One-Bedroom Loft Residential
New
For Sale
$360,000
1210 BUTTONWOOD STREET Unit 301, Philadelphia, PA 19123
Corner loft residence with original finishes, flexible living space, private storage, and assigned parking in a gated lot.
Property Size1,063 SF
Days on Market3
Property Features for 1210 BUTTONWOOD STREET Unit 301
General Information
Standard status
Active
Size
1,063 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,672
Amenities
kitchen island
in-unit washer/dryer
basement storage unit
Building Details
Building Size
1,063 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Gregory M Eleftherakis · License #RS322562
(610) 717-8390
Source:
Patmckennarealtors
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 20 at 12:00PM
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.
Unit 301 is a one-bedroom corner residence within a former artist materials warehouse converted into loft-style housing. The interior combines living, dining, and kitchen areas in an open layout, with original hardwood flooring, painted brick, exposed wood beams, 10.5-foot ceilings, and oversized windows facing south and west. The kitchen provides extensive cabinetry, generous work surfaces, a farmhouse sink, movable stainless steel island, and gas cooking. A pass-through bathroom connects the entry hall and bedroom area and includes a tub/shower combination. An in-unit washer and dryer are located in a hallway closet.
The property includes one basement storage unit and one assigned parking space in a secure gated lot. The surrounding area offers access to The Rail Park, nearby dining and beverage venues, music destinations, grocery shopping, Reading Terminal Market, public bus routes, and the Spring Garden Subway Station on the Broad Street Line. The building dates to 1900.
The property includes one basement storage unit and one assigned parking space in a secure gated lot. The surrounding area offers access to The Rail Park, nearby dining and beverage venues, music destinations, grocery shopping, Reading Terminal Market, public bus routes, and the Spring Garden Subway Station on the Broad Street Line. The building dates to 1900.
Key Highlights
- One‑bedroom corner loft residence in a former artist materials warehouse
- Original hardwood floors, painted brick, exposed wood beams, and 10.5' ceilings
- South- and west‑facing 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
$16,720
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
4.64%
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%
$334,400
$334.4K
Cap Rate 7%
$238,857
$238.9K
Cap Rate 9%
$185,778
$185.8K
Market Conditions
NOI Build-Up for 1,063 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
$32.3K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.4K $28.60/SF
− OpEx
−$13.7K −$12.87/SF
NOI
$16.7K $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%
$334,400
Cap Rate 7%
$238,857
Cap Rate 9%
$185,778
Alternative Uses
Best Use
Apartment 5plus
$238.9K
$209.0K – $278.7K
NOI $16,720 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$259.1K
$226.8K – $302.3K
NOI $18,140 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11,041
Businesses Nearby
Explore this area
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 - Corner loft residence with original finishes, flexible living space, private storage, and assigned parking in a gated lot.
Where is this residential income property located?
The property is located at 1210 BUTTONWOOD STREET Unit 301 Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: One‑bedroom corner loft residence in a former artist materials warehouse; Original hardwood floors, painted brick, exposed wood beams, and 10.5' ceilings; South- and west‑facing oversized windows
