Top-Floor Residential Income
For Sale
$387,500
102-22 CHURCH STREET Unit 501, Philadelphia, PA 19106
Two-bedroom, two-bath residence with updated kitchen and access to two rooftop decks in an elevator building.
Property Size949 SF
Days on Market74
Property Features for 102-22 CHURCH STREET Unit 501
General Information
Standard status
Active
Size
949 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wister
Taxes and HOA fees
Annual Taxes
$4,647
Building Details
Building Size
949 SF
Year Built
1880
Listing Agency:
Keller Williams Real Estate - Media
Listed By:
Stephen Paul Stout · License #RS340114
(858) 449-1569
Source:
Patmckennarealtors
Added: Aug 20
Changed: Oct 31
Last Checked: Oct 30 at 8:30PM
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 Keller Williams Real Estate - Media
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor residential income property is configured with two bedrooms and two full bathrooms, including a primary suite with a private bathroom. The interior includes an updated kitchen with stainless steel appliances and subway tile backsplash. Located in an elevator building, the residence also provides nearly private access to two separate rooftop decks for outdoor use and city views. The building dates to 1880.
The property is at 102-22 Church Street in Philadelphia’s Historic Old City, on a cobblestone street within walking distance of Penn’s Landing. Restaurants, cafes, galleries, historic landmarks, shopping, nightlife, and other city attractions are also nearby. The Park at Penn’s Landing and I-95 cap project is planned to add pedestrian connections, green space, and park amenities along the waterfront.
The property is at 102-22 Church Street in Philadelphia’s Historic Old City, on a cobblestone street within walking distance of Penn’s Landing. Restaurants, cafes, galleries, historic landmarks, shopping, nightlife, and other city attractions are also nearby. The Park at Penn’s Landing and I-95 cap project is planned to add pedestrian connections, green space, and park amenities along the waterfront.
Key Highlights
- Top‑floor residence in an elevator building
- Two bedrooms and two full bathrooms
- Primary bedroom includes an en‑suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,927
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,540
$298.5K
Cap Rate 7%
$213,243
$213.2K
Cap Rate 9%
$165,856
$165.9K
Market Conditions
NOI Build-Up for 949 SF
Gross rent
$28.8K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.1K $28.60/SF
− OpEx
−$12.2K −$12.87/SF
NOI
$14.9K $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%
$298,540
Cap Rate 7%
$213,243
Cap Rate 9%
$165,856
Alternative Uses
Best Use
Apartment 5plus
$213.2K
$186.6K – $248.8K
NOI $14,927 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$231.4K
$202.4K – $269.9K
NOI $16,195 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with updated kitchen and access to two rooftop decks in an elevator building.
Where is this residential income property located?
The property is located at 102-22 CHURCH STREET Unit 501 Philadelphia, PA.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Top‑floor residence in an elevator building; Two bedrooms and two full bathrooms; Primary bedroom includes an en‑suite bath
