Two-Bedroom Residential Income
For Sale
$599,999
1116 BODINE STREET Unit B, Philadelphia, PA 19123
Detached condo with a private roof deck, open living areas, and central HVAC in a walkable urban setting.
Property Size1,710 SF
Days on Market50
Property Features for 1116 BODINE STREET Unit B
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Pennsport
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,150
Amenities
roof deck
Building Details
Building Size
1,710 SF
Year Built
2011
Listing Agency:
Coldwell Banker Realty
Listed By:
Keith M Stallone · License #RS326084
(267) 606-8502
Source:
Patmckennarealtors
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 4 at 6:50PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom detached condominium offers over 1,700 square feet of living space with an open layout, 9-foot-plus ceilings, hardwood flooring, and custom interior finishes. The kitchen includes stainless steel appliances, tailored cabinetry, quartz counters, and a waterfall island. The primary suite has a walk-in closet and ensuite bath with a glass shower, dual vanities, and marble tile. A second bedroom connects to a Jack-and-Jill bathroom with dual vanities, marble finishes, and a soaking tub.
A private roof deck provides skyline views, while the residence also features central HVAC and one-floor living. The property was built in 2011 and carries an active tax abatement. It is positioned on a quiet, low-traffic block near the dining, shopping, and nightlife of Northern Liberties and Fishtown in Philadelphia.
A private roof deck provides skyline views, while the residence also features central HVAC and one-floor living. The property was built in 2011 and carries an active tax abatement. It is positioned on a quiet, low-traffic block near the dining, shopping, and nightlife of Northern Liberties and Fishtown in Philadelphia.
Key Highlights
- 2‑bedroom, 2‑bathroom detached condo with over 1,700 square feet
- Private roof deck with skyline views
- 9‑foot‑plus ceilings, hardwood flooring, and custom interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,897
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,940
$537.9K
Cap Rate 7%
$384,243
$384.2K
Cap Rate 9%
$298,856
$298.9K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$51.9K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.9K $28.60/SF
− OpEx
−$22.0K −$12.87/SF
NOI
$26.9K $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%
$537,940
Cap Rate 7%
$384,243
Cap Rate 9%
$298,856
Alternative Uses
Best Use
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,181 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,598
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Detached condo with a private roof deck, open living areas, and central HVAC in a walkable urban setting.
Where is this residential income property located?
The property is located at 1116 BODINE STREET Unit B Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom detached condo with over 1,700 square feet; Private roof deck with skyline views; 9‑foot‑plus ceilings, hardwood flooring, and custom interior finishes
