Residential Income
For Sale
$95,000
118 S 21ST STREET Unit 1002, Philadelphia, PA 19103
Cooperative residence with an open layout, full-service building amenities, and a central Rittenhouse Square setting.
Property Size521 SF
Price / SF$182.34
Days on Market51
Property Features for 118 S 21ST STREET Unit 1002
General Information
Standard status
Active
Size
521 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
24-hour security and doorman
on-site management and maintenance
rooftop garden and sun deck
laundry facilities
bike rooms
guest suite
valet parking available
Building Details
Building Size
521 SF
Year Built
1954
Listing Agency:
KW Main Line - Narberth
Listed By:
Damon C. Michels · License #AB067731
(610) 731-9300
Source:
Patmckennarealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 23 at 2:17PM
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 KW Main Line - Narberth
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Investment Insights
Based on property information with market context.
This cooperative residence at 2101 Cooperative offers 521 square feet with one bedroom, one full bathroom, and an open floor plan. Built in 1954, the unit includes a living area, bedroom, and bathroom and is offered for cash purchase only. Renting is not permitted.
Building services and amenities include 24-hour security, doorman service, on-site management and maintenance, laundry facilities, bike rooms, a guest suite, and a rooftop garden with sun deck and city views. The monthly cooperative fee covers electric, heat, air conditioning, water, basic cable, real estate taxes, and the building maintenance package. The property is located at 21st and Walnut Streets near Rittenhouse Square, Center City restaurants, shopping, cultural attractions, parks, and public transportation.
Building services and amenities include 24-hour security, doorman service, on-site management and maintenance, laundry facilities, bike rooms, a guest suite, and a rooftop garden with sun deck and city views. The monthly cooperative fee covers electric, heat, air conditioning, water, basic cable, real estate taxes, and the building maintenance package. The property is located at 21st and Walnut Streets near Rittenhouse Square, Center City restaurants, shopping, cultural attractions, parks, and public transportation.
Key Highlights
- 521 SF cooperative residence with 1 bedroom and 1 full bathroom
- Open floor plan with separate living area and bedroom
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,195
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,900
$163.9K
Cap Rate 7%
$117,071
$117.1K
Cap Rate 9%
$91,056
$91.1K
Market Conditions
NOI Build-Up for 521 SF
Gross rent
$15.8K $30.36/SF
− Vacancy
−$917 −$1.76/SF
EGI
$14.9K $28.60/SF
− OpEx
−$6.7K −$12.87/SF
NOI
$8.2K $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%
$163,900
Cap Rate 7%
$117,071
Cap Rate 9%
$91,056
Alternative Uses
Best Use
Apartment 5plus
$117.1K
$102.4K – $136.6K
NOI $8,195 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$127.0K
$111.1K – $148.2K
NOI $8,891 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative residence with an open layout, full-service building amenities, and a central Rittenhouse Square setting.
Where is this residential income property located?
The property is located at 118 S 21ST STREET Unit 1002 Philadelphia, PA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 521 SF cooperative residence with 1 bedroom and 1 full bathroom; Open floor plan with separate living area and bedroom; Built in 1954
