One-Bedroom Residential Income
New
For Sale
$115,000
1010 RACE STREET Unit 2E, Philadelphia, PA 19107
Unit features hardwood floors, exposed brick, and a spacious living room.
Property Size654 SF
Days on Market6
Property Features for 1010 RACE STREET Unit 2E
General Information
Standard status
Active
Size
654 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,329
Building Details
Building Size
654 SF
Year Built
1910
Listing Agency:
KW Empower
(610) 716-7384
Listed By:
Marina Ruiz · License #RS370793
(610) 716-7384
Source:
Patmckennarealtors
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 4:37AM
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
Investment Insights
Based on property information with market context.
Located at 1010 Race Street, Unit 2E is a residential income property in Philadelphia’s Center City Chinatown area. The unit offers 654 square feet with one bedroom and one full bathroom, along with a living room, hardwood flooring, exposed brick walls, closet space, and laundry. The building dates to 1910.
The property is positioned near restaurants, shopping, bus service, and subway transportation. The bedroom and bathroom are arranged on the main level, providing a straightforward residential layout within the unit.
The property is positioned near restaurants, shopping, bus service, and subway transportation. The bedroom and bathroom are arranged on the main level, providing a straightforward residential layout within the unit.
Key Highlights
- 654 square feet with one bedroom and one full bathroom
- Hardwood flooring and exposed brick walls
- Spacious living room
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 | $19.9k | $30.36 |
| − Vacancy | −$1.2k | −$1.76 |
| EGI | $18.7k | $28.60 |
| − OpEx | −$8.4k | −$12.87 |
| NOI | $10.3k | $15.73 |
654 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$147.0K
$128.6K – $171.5K
NOI $10,287 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$159.4K
$139.5K – $186.0K
NOI $11,160 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20,003
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 features hardwood floors, exposed brick, and a spacious living room.
Where is this residential income property located?
The property is located at 1010 RACE STREET Unit 2E Philadelphia, PA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 654 square feet with one bedroom and one full bathroom; Hardwood flooring and exposed brick walls; Spacious living room
