Residential Income Property with Loft
New
For Sale
$312,999
122 CHESTNUT STREET Unit 301, Philadelphia, PA 19106
A one-bedroom home pairs exposed brick and timber beams with a separate bedroom and walk-in closet.
Property Size890 SF
Days on Market6
Property Features for 122 CHESTNUT STREET Unit 301
General Information
Standard status
Active
Size
890 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,146
Building Details
Building Size
890 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
Dina Patton · License #RS331428
(609) 315-4894
Source:
Patmckennarealtors
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 11:45PM
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 Empower
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Investment Insights
Based on property information with market context.
This one-bedroom loft residence at 122 Chestnut Street features an open living area, oak flooring, exposed brick and timber-beamed ceilings. Oversized, floor-to-ceiling windows are double-pane wood replacements with historic certification. The enclosed bedroom includes a walk-in closet with custom storage, while the galley kitchen has wood cabinetry, stone counters and a pass-through to the living area. The elevator-served building dates to 1900; parking is not included in the property.
The residence is in Philadelphia’s Old City, near the 2nd Street El station and about a block from Penn’s Landing. Independence Hall, the Liberty Bell, Elfreth’s Alley and the Museum of the American Revolution are among the nearby destinations. Restaurants, cafes, galleries and boutiques are located on surrounding blocks.
The residence is in Philadelphia’s Old City, near the 2nd Street El station and about a block from Penn’s Landing. Independence Hall, the Liberty Bell, Elfreth’s Alley and the Museum of the American Revolution are among the nearby destinations. Restaurants, cafes, galleries and boutiques are located on surrounding blocks.
Key Highlights
- One‑bedroom loft residence with open living area
- Timber‑beamed ceilings, exposed brick and diagonal oak flooring
- Enclosed bedroom with walk‑in closet and custom storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,999
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,980
$280.0K
Cap Rate 7%
$199,986
$200.0K
Cap Rate 9%
$155,544
$155.5K
Market Conditions
NOI Build-Up for 890 SF
Gross rent
$27.0K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.5K $28.60/SF
− OpEx
−$11.5K −$12.87/SF
NOI
$14.0K $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%
$279,980
Cap Rate 7%
$199,986
Cap Rate 9%
$155,544
Alternative Uses
Best Use
Apartment 5plus
$200.0K
$175.0K – $233.3K
NOI $13,999 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 4.85%
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
6,993
Businesses Nearby
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Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom home pairs exposed brick and timber beams with a separate bedroom and walk-in closet.
Where is this residential income property located?
The property is located at 122 CHESTNUT STREET Unit 301 Philadelphia, PA.
What is the asking price?
The asking price for this property is $312,999.
What are key features of this property?
This property features: One‑bedroom loft residence with open living area; Timber‑beamed ceilings, exposed brick and diagonal oak flooring; Enclosed bedroom with walk‑in closet and custom storage
