Two-Bedroom Residential
For Sale
$599,000
1600 ARCH STREET Unit 1610, Philadelphia, PA 19103
The residence includes a reserved parking license and access to building amenities, including a fitness center and rooftop terrace.
Property Size1,249 SF
Days on Market41
Property Features for 1600 ARCH STREET Unit 1610
General Information
Standard status
Active
Size
1,249 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Penn Center
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,791
Amenities
fitness center
rooftop terrace
24/7 concierge
valet parking
in-unit washer/dryer
Building Details
Building Size
1,249 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty
Listed By:
Louise M Marzulli · License #RS296929
(215) 880-9274
Source:
Patmckennarealtors
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 4 at 10:04PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 1610 is a two-bedroom, two-bath residence in the Phoenix, a historic building constructed in 1925. Hardwood flooring, high ceilings and an open living area shape the interior. The kitchen has granite countertops and stainless steel appliances, while the split-bedroom layout includes a primary suite with a double vanity, glass-enclosed shower and wall closets. The second bedroom has a walk-in closet, and the home also includes a washer and dryer and a reserved parking license.
Building amenities include a fitness center, rooftop terrace, 24/7 concierge and valet parking. The property also has direct access to Suburban Station.
Building amenities include a fitness center, rooftop terrace, 24/7 concierge and valet parking. The property also has direct access to Suburban Station.
Key Highlights
- Two bedrooms and two bathrooms in Unit 1610
- Reserved parking license included
- Split‑bedroom floor plan with primary suite and double‑vanity bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,646
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,920
$392.9K
Cap Rate 7%
$280,657
$280.7K
Cap Rate 9%
$218,289
$218.3K
Market Conditions
NOI Build-Up for 1,249 SF
Gross rent
$37.9K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.7K $28.60/SF
− OpEx
−$16.1K −$12.87/SF
NOI
$19.6K $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%
$392,920
Cap Rate 7%
$280,657
Cap Rate 9%
$218,289
Alternative Uses
Best Use
Apartment 5plus
$280.7K
$245.6K – $327.4K
NOI $19,646 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$304.5K
$266.4K – $355.2K
NOI $21,314 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a reserved parking license and access to building amenities, including a fitness center and rooftop terrace.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 1610 Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in Unit 1610; Reserved parking license included; Split‑bedroom floor plan with primary suite and double‑vanity bath
