Residential Income Property with
New
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 Market7
Property Features for 1425 LOCUST STREET Unit 4F
General Information
Standard status
Active
Size
969 SF
Property subtype
Unit/Flat/Apartment
Site & Location
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: Sep 4
Last Checked: Sep 8 at 11:17AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,242
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
