One-Bedroom Residential Income
New
For Sale
$225,000
1100 S BROAD STREET Unit 706B, Philadelphia, PA 19146
South-facing condo with garage parking, updated finishes, in-unit laundry, and building amenities near public transit.
Property Size559 SF
Price / SF$401.79
Days on Market7
Property Features for 1100 S BROAD STREET Unit 706B
General Information
Standard status
Active
Size
559 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,399
Amenities
24/7 front desk
fitness center
central courtyard with koi pond
seasonal lounge area
dog play area
in-unit washer and dryer
assigned garage parking
Building Details
Building Size
559 SF
Year Built
1904
Year Renovated
2005
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Gregory M Eleftherakis · License #RS322562
(610) 717-8390
Source:
Patmckennarealtors
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 14 at 8:03AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This south-facing one-bedroom condominium provides approximately 560 square feet of living area with hardwood flooring, high ceilings, and oversized windows. The layout includes a galley kitchen with stainless steel appliances, ample cabinetry, and generous counter space. The bedroom has an ensuite bathroom with a walk-in shower and updated plumbing fixtures, while an oversized walk-in closet and additional storage closets add utility. In-unit laundry and assigned garage parking are included.
The residence is located in Marine Club, a 1904 building redeveloped as condominiums in 2005. Community features include a 24/7 front desk, on-site fitness center, central courtyard with a koi pond, seasonal lounge area, and dog play area. Grocery stores, retail shops, and public transit are within a short walk, with Center City and several South Philadelphia neighborhoods nearby.
The residence is located in Marine Club, a 1904 building redeveloped as condominiums in 2005. Community features include a 24/7 front desk, on-site fitness center, central courtyard with a koi pond, seasonal lounge area, and dog play area. Grocery stores, retail shops, and public transit are within a short walk, with Center City and several South Philadelphia neighborhoods nearby.
Key Highlights
- Approximately 560 square feet in a south‑facing one‑bedroom layout
- Assigned garage parking included with the residence
- Hardwood flooring, high ceilings, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$176,180
$176.2K
Cap Rate 7%
$125,843
$125.8K
Cap Rate 9%
$97,878
$97.9K
Market Conditions
NOI Build-Up for 560 SF
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.
Gross rent
$17.0K $30.36/SF
− Vacancy
−$986 −$1.76/SF
EGI
$16.0K $28.60/SF
− OpEx
−$7.2K −$12.87/SF
NOI
$8.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$176,180
Cap Rate 7%
$125,843
Cap Rate 9%
$97,878
Alternative Uses
Best Use
Apartment 5plus
$125.8K
$110.1K – $146.8K
NOI $8,809 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$136.5K
$119.5K – $159.3K
NOI $9,556 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing condo with garage parking, updated finishes, in-unit laundry, and building amenities near public transit.
Where is this residential income property located?
The property is located at 1100 S BROAD STREET Unit 706B Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Approximately 560 square feet in a south‑facing one‑bedroom layout; Assigned garage parking included with the residence; Hardwood flooring, high ceilings, and oversized windows
