Two-Level Residential Income
For Sale
$399,000
1109 SOUTH STREET Unit A, Philadelphia, PA 19147
Condominium offering private outdoor space and dedicated gated parking.
Property Size988 SF
Days on Market54
Property Features for 1109 SOUTH STREET Unit A
General Information
Standard status
Active
Size
988 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Hawthorne
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,016
Amenities
patio
washer/dryer
Building Details
Building Size
988 SF
Year Built
1990
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Marc A. Hammarberg · License #AB067991
(215) 790-5501
Source:
Patmckennarealtors
Added: Sep 9
Changed: Oct 31
Last Checked: Oct 30 at 7:44PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit A is a two-level condominium with a two-bedroom, two-bathroom layout. The main floor combines the kitchen, dining area, and living room, with doors opening to a south-facing patio. Additional storage is provided by a large closet on this level.
Both bedrooms and the two full bathrooms are located downstairs, along with a washer and dryer. The property includes assigned gated parking space #15 in the rear parking area, positioned near the rear entrance. Built in 1990, the home is located near the Italian Market, Midtown Village, South Street, Avenue of the Arts, and Center City, with cafes, restaurants, supermarkets, theaters, and other neighborhood destinations nearby.
Both bedrooms and the two full bathrooms are located downstairs, along with a washer and dryer. The property includes assigned gated parking space #15 in the rear parking area, positioned near the rear entrance. Built in 1990, the home is located near the Italian Market, Midtown Village, South Street, Avenue of the Arts, and Center City, with cafes, restaurants, supermarkets, theaters, and other neighborhood destinations nearby.
Key Highlights
- Two‑level condominium with 2 bedrooms and 2 full bathrooms
- South‑facing private patio accessed from the living room
- Assigned gated parking space #15
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,541
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,820
$310.8K
Cap Rate 7%
$222,014
$222.0K
Cap Rate 9%
$172,678
$172.7K
Market Conditions
NOI Build-Up for 988 SF
Gross rent
$30.0K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$28.3K $28.60/SF
− OpEx
−$12.7K −$12.87/SF
NOI
$15.5K $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%
$310,820
Cap Rate 7%
$222,014
Cap Rate 9%
$172,678
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.3K – $259.0K
NOI $15,541 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$240.9K
$210.8K – $281.0K
NOI $16,860 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
19,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offering private outdoor space and dedicated gated parking.
Where is this residential income property located?
The property is located at 1109 SOUTH STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑level condominium with 2 bedrooms and 2 full bathrooms; South‑facing private patio accessed from the living room; Assigned gated parking space #15
