Residential Condominium
For Sale
$89,900
1324 LOCUST STREET Unit 1202, Philadelphia, PA 19107
Building amenities include concierge service, fitness facilities, laundry, meeting space, and a community room.
Property Size322 SF
Days on Market10
Property Features for 1324 LOCUST STREET Unit 1202
General Information
Standard status
Active
Size
322 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,206
Amenities
Rec. Center Cable
Community Center
Concierge
Exercise Room
Fitness Center
Laundry Facilities
Meeting Room
Security
lobby
Building Details
Building Size
322 SF
Year Built
1900
Listing Agency:
Century 21 Advantage Gold-South Philadelphia
Listed By:
Christopher M Boyle · License #RS315984
(215) 407-0323
Source:
Patmckennarealtors
Added: Oct 23
Changed: Oct 31
Last Checked: Nov 1 at 12:00PM
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 Century 21 Advantage Gold-South Philadelphia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium residence is within the Arts Condominiums, a building constructed in 1900. Shared amenities include a concierge, elevator, fitness and recreation facilities, laundry, a meeting room, security, cable service, and a community room with a lobby lounge.
The property is in Philadelphia’s Center City, in the Avenue of the Arts area. Dining establishments and traditional pubs are located nearby.
The property is in Philadelphia’s Center City, in the Avenue of the Arts area. Dining establishments and traditional pubs are located nearby.
Key Highlights
- Arts Condominiums residence in Philadelphia’s Center City
- Building dates to 1900
- On‑site concierge, elevator, security, and lobby lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,065
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,300
$101.3K
Cap Rate 7%
$72,357
$72.4K
Cap Rate 9%
$56,278
$56.3K
Market Conditions
NOI Build-Up for 322 SF
Gross rent
$9.8K $30.36/SF
− Vacancy
−$567 −$1.76/SF
EGI
$9.2K $28.60/SF
− OpEx
−$4.1K −$12.87/SF
NOI
$5.1K $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%
$101,300
Cap Rate 7%
$72,357
Cap Rate 9%
$56,278
Alternative Uses
Best Use
Apartment 5plus
$72.4K
$63.3K – $84.4K
NOI $5,065 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$78.5K
$68.7K – $91.6K
NOI $5,495 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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 - Building amenities include concierge service, fitness facilities, laundry, meeting space, and a community room.
Where is this residential income property located?
The property is located at 1324 LOCUST STREET Unit 1202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: Arts Condominiums residence in Philadelphia’s Center City; Building dates to 1900; On‑site concierge, elevator, security, and lobby lounge
