Residential Income Property with Private
For Sale
$335,000
1509 CHRISTIAN STREET Unit 2, Philadelphia, PA 19146
Second-floor condo with deeded parking, two bedrooms, central air, and a private outdoor area.
Property Size940 SF
Days on Market62
Property Features for 1509 CHRISTIAN STREET Unit 2
General Information
Standard status
Active
Size
940 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,318
Amenities
private deck
central air conditioning
dedicated washer and dryer in basement
additional storage
Building Details
Building Size
940 SF
Year Built
1900
Listing Agency:
Keller Williams Main Line
Listed By:
Adam Feine · License #RS336416
(215) 435-2544
Source:
Patmckennarealtors
Added: Aug 7
Changed: Oct 6
Last Checked: Oct 5 at 9:36PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
This second-floor condo combines an open living arrangement with practical residential features. The interior includes hardwood flooring, recessed lighting, oversized windows, and connected living and dining areas. Its kitchen is equipped with granite counters, stainless steel appliances, extensive cabinetry, and an island with seating. The primary bedroom opens onto a private deck, while the second bedroom can serve as an office, guest room, nursery, or exercise space. Central air conditioning, basement laundry, and additional storage are also included.
The property is located at 1509 Christian Street in Philadelphia, with deeded off-street parking and views toward Center City. Center City, Rittenhouse Square, Washington Avenue, and the Broad Street Line are identified as nearby destinations. Sprouts, Target, PetSmart, Christian Street Cafe, L'Anima, Starbucks, American Sardine Bar, the Christian Street YMCA, and Marian Anderson Recreation Center are also in the surrounding area.
The property is located at 1509 Christian Street in Philadelphia, with deeded off-street parking and views toward Center City. Center City, Rittenhouse Square, Washington Avenue, and the Broad Street Line are identified as nearby destinations. Sprouts, Target, PetSmart, Christian Street Cafe, L'Anima, Starbucks, American Sardine Bar, the Christian Street YMCA, and Marian Anderson Recreation Center are also in the surrounding area.
Key Highlights
- Second‑floor condo with two bedrooms and an open living and dining arrangement
- Private deck accessed directly from the primary bedroom
- Deeded off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,786
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,720
$295.7K
Cap Rate 7%
$211,229
$211.2K
Cap Rate 9%
$164,289
$164.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$28.5K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$26.9K $28.60/SF
− OpEx
−$12.1K −$12.87/SF
NOI
$14.8K $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%
$295,720
Cap Rate 7%
$211,229
Cap Rate 9%
$164,289
Alternative Uses
Best Use
Apartment 5plus
$211.2K
$184.8K – $246.4K
NOI $14,786 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$229.2K
$200.5K – $267.4K
NOI $16,041 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,636
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condo with deeded parking, two bedrooms, central air, and a private outdoor area.
Where is this residential income property located?
The property is located at 1509 CHRISTIAN STREET Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Second‑floor condo with two bedrooms and an open living and dining arrangement; Private deck accessed directly from the primary bedroom; Deeded off‑street parking included
