Bi-Level Residential
New
For Sale
$535,000
131 N BREAD STREET Unit 2B3, Philadelphia, PA 19106
A two-level home in a gated community includes assigned garage parking, elevator access, and in-unit laundry.
Property Size1,320 SF
Days on Market3
Property Features for 131 N BREAD STREET Unit 2B3
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,299
Amenities
gated community
in-unit laundry
smart home technology
custom walk-in closet
Building Details
Building Size
1,320 SF
Year Built
2006
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Bradley Button · License #RS326935
(323) 243-6689
Source:
Patmckennarealtors
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 4 at 2:52PM
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
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Investment Insights
Based on property information with market context.
This 2006 bi-level residence has an open living and dining area, a renovated kitchen, and a powder room on the main level. Upstairs are a primary suite with a custom walk-in closet and a second bedroom with its own bathroom. The unit also includes in-home laundry and smart controls for the entry lock, thermostat, ceiling fans, and kitchen cabinet lighting. HVAC, water heater, refrigerator, washer, dryer, and dishwasher were replaced in 2025–2026.
The gated community is in Philadelphia’s Old City, near groceries, gyms, restaurants, cafes, bars, museums, galleries, and historic sites. Bus and subway stops are nearby, with access to the Ben Franklin Bridge and I-95. An assigned garage parking space and elevator access are also part of the property.
The gated community is in Philadelphia’s Old City, near groceries, gyms, restaurants, cafes, bars, museums, galleries, and historic sites. Bus and subway stops are nearby, with access to the Ben Franklin Bridge and I-95. An assigned garage parking space and elevator access are also part of the property.
Key Highlights
- Bi‑level layout with a primary suite and a second bedroom with its own bathroom
- Renovated kitchen with quartz counters, white shaker cabinetry, lighting, and stainless steel appliances
- HVAC, water heater, refrigerator, washer, dryer, and dishwasher replaced in 2025–2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,763
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,260
$415.3K
Cap Rate 7%
$296,614
$296.6K
Cap Rate 9%
$230,700
$230.7K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$40.1K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.8K $28.60/SF
− OpEx
−$17.0K −$12.87/SF
NOI
$20.8K $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%
$415,260
Cap Rate 7%
$296,614
Cap Rate 9%
$230,700
Alternative Uses
Best Use
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,253
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level home in a gated community includes assigned garage parking, elevator access, and in-unit laundry.
Where is this residential income property located?
The property is located at 131 N BREAD STREET Unit 2B3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Bi‑level layout with a primary suite and a second bedroom with its own bathroom; Renovated kitchen with quartz counters, white shaker cabinetry, lighting, and stainless steel appliances; HVAC, water heater, refrigerator, washer, dryer, and dishwasher replaced in 2025–2026
