted condominium in a building constructed in 1900. The interior combines an open arrangement with exposed brick, original wood beams, tall ceilings, and oversized windows. Improvements include a renovated kitchen and bathroom, contemporary appliances, updated fixtures, and finishes that retain the building’s historic character. The unit is located at 1010 Arch Street, Unit 513, in Philadelphia’s Center City district.
The property is positioned one block from Reading Terminal Market and Jefferson Station, with access to regional rail, the Market-Frankford Subway lines, city bus service, and the Naval Yard shuttle. Chinatown, the Fashion District, Trader Joe’s, restaurants, cafes, bars, and shops are also nearby. Building services include a concierge desk, electronic FOB entry, package delivery to the unit, 24-7 video monitoring, two elevators, and an app-operated laundry room on each floor. The condominium association does not permit short-term rentals.
The property is positioned one block from Reading Terminal Market and Jefferson Station, with access to regional rail, the Market-Frankford Subway lines, city bus service, and the Naval Yard shuttle. Chinatown, the Fashion District, Trader Joe’s, restaurants, cafes, bars, and shops are also nearby. Building services include a concierge desk, electronic FOB entry, package delivery to the unit, 24-7 video monitoring, two elevators, and an app-operated laundry room on each floor. The condominium association does not permit short-term rentals.
Key Highlights
- Two‑bedroom lofted condominium at 1010 Arch Street, Unit 513, Philadelphia, PA 19107
- Building constructed in 1900 with exposed brick, original wood beams, tall ceilings, and oversized windows
- Renovated kitchen and bathroom with contemporary appliances and updated fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,055
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,100
$261.1K
Cap Rate 7%
$186,500
$186.5K
Cap Rate 9%
$145,056
$145.1K
Market Conditions
NOI Build-Up for 830 SF
Gross rent
$25.2K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$23.7K $28.60/SF
− OpEx
−$10.7K −$12.87/SF
NOI
$13.1K $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%
$261,100
Cap Rate 7%
$186,500
Cap Rate 9%
$145,056
Alternative Uses
Best Use
Apartment 5plus
$186.5K
$163.2K – $217.6K
NOI $13,055 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$202.3K
$177.1K – $236.1K
NOI $14,164 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
21,329
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom condominium with exposed brick, wood beams, high ceilings, and access-controlled building entry.
Where is this residential income property located?
The property is located at 1010 ARCH STREET Unit 513 Philadelphia, PA.
What is the asking price?
The asking price for this property is $291,500.
What are key features of this property?
This property features: Two‑bedroom lofted condominium at 1010 Arch Street, Unit 513, Philadelphia, PA 19107; Building constructed in 1900 with exposed brick, original wood beams, tall ceilings, and oversized windows; Renovated kitchen and bathroom with contemporary appliances and updated fixtures
