Residential Income Property with
For Sale
$195,000
1425 LOCUST STREET Unit 4F, Philadelphia, PA 19102
Maintained condominium residence with high ceilings, hardwood floors, and a flexible bonus room for dining, office, or den use.
Property Size969 SF
Days on Market61
Property Features for 1425 LOCUST STREET Unit 4F
General Information
Standard status
Active
Size
969 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,477
Amenities
24-hour concierge
fitness center
resident lounge
business center
guest suite
bike storage
Building Details
Building Size
969 SF
Year Built
1900
Listing Agency:
Kurfiss Sotheby's International Realty
Listed By:
Juliana Martell · License #AB069391
(856) 366-0224
Source:
Patmckennarealtors
Added: Sep 2
Changed: Oct 31
Last Checked: Oct 30 at 11:02PM
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 Kurfiss Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This maintained residential income property at Aria Condominiums offers a one-bedroom-plus-den layout with high ceilings, hardwood flooring, and a spacious living area. The kitchen includes granite countertops, stainless steel appliances, ample cabinetry, and a gas range. A flexible bonus room can function as a dining area, home office, or den, while the bedroom features a walk-in closet. The bathroom has marble finishes, substantial storage, and a soaking tub.
Building amenities include 24-hour concierge service, a fitness center, resident lounge, business center, guest suite, and bike storage. The property is located in Center City near dining, shopping, cultural venues, and Rittenhouse Square, with access to SEPTA, regional rail, and major highways. Aria Condominiums was built in 1900.
Building amenities include 24-hour concierge service, a fitness center, resident lounge, business center, guest suite, and bike storage. The property is located in Center City near dining, shopping, cultural venues, and Rittenhouse Square, with access to SEPTA, regional rail, and major highways. Aria Condominiums was built in 1900.
Key Highlights
- One‑bedroom‑plus‑den condominium layout
- High ceilings and hardwood floors
- Kitchen with granite countertops, stainless steel appliances, and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,242
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,840
$304.8K
Cap Rate 7%
$217,743
$217.7K
Cap Rate 9%
$169,356
$169.4K
Market Conditions
NOI Build-Up for 969 SF
Gross rent
$29.4K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.7K $28.60/SF
− OpEx
−$12.5K −$12.87/SF
NOI
$15.2K $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%
$304,840
Cap Rate 7%
$217,743
Cap Rate 9%
$169,356
Alternative Uses
Best Use
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,242 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,536 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - Maintained condominium residence with high ceilings, hardwood floors, and a flexible bonus room for dining, office, or den use.
Where is this residential income property located?
The property is located at 1425 LOCUST STREET Unit 4F Philadelphia, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: One‑bedroom‑plus‑den condominium layout; High ceilings and hardwood floors; Kitchen with granite countertops, stainless steel appliances, and gas range
