One-Bedroom Residential
For Sale
$194,900
1324 LOCUST STREET Unit 1101, Philadelphia, PA 19107
Condominium fees cover utilities, internet service, and fitness center access.
Property Size719 SF
Price / SF$271.07
Days on Market78
Property Features for 1324 LOCUST STREET Unit 1101
General Information
Standard status
Active
Size
719 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,078
Amenities
24-hour lobby attendant
fitness center
Building Details
Building Size
719 SF
Year Built
1900
Listing Agency:
Realty Mark Associates
Listed By:
Beth Anne Seravalli · License #RS206905L
(215) 840-1649
Source:
Wagnerrealestate
Added: Aug 19
Changed: Nov 2
Last Checked: Nov 4 at 9:08AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This 719-square-foot condominium has one bedroom, two full bathrooms, and a kitchen equipped with granite countertops, a microwave, and a full-size refrigerator. The building dates to 1900 and has a staffed lobby around the clock.
The unit is steps from theaters on Avenue of the Arts and Rittenhouse Square. Condominium fees include Comcast internet, electricity, water, heat, and fitness center access.
The unit is steps from theaters on Avenue of the Arts and Rittenhouse Square. Condominium fees include Comcast internet, electricity, water, heat, and fitness center access.
Key Highlights
- One bedroom and two full bathrooms in 719 square feet
- Condominium fees include Comcast internet, electricity, water, heat, and fitness center access
- Lobby attendant available 24 hours
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,310
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,200
$226.2K
Cap Rate 7%
$161,571
$161.6K
Cap Rate 9%
$125,667
$125.7K
Market Conditions
NOI Build-Up for 719 SF
Gross rent
$21.8K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$20.6K $28.60/SF
− OpEx
−$9.3K −$12.87/SF
NOI
$11.3K $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%
$226,200
Cap Rate 7%
$161,571
Cap Rate 9%
$125,667
Alternative Uses
Best Use
Apartment 5plus
$161.6K
$141.4K – $188.5K
NOI $11,310 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$175.3K
$153.4K – $204.5K
NOI $12,270 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
26,359
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium fees cover utilities, internet service, and fitness center access.
Where is this residential income property located?
The property is located at 1324 LOCUST STREET Unit 1101 Philadelphia, PA.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: One bedroom and two full bathrooms in 719 square feet; Condominium fees include Comcast internet, electricity, water, heat, and fitness center access; Lobby attendant available 24 hours
