Residential Income Property with Roof
For Sale
$260,200
1010 SPRUCE STREET Unit 1F, Philadelphia, PA 19107
Three-level condominium features a 12-foot living room, contemporary kitchen, and lower-level primary suite.
Property Size1,344 SF
Price / SF$195.05
Days on Market99
Property Features for 1010 SPRUCE STREET Unit 1F
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,948
Amenities
roof deck
courtyards
outdoor heated pool
BBQ area
fireplace
Building Details
Building Size
1,344 SF
Year Built
1965
Listing Agency:
Anju Realty LLC
Listed By:
Weili He · License #RM423736
(609) 933-1831
Source:
Patmckennarealtors
Added: Jul 25
Changed: Oct 31
Last Checked: Oct 30 at 8:15PM
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 Anju Realty LLC
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Investment Insights
Based on property information with market context.
This one-bedroom, one-and-a-half-bath condominium offers 1,334 sq ft across three floors. The main-level living room occupies the original parlor of a mansion and includes 12 ft ceilings, floor-to-ceiling windows facing Spruce St, hardwood flooring, a fireplace, and preserved architectural details. A contemporary kitchen and dining area overlook the living space.
The lower level contains the primary bedroom suite, a den or office area, full tiled bathroom with pedestal sink, walk-in closet, and additional storage. The residence is located in Washington Sq West within Center City Philadelphia. Common amenities include a large roof deck with a 360 degree view, private courtyards, an outdoor heated pool, and a BBQ area. Parking choices are available nearby. The property was built in 1965.
The lower level contains the primary bedroom suite, a den or office area, full tiled bathroom with pedestal sink, walk-in closet, and additional storage. The residence is located in Washington Sq West within Center City Philadelphia. Common amenities include a large roof deck with a 360 degree view, private courtyards, an outdoor heated pool, and a BBQ area. Parking choices are available nearby. The property was built in 1965.
Key Highlights
- 1bed/1.5 bath condominium with 1,334 sq ft across 3 floors
- Main living room features 12 ft ceilings, floor‑to‑ceiling windows, hardwood floors, and a fireplace
- Lower‑level primary suite includes den/office area, tiled bathroom, walk‑in closet, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,983
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,660
$419.7K
Cap Rate 7%
$299,757
$299.8K
Cap Rate 9%
$233,144
$233.1K
Market Conditions
NOI Build-Up for 1,334 SF
Gross rent
$40.5K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$38.2K $28.60/SF
− OpEx
−$17.2K −$12.87/SF
NOI
$21.0K $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%
$419,660
Cap Rate 7%
$299,757
Cap Rate 9%
$233,144
Alternative Uses
Best Use
Apartment 5plus
$299.8K
$262.3K – $349.7K
NOI $20,983 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
23,668
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
Frequently Asked Questions
What type of property is this?
Residential income property - Three-level condominium features a 12-foot living room, contemporary kitchen, and lower-level primary suite.
Where is this residential income property located?
The property is located at 1010 SPRUCE STREET Unit 1F Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,200.
What are key features of this property?
This property features: 1bed/1.5 bath condominium with 1,334 sq ft across 3 floors; Main living room features 12 ft ceilings, floor‑to‑ceiling windows, hardwood floors, and a fireplace; Lower‑level primary suite includes den/office area, tiled bathroom, walk‑in closet, and additional storage
