One-Bedroom Residential
For Sale
$124,950
1010 RACE STREET Unit 6K, Philadelphia, PA 19107
The unit combines a galley kitchen, in-unit laundry, loft storage, and a flexible bedroom layout.
Property Size688 SF
Price / SF$181.61
Days on Market339
Property Features for 1010 RACE STREET Unit 6K
General Information
Standard status
Active
Size
688 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Chinatown
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,318
Amenities
exposed brick
wood beams
high ceilings
hardwood floors
loft storage area
washer/dryer
dishwasher
refrigerator
oven
garbage disposal
security desk
mail room
basement storage locker
bike storage
Building Details
Building Size
688 SF
Year Built
1910
Listing Agency:
RE/MAX Ready
Listed By:
David Sneeringer · License #AB067449
(267) 736-4700
Source:
Wagnerrealestate
Added: Dec 1, 2025
Changed: Nov 2
Last Checked: Nov 4 at 9:07AM
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 RE/MAX Ready
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Investment Insights
Based on property information with market context.
This 688-square-foot residential condo was built in 1910 and has one bedroom and one full bathroom. Interior features include exposed brick, wood beams, high ceilings, hardwood floors, and a loft storage area. The kitchen is equipped with a dishwasher, refrigerator, oven, and garbage disposal. A washer and dryer are located in the unit, and the bedroom has two large closets. The living and dining area is sized to accommodate both functions.
Building amenities include an entry lobby with a security desk, mail room, and elevators, along with basement storage and bicycle storage. The property is in Philadelphia’s Chinatown area, within walking distance of Jefferson Hospital, the Convention Center, Reading Terminal Market, Fashion District, Center City, and SEPTA train, bus, and subway stops. Routes 676, I-95, and I-76 are nearby.
Building amenities include an entry lobby with a security desk, mail room, and elevators, along with basement storage and bicycle storage. The property is in Philadelphia’s Chinatown area, within walking distance of Jefferson Hospital, the Convention Center, Reading Terminal Market, Fashion District, Center City, and SEPTA train, bus, and subway stops. Routes 676, I-95, and I-76 are nearby.
Key Highlights
- 688‑square‑foot unit with one bedroom and one full bathroom
- Exposed brick, wood beams, high ceilings, and hardwood flooring
- Galley kitchen includes dishwasher, refrigerator, oven, and garbage disposal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,822
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,440
$216.4K
Cap Rate 7%
$154,600
$154.6K
Cap Rate 9%
$120,244
$120.2K
Market Conditions
NOI Build-Up for 688 SF
Gross rent
$20.9K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.7K $28.60/SF
− OpEx
−$8.9K −$12.87/SF
NOI
$10.8K $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 Rate 5%
$216,440
Cap Rate 7%
$154,600
Cap Rate 9%
$120,244
Alternative Uses
Best Use
Apartment 5plus
$154.6K
$135.3K – $180.4K
NOI $10,822 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines a galley kitchen, in-unit laundry, loft storage, and a flexible bedroom layout.
Where is this residential income property located?
The property is located at 1010 RACE STREET Unit 6K Philadelphia, PA.
What is the asking price?
The asking price for this property is $124,950.
What are key features of this property?
This property features: 688‑square‑foot unit with one bedroom and one full bathroom; Exposed brick, wood beams, high ceilings, and hardwood flooring; Galley kitchen includes dishwasher, refrigerator, oven, and garbage disposal
