One-Bedroom Residential
New
For Sale
$115,000
1010 RACE STREET Unit 8I, Philadelphia, PA 19107
The apartment includes a separate living room, kitchen, full bath, and in-unit laundry.
Property Size670 SF
Days on Market4
Property Features for 1010 RACE STREET Unit 8I
General Information
Standard status
Active
Size
670 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Chinatown
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,517
Amenities
laundry
Building Details
Building Size
670 SF
Year Built
1910
Listing Agency:
Wells Realty LLC
Listed By:
Fayuan Frank Xue · License #RM425559
(718) 664-8058
Source:
Patmckennarealtors
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 2:58PM
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 Wells Realty LLC
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Investment Insights
Based on property information with market context.
This one-bedroom residential property has a separate living room, kitchen, full bathroom, and laundry. Hardwood flooring runs throughout, while large windows bring in natural light and high ceilings add vertical space. The building dates to 1910.
Situated in Philadelphia’s Chinatown, the property is within walking distance of restaurants, shops, medical offices, and nightlife. Bus and subway service is nearby, with access to the University of Pennsylvania, Drexel University, Temple University, and New Jersey.
Situated in Philadelphia’s Chinatown, the property is within walking distance of restaurants, shops, medical offices, and nightlife. Bus and subway service is nearby, with access to the University of Pennsylvania, Drexel University, Temple University, and New Jersey.
Key Highlights
- One‑bedroom layout with living room, kitchen, full bath, and laundry
- Hardwood flooring throughout
- Large windows and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,539
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,780
$210.8K
Cap Rate 7%
$150,557
$150.6K
Cap Rate 9%
$117,100
$117.1K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$20.3K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.2K $28.60/SF
− OpEx
−$8.6K −$12.87/SF
NOI
$10.5K $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%
$210,780
Cap Rate 7%
$150,557
Cap Rate 9%
$117,100
Alternative Uses
Best Use
Apartment 5plus
$150.6K
$131.7K – $175.7K
NOI $10,539 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$163.3K
$142.9K – $190.6K
NOI $11,433 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
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 apartment includes a separate living room, kitchen, full bath, and in-unit laundry.
Where is this residential income property located?
The property is located at 1010 RACE STREET Unit 8I 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: One‑bedroom layout with living room, kitchen, full bath, and laundry; Hardwood flooring throughout; Large windows and high ceilings
