One-Bedroom Residential Income
For Sale
$284,900
1420 LOCUST STREET Unit 7D, Philadelphia, PA 19102
Updated interiors, a private terrace, and full-service building amenities define this Center City residence.
Property Size865 SF
Days on Market297
Property Features for 1420 LOCUST STREET Unit 7D
General Information
Standard status
Active
Size
865 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,268
Amenities
24-hour doorman
fitness and aquatic center
valet parking
in-unit washer/dryer
private terrace
Building Details
Building Size
865 SF
Year Built
1977
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Patmckennarealtors
Added: Jan 8
Changed: Oct 31
Last Checked: Nov 1 at 1:49PM
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 Allan Domb Real Estate
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Investment Insights
Based on property information with market context.
This one-bedroom, one-and-a-half-bathroom residence at Academy House features a foyer, open living and dining area, private terrace, and generous storage. The kitchen includes wood cabinetry, solid surface counters, a full appliance package, wood flooring, and a pass-through to the main living space. The bedroom offers substantial closet space, terrace access, and an ensuite bath with a tub shower, wood vanity, designer tile, and stacked washer and dryer. Herringbone hardwood flooring extends through the bedroom, dining area, and foyer, while a separate powder room serves guests.
Academy House was built in 1977 and provides a 24-hour doorman, fitness and aquatic center, and valet parking in the building garage for an additional monthly fee, subject to availability. The property is within walking distance of Rittenhouse Square, Washington Square, and the Broad Street and Market Street office corridors. Philadelphia International Airport and Amtrak's 30th Street Station are also accessible from the building.
Academy House was built in 1977 and provides a 24-hour doorman, fitness and aquatic center, and valet parking in the building garage for an additional monthly fee, subject to availability. The property is within walking distance of Rittenhouse Square, Washington Square, and the Broad Street and Market Street office corridors. Philadelphia International Airport and Amtrak's 30th Street Station are also accessible from the building.
Key Highlights
- One‑bedroom, one‑and‑a‑half‑bathroom residence with private terrace
- Updated kitchen with wood cabinetry, solid surface counters, appliances, and pass‑through
- Herringbone hardwood flooring in the bedroom, dining area, and foyer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,606
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,120
$272.1K
Cap Rate 7%
$194,371
$194.4K
Cap Rate 9%
$151,178
$151.2K
Market Conditions
NOI Build-Up for 865 SF
Gross rent
$26.3K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.7K $28.60/SF
− OpEx
−$11.1K −$12.87/SF
NOI
$13.6K $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%
$272,120
Cap Rate 7%
$194,371
Cap Rate 9%
$151,178
Alternative Uses
Best Use
Apartment 5plus
$194.4K
$170.1K – $226.8K
NOI $13,606 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$210.9K
$184.5K – $246.0K
NOI $14,761 @ 7.0% cap · market cap 5.18%
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
25,331
Businesses Nearby
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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 - Updated interiors, a private terrace, and full-service building amenities define this Center City residence.
Where is this residential income property located?
The property is located at 1420 LOCUST STREET Unit 7D Philadelphia, PA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: One‑bedroom, one‑and‑a‑half‑bathroom residence with private terrace; Updated kitchen with wood cabinetry, solid surface counters, appliances, and pass‑through; Herringbone hardwood flooring in the bedroom, dining area, and foyer
