Bi-Level Loft Income
For Sale
$369,000
Pending
1201 FITZWATER STREET Unit 305, Philadelphia, PA 19147
One-bedroom condo with elevated ceilings, abundant glazing, and a private assigned parking space.
Property Size855 SF
Days on Market81
Property Features for 1201 FITZWATER STREET Unit 305
General Information
Standard status
Pending
Size
855 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Hawthorne
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,412
Amenities
fitness center
sauna
locker rooms
clubroom
pool table
rooftop deck
complimentary laundry
Building Details
Building Size
855 SF
Year Built
1907
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Kristopher A Barillas · License #RS326852
(215) 485-8946
Source:
Patmckennarealtors
Added: Aug 13
Changed: Oct 31
Last Checked: Nov 1 at 12:35PM
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-Center City Walnut
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Investment Insights
Based on property information with market context.
This 617-square-foot, one-bedroom condominium occupies a bi-level loft layout in the Hawthorne Lofts building. The residence features a double-height living area, a mezzanine-style bedroom, hardwood flooring, large windows, and a kitchen equipped with stainless steel appliances. Privacy is enhanced by the absence of adjoining units on either side. The property dates to 1900.
Shared amenities include a fitness center with saunas and locker rooms, a resident clubroom with billiards and television seating, and complimentary laundry facilities with high-efficiency, large-capacity machines. An expansive rooftop deck provides 360-degree city views. The unit includes one gated, assigned parking space and is located at 1201 Fitzwater Street #304 in Philadelphia, Pennsylvania.
Shared amenities include a fitness center with saunas and locker rooms, a resident clubroom with billiards and television seating, and complimentary laundry facilities with high-efficiency, large-capacity machines. An expansive rooftop deck provides 360-degree city views. The unit includes one gated, assigned parking space and is located at 1201 Fitzwater Street #304 in Philadelphia, Pennsylvania.
Key Highlights
- 617‑square‑foot one‑bedroom bi‑level loft condominium
- Double‑height living room, hardwood floors, and stainless steel kitchen appliances
- No neighboring units on either side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,449
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,980
$269.0K
Cap Rate 7%
$192,129
$192.1K
Cap Rate 9%
$149,433
$149.4K
Market Conditions
NOI Build-Up for 855 SF
Gross rent
$26.0K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.5K $28.60/SF
− OpEx
−$11.0K −$12.87/SF
NOI
$13.4K $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%
$268,980
Cap Rate 7%
$192,129
Cap Rate 9%
$149,433
Alternative Uses
Best Use
Apartment 5plus
$192.1K
$168.1K – $224.2K
NOI $13,449 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$208.4K
$182.4K – $243.2K
NOI $14,590 @ 7.0% cap · market cap 3.95%
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
11,176
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo with elevated ceilings, abundant glazing, and a private assigned parking space.
Where is this residential income property located?
The property is located at 1201 FITZWATER STREET Unit 305 Philadelphia, PA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 617‑square‑foot one‑bedroom bi‑level loft condominium; Double‑height living room, hardwood floors, and stainless steel kitchen appliances; No neighboring units on either side
