One-Bedroom High-Rise
For Sale
$230,000
1420 LOCUST STREET Unit 33R, Philadelphia, PA 19102
Well-maintained residential unit with a private terrace, elevator access, fitness center, and pool amenities.
Property Size717 SF
Days on Market55
Property Features for 1420 LOCUST STREET Unit 33R
General Information
Standard status
Active
Size
717 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,042
Amenities
private terrace
fitness center
endless pool
Building Details
Building Size
717 SF
Year Built
1977
Buildings
1
Listing Agency:
KW Empower
Listed By:
Gaurav Gambhir · License #AB067538
(267) 994-3870
Source:
Patmckennarealtors
Added: Sep 12
Changed: Oct 31
Last Checked: Nov 4 at 10:27PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom apartment is located on the 33rd floor of The Academy House, a high-rise residential building completed in 1977. The unit is described as well maintained and includes a private terrace, while the building provides elevator service and maintained common areas. Residents also have access to a fitness center and an endless pool.
The property is at 1420 Locust Street in Philadelphia’s Center City, placing it near dining, shopping, and entertainment. Public transportation options include multiple subway lines, regional rail, and PATCO, providing access throughout the area.
The property is at 1420 Locust Street in Philadelphia’s Center City, placing it near dining, shopping, and entertainment. Public transportation options include multiple subway lines, regional rail, and PATCO, providing access throughout the area.
Key Highlights
- One‑bedroom, one‑bathroom apartment on the 33rd floor
- The Academy House high‑rise was built in 1977
- Private terrace included with the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,278
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,560
$225.6K
Cap Rate 7%
$161,114
$161.1K
Cap Rate 9%
$125,311
$125.3K
Market Conditions
NOI Build-Up for 717 SF
Gross rent
$21.8K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$20.5K $28.60/SF
− OpEx
−$9.2K −$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%
$225,560
Cap Rate 7%
$161,114
Cap Rate 9%
$125,311
Alternative Uses
Best Use
Apartment 5plus
$161.1K
$141.0K – $188.0K
NOI $11,278 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$174.8K
$153.0K – $203.9K
NOI $12,236 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained residential unit with a private terrace, elevator access, fitness center, and pool amenities.
Where is this residential income property located?
The property is located at 1420 LOCUST STREET Unit 33R Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom apartment on the 33rd floor; The Academy House high‑rise was built in 1977; Private terrace included with the unit
