High-Rise Residential
For Sale
$275,000
1600 ARCH STREET Unit 1508, Philadelphia, PA 19103
A city-center residence with washer and dryer hookups in Philadelphia’s Phoenix building.
Property Size773 SF
Price / SF$355.76
Days on Market37
Property Features for 1600 ARCH STREET Unit 1508
General Information
Standard status
Active
Size
773 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Penn Center
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,273
Amenities
washer/dryer hookups
Building Details
Building Size
773 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty
Listed By:
Kathleen M Wiseman · License #RS177185L
(215) 939-2624
Source:
Patmckennarealtors
Added: Sep 25
Changed: Oct 31
Last Checked: Oct 30 at 9:26PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Located at 1600 Arch Street, Unit 1508, in Philadelphia’s Phoenix building, this high-rise residential unit contains 773 square feet. Built in 1925, the building is identified as an example of AirLite architectural design. The unit includes washer and dryer hookups.
The property is in Center City, with public transportation, shopping, dining, and cultural destinations described as nearby.
The property is in Center City, with public transportation, shopping, dining, and cultural destinations described as nearby.
Key Highlights
- 773‑square‑foot unit at 1600 Arch Street, Unit 1508
- Located in the Phoenix building, constructed in 1925
- Washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,159
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,180
$243.2K
Cap Rate 7%
$173,700
$173.7K
Cap Rate 9%
$135,100
$135.1K
Market Conditions
NOI Build-Up for 773 SF
Gross rent
$23.5K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.1K $28.60/SF
− OpEx
−$9.9K −$12.87/SF
NOI
$12.2K $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%
$243,180
Cap Rate 7%
$173,700
Cap Rate 9%
$135,100
Alternative Uses
Best Use
Apartment 5plus
$173.7K
$152.0K – $202.7K
NOI $12,159 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$188.4K
$164.9K – $219.9K
NOI $13,191 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A city-center residence with washer and dryer hookups in Philadelphia’s Phoenix building.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 1508 Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 773‑square‑foot unit at 1600 Arch Street, Unit 1508; Located in the Phoenix building, constructed in 1925; Washer and dryer hookups
