One-Bedroom Residential Income
For Sale
$699,000
1425 LOCUST STREET Unit 28A, Philadelphia, PA 19102
High-floor condominium with skyline views, flexible living space, secure storage, and full-service building amenities.
Property Size1,590 SF
Days on Market196
Property Features for 1425 LOCUST STREET Unit 28A
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,607
Amenities
24-hour concierge
Pet Spa
Resident's Lounge
billiards table
dining facilities
TV lounge
catering kitchen
Gym
Yoga Room
Guest Suite
Building Details
Building Size
1,590 SF
Year Built
1900
Construction
Art Deco
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Bryce Daniel Kubecka · License #RS341145
(215) 518-9750
Source:
Patmckennarealtors
Added: Apr 20
Changed: Oct 31
Last Checked: Oct 31 at 12:12AM
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 one-bedroom condominium occupies the 12th floor of the Aria, a 2008 Art Deco building. The residence features high ceilings, large windows, hardwood flooring, oversized closets with built-ins, and an open living area with room for multiple furniture arrangements. Its kitchen includes newer stainless steel appliances, under-cabinet lighting, granite countertops, subway tile, and an oversized breakfast bar. The bathroom offers marble counters and a tiled shower and tub combination. A separate secure storage unit is included with the sale.
Building services and amenities include 24-hour concierge coverage, a pet spa, resident lounge with billiards, dining facilities, television lounge, catering kitchen, gym, yoga room, and guest suite accommodations. The property is within walking distance of Suburban Station, City Hall, Market-East subway, Rittenhouse Square, restaurants, and theaters. The address is 1425 Locust Street, Unit 12E, Philadelphia, PA 19102.
Building services and amenities include 24-hour concierge coverage, a pet spa, resident lounge with billiards, dining facilities, television lounge, catering kitchen, gym, yoga room, and guest suite accommodations. The property is within walking distance of Suburban Station, City Hall, Market-East subway, Rittenhouse Square, restaurants, and theaters. The address is 1425 Locust Street, Unit 12E, Philadelphia, PA 19102.
Key Highlights
- 12th‑floor one‑bedroom condominium in the Aria
- 2008 Art Deco condominium building with 24‑hour concierge service
- Separate secure storage unit included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,010
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,200
$500.2K
Cap Rate 7%
$357,286
$357.3K
Cap Rate 9%
$277,889
$277.9K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$48.3K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.5K $28.60/SF
− OpEx
−$20.5K −$12.87/SF
NOI
$25.0K $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%
$500,200
Cap Rate 7%
$357,286
Cap Rate 9%
$277,889
Alternative Uses
Best Use
Apartment 5plus
$357.3K
$312.6K – $416.8K
NOI $25,010 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$387.6K
$339.2K – $452.2K
NOI $27,133 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
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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 - High-floor condominium with skyline views, flexible living space, secure storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 1425 LOCUST STREET Unit 28A Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 12th‑floor one‑bedroom condominium in the Aria; 2008 Art Deco condominium building with 24‑hour concierge service; Separate secure storage unit included with the sale
