Residential Income Property with
For Sale
$286,400
1600 ARCH STREET Unit 1702, Philadelphia, PA 19103
One-bedroom residence with dedicated storage, in-unit laundry, concierge service, and direct access to Suburban Station.
Property Size961 SF
Days on Market98
Property Features for 1600 ARCH STREET Unit 1702
General Information
Standard status
Active
Size
961 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,196
Amenities
fitness center
weight room
community room
rooftop terrace
concierge
in-unit washer/dryer
storage locker
Building Details
Building Size
961 SF
Year Built
1925
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 546-0550
Listed By:
Reid J Rosenthal · License #RS226037L
(215) 546-0550
Source:
Patmckennarealtors
Added: Apr 29
Changed: Aug 4
Last Checked: Aug 4 at 2:02AM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
This residential income property is a one-bedroom, one-bath residence on the 17th floor of a building completed in 1925. The open layout includes high ceilings, large windows, a substantial kitchen, and a separate dining area. The primary suite offers two custom closets, including a walk-in closet with built-in organizational systems. An in-unit washer and dryer and a private storage locker on the fourth floor add practical convenience.
Building amenities include a fitness center, weight room, community room, rooftop terrace, and 24-hour concierge service. Direct elevator access to Suburban Station provides an integrated transit connection. The property is an eight-minute walk from Rittenhouse Square and near the Comcast Center, Comcast Technology Center, Barnes Foundation, dining options, and nearby parking facilities.
Building amenities include a fitness center, weight room, community room, rooftop terrace, and 24-hour concierge service. Direct elevator access to Suburban Station provides an integrated transit connection. The property is an eight-minute walk from Rittenhouse Square and near the Comcast Center, Comcast Technology Center, Barnes Foundation, dining options, and nearby parking facilities.
Key Highlights
- 17th‑floor one‑bedroom, one‑bath residence
- Open layout with high ceilings, large windows, kitchen, and formal dining area
- Two custom primary‑suite closets, including a walk‑in closet with organizational systems
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $30.36 |
| − Vacancy | −$1.7k | −$1.76 |
| EGI | $27.5k | $28.60 |
| − OpEx | −$12.4k | −$12.87 |
| NOI | $15.1k | $15.73 |
961 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$215.9K
$189.0K – $251.9K
NOI $15,116 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$234.3K
$205.0K – $273.3K
NOI $16,399 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$551,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with dedicated storage, in-unit laundry, concierge service, and direct access to Suburban Station.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 1702 Philadelphia, PA.
What is the asking price?
The asking price for this property is $286,400.
What are key features of this property?
This property features: 17th‑floor one‑bedroom, one‑bath residence; Open layout with high ceilings, large windows, kitchen, and formal dining area; Two custom primary‑suite closets, including a walk‑in closet with organizational systems
