Residential Income Property with
For Sale
$365,000
Pending
1238 CALLOWHILL STREET Unit 605, Philadelphia, PA 19123
A one-bedroom loft residence pairs an open living area with substantial built-in storage and access to a renovated roof deck.
Property Size1,315 SF
Days on Market31
Property Features for 1238 CALLOWHILL STREET Unit 605
General Information
Standard status
Pending
Size
1,315 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Callowhill
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,589
Amenities
wood-burning fireplace
in-unit washer/dryer
roof deck
custom closets with built-ins
sliding ladder
granite countertops
stainless steel appliances
vent hood
glass partition wall
walk-in closet
Building Details
Building Size
1,315 SF
Year Built
1900
Construction
Beaux Arts
Listing Agency:
Duffy Real Estate-Narberth
Listed By:
John S Duffy · License #AB067780
(610) 667-6655
Source:
Patmckennarealtors
Added: Oct 2
Changed: Oct 31
Last Checked: Nov 1 at 2:19PM
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 Duffy Real Estate-Narberth
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom residence is in the Beaux Arts Loft building, constructed in 1900. Its open living area features high ceilings, hardwood floors, oversized windows and a wood-burning fireplace. The kitchen has granite countertops, stainless steel appliances and cabinetry, while the bathroom includes a shower and tub combination and an in-unit stacked washer and dryer. Storage includes a walk-in closet, three custom closets with built-ins and additional overhead space accessed by a sliding ladder. A glass partition separates the bedroom from the living area while allowing light to pass through.
The building’s renovated roof deck offers multiple gathering areas and broad views of the Philadelphia skyline. The residence also has views of William Penn atop City Hall. It is in Philadelphia’s Loft District, near City Hall, Chinatown and PAFA.
The building’s renovated roof deck offers multiple gathering areas and broad views of the Philadelphia skyline. The residence also has views of William Penn atop City Hall. It is in Philadelphia’s Loft District, near City Hall, Chinatown and PAFA.
Key Highlights
- One bedroom and one bathroom in the Beaux Arts Loft building, constructed in 1900
- Wood‑burning fireplace, high ceilings, oversized windows and hardwood floors
- Kitchen with granite countertops, stainless steel appliances and exterior‑venting range hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,684
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,680
$413.7K
Cap Rate 7%
$295,486
$295.5K
Cap Rate 9%
$229,822
$229.8K
Market Conditions
NOI Build-Up for 1,315 SF
Gross rent
$39.9K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.6K $28.60/SF
− OpEx
−$16.9K −$12.87/SF
NOI
$20.7K $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 Rate 5%
$413,680
Cap Rate 7%
$295,486
Cap Rate 9%
$229,822
Alternative Uses
Best Use
Apartment 5plus
$295.5K
$258.6K – $344.7K
NOI $20,684 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$320.6K
$280.5K – $374.0K
NOI $22,440 @ 7.0% cap · market cap 6.15%
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
11,041
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 - A one-bedroom loft residence pairs an open living area with substantial built-in storage and access to a renovated roof deck.
Where is this residential income property located?
The property is located at 1238 CALLOWHILL STREET Unit 605 Philadelphia, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: One bedroom and one bathroom in the Beaux Arts Loft building, constructed in 1900; Wood‑burning fireplace, high ceilings, oversized windows and hardwood floors; Kitchen with granite countertops, stainless steel appliances and exterior‑venting range hood
