Residential Income Property with
For Sale
$420,000
1513 CHRISTIAN STREET #4, Philadelphia, PA 19146
Two-bedroom, two-bath condominium unit with contemporary finishes, rooftop skyline views, and included garage parking.
Property Size1,000 SF
Days on Market271
Property Features for 1513 CHRISTIAN STREET #4
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
South Philadelphia
Highway Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
roof deck
in-unit washer and dryer
90% Forced Air
Central A/C
Building Details
Building Size
1,000 SF
Year Built
2022
Listing Agency:
KW Empower
Listed By:
Gianna Ginnetti · License #RS324599
(267) 236-3900
Source:
Kw
Added: Feb 3
Changed: Oct 31
Last Checked: Nov 1 at 10:33AM
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 KW Empower
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Investment Insights
Based on property information with market context.
Unit 4 is a two-bedroom, two-bath condominium completed in 2022 within a boutique residential building. The interior includes an atrium that brings in natural light, engineered hardwood flooring, Porcelanosa kitchen and vanity finishes, Delta fixtures, GE appliances, California Closets systems, and an in-unit washer and dryer. Central A/C and 90% Forced Air support year-round comfort, while one-car parking is included.
A shared roof deck provides Center City skyline views. The property is located at 1513 Christian Street in Philadelphia’s Graduate Hospital neighborhood, with walkable access to Rittenhouse Square, Center City, Schuylkill River Park, Target, Sprouts, Sidecar Bar & Grille, and Loco Pez. Major highways and bridges are readily accessible, and seven years remain on the tax abatement.
A shared roof deck provides Center City skyline views. The property is located at 1513 Christian Street in Philadelphia’s Graduate Hospital neighborhood, with walkable access to Rittenhouse Square, Center City, Schuylkill River Park, Target, Sprouts, Sidecar Bar & Grille, and Loco Pez. Major highways and bridges are readily accessible, and seven years remain on the tax abatement.
Key Highlights
- Two‑bedroom, two‑bath Unit 4 completed in 2022
- One‑car parking included with the condominium
- Roof deck with Center City skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,730
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,600
$314.6K
Cap Rate 7%
$224,714
$224.7K
Cap Rate 9%
$174,778
$174.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.4K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$28.6K $28.60/SF
− OpEx
−$12.9K −$12.87/SF
NOI
$15.7K $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%
$314,600
Cap Rate 7%
$224,714
Cap Rate 9%
$174,778
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 4.06%
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
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 - Two-bedroom, two-bath condominium unit with contemporary finishes, rooftop skyline views, and included garage parking.
Where is this residential income property located?
The property is located at 1513 CHRISTIAN STREET #4 Philadelphia, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath Unit 4 completed in 2022; One‑car parking included with the condominium; Roof deck with Center City skyline views
