4C Condo Unit with Two
For Sale
$530,000
122 NEW STREET Unit 4C, Philadelphia, PA 19106
Fourth-floor condo unit with two bedrooms and two full bathrooms, featuring an open layout and secure elevator access.
Property Size1,219 SF
Price / SF$434.78
Days on Market9
Property Features for 122 NEW STREET Unit 4C
General Information
Standard status
Active
Size
1,219 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Furnished
No
Public Transit
Yes
Multifamily Units
1
Amenities
in-unit laundry
private courtyard
outdoor common areas
Building Details
Building Size
1,219 SF
Year Built
2006
Listing Agency:
Keller Williams Real Estate - Newtown
(267) 974-1450
Listed By:
Thomas A. Greer · License #RS324020
(267) 974-1450
Source:
Patmckennarealtors
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 31 at 11:12AM
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 Keller Williams Real Estate - Newtown
Investment Insights
Based on property information with market context.
Welcome to Nouveau Condominiums, a professionally managed boutique condominium building offering secured elevator access and well-maintained common outdoor space. Unit 4C is a meticulously maintained fourth-floor residence with 2 bedrooms, 2 full bathrooms, and 1,219 square feet of thoughtfully designed living space. Large floor-to-ceiling windows bring in natural light and showcase tree-lined city views.
Inside, an open-concept layout connects the living room and dining area, with rich hardwood flooring throughout the living areas and bedrooms. The living room is anchored by a sleek electric fireplace that provides supplemental heat. Electric window shades offer privacy and convenience at the touch of a button.
The updated kitchen features white cabinetry, granite countertops, a large center island with seating, stainless steel appliances, designer tile backsplash, and recessed lighting. The primary suite includes generous closet space and an ensuite bathroom with a double vanity, frameless glass walk-in shower, and soaking tub. A second bedroom sits near the full hall bathroom, suitable for guests or flexible living.
Additional amenities include in-unit laundry and one assigned garage parking space. Residents also have access to a beautifully landscaped private courtyard and outdoor common areas wrapped around the building. Built in 2006, the property is located in the heart of Philadelphia’s Old City, with convenient access to Penn’s Landing, Race Street Pier, Cherry Street Pier, Independence Mall, and public transportation.
Inside, an open-concept layout connects the living room and dining area, with rich hardwood flooring throughout the living areas and bedrooms. The living room is anchored by a sleek electric fireplace that provides supplemental heat. Electric window shades offer privacy and convenience at the touch of a button.
The updated kitchen features white cabinetry, granite countertops, a large center island with seating, stainless steel appliances, designer tile backsplash, and recessed lighting. The primary suite includes generous closet space and an ensuite bathroom with a double vanity, frameless glass walk-in shower, and soaking tub. A second bedroom sits near the full hall bathroom, suitable for guests or flexible living.
Additional amenities include in-unit laundry and one assigned garage parking space. Residents also have access to a beautifully landscaped private courtyard and outdoor common areas wrapped around the building. Built in 2006, the property is located in the heart of Philadelphia’s Old City, with convenient access to Penn’s Landing, Race Street Pier, Cherry Street Pier, Independence Mall, and public transportation.
Key Highlights
- Fourth‑floor Unit 4C with 2 bedrooms and 2 full bathrooms
- 1,219 square feet with floor‑to‑ceiling windows and tree‑lined city views
- Open‑concept layout with rich hardwood flooring and electric fireplace with supplemental heat
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.0k | $30.36 |
| − Vacancy | −$2.1k | −$1.76 |
| EGI | $34.9k | $28.60 |
| − OpEx | −$15.7k | −$12.87 |
| NOI | $19.2k | $15.73 |
1,219 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$273.9K
$239.7K – $319.6K
NOI $19,174 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$297.2K
$260.0K – $346.7K
NOI $20,802 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,144
Businesses Nearby
Explore this area
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
$528,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fourth-floor condo unit with two bedrooms and two full bathrooms, featuring an open layout and secure elevator access.
Where is this residential income property located?
The property is located at 122 NEW STREET Unit 4C Philadelphia, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Fourth‑floor Unit 4C with 2 bedrooms and 2 full bathrooms; 1,219 square feet with floor‑to‑ceiling windows and tree‑lined city views; Open‑concept layout with rich hardwood flooring and electric fireplace with supplemental heat
