Corner Loft Residential Income
For Sale
$189,000
1238 CALLOWHILL STREET Unit 101, Philadelphia, PA 19123
Sunlit corner unit with hardwood floors, flexible living space, and in-unit laundry.
Property Size583 SF
Days on Market136
Property Features for 1238 CALLOWHILL STREET Unit 101
General Information
Standard status
Active
Size
583 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Callowhill
Taxes and HOA fees
Annual Taxes
$2,463
Building Details
Building Size
583 SF
Year Built
1900
Listing Agency:
Innovate Real Estate
Listed By:
Ronald Monroe II · License #RS379970
(215) 817-4798
Source:
Patmckennarealtors
Added: Jun 19
Changed: Oct 31
Last Checked: Nov 1 at 12:11PM
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 Innovate Real Estate
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Investment Insights
Based on property information with market context.
This corner loft combines an open interior arrangement with distinctive original-style proportions, including 10 oversized windows, 12-foot ceilings, and hardwood floors throughout. The kitchen is fitted with stainless steel appliances and generous granite counter space, opening to areas for dining, lounging, and an office or den. The bedroom includes a full wall of closets, while the bathroom contains a washer/dryer. Forced air and central A/C are also provided.
Built in 1900, the building offers a communal roof deck with 360-degree city views and a passenger elevator. The property is located at 1238 Callowhill Street #308 in Philadelphia, with City Hall less than a 10-minute walk away. The Broad Street Subway is a few blocks from the building, and bike lanes on 13th Street and Spring Garden Street provide additional transportation access.
Built in 1900, the building offers a communal roof deck with 360-degree city views and a passenger elevator. The property is located at 1238 Callowhill Street #308 in Philadelphia, with City Hall less than a 10-minute walk away. The Broad Street Subway is a few blocks from the building, and bike lanes on 13th Street and Spring Garden Street provide additional transportation access.
Key Highlights
- Corner loft with 10 oversized windows and 12‑foot ceilings
- Hardwood floors throughout the unit
- Kitchen with stainless steel appliances and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,170
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,400
$183.4K
Cap Rate 7%
$131,000
$131.0K
Cap Rate 9%
$101,889
$101.9K
Market Conditions
NOI Build-Up for 583 SF
Gross rent
$17.7K $30.36/SF
− Vacancy
−$1.0K −$1.76/SF
EGI
$16.7K $28.60/SF
− OpEx
−$7.5K −$12.87/SF
NOI
$9.2K $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%
$183,400
Cap Rate 7%
$131,000
Cap Rate 9%
$101,889
Alternative Uses
Best Use
Apartment 5plus
$131.0K
$114.6K – $152.8K
NOI $9,170 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$142.1K
$124.4K – $165.8K
NOI $9,949 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
11,041
Businesses Nearby
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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 - Sunlit corner unit with hardwood floors, flexible living space, and in-unit laundry.
Where is this residential income property located?
The property is located at 1238 CALLOWHILL STREET Unit 101 Philadelphia, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Corner loft with 10 oversized windows and 12‑foot ceilings; Hardwood floors throughout the unit; Kitchen with stainless steel appliances and granite counters
