Loft-Style Residential Income
For Sale
$1,295,000
1600 ARCH STREET Unit 1809, Philadelphia, PA 19103
Reimagined condominium residence with two bedrooms, a den, office, and contemporary finishes.
Property Size2,723 SF
Days on Market134
Property Features for 1600 ARCH STREET Unit 1809
General Information
Standard status
Active
Size
2,723 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
2,723 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty
(215) 880-9274
Listed By:
Louise M Marzulli · License #RS296929
(215) 880-9274
Source:
Patmckennarealtors
Added: Mar 24
Changed: Jul 31
Last Checked: Aug 3 at 11:12AM
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
Investment Insights
Based on property information with market context.
Loft-style condominium residence at 1600 Arch Street, Unit 1809, in Philadelphia’s historic 1925 building. The expansive layout includes 2 bedrooms, a den, an office, 2.5 baths, and an additional flexible-use room. Refinished Blanc hardwood floors extend throughout the open layout, complemented by crisp contemporary finishes and slate countertops in the kitchen.
The residence features views of the Benjamin Franklin Parkway, including from the primary suite and second bedroom. The primary suite offers a custom bath with steam shower and soaking tub, along with a custom walk-in closet. The second bedroom includes an en-suite bath with a walk-in shower. A private office, versatile den, hallway half bath, and abundant storage complete the interior configuration.
The residence features views of the Benjamin Franklin Parkway, including from the primary suite and second bedroom. The primary suite offers a custom bath with steam shower and soaking tub, along with a custom walk-in closet. The second bedroom includes an en-suite bath with a walk-in shower. A private office, versatile den, hallway half bath, and abundant storage complete the interior configuration.
Key Highlights
- 2 bedrooms, a den, an office, 2.5 baths, and an additional flexible‑use room
- Loft‑style condominium in a historic building built in 1925
- Views of the Benjamin Franklin Parkway from the residence
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 | $82.7k | $30.36 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $77.9k | $28.60 |
| − OpEx | −$35.0k | −$12.87 |
| NOI | $42.8k | $15.73 |
2,723 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$611.9K
$535.4K – $713.9K
NOI $42,831 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$663.8K
$580.9K – $774.5K
NOI $46,468 @ 7.0% cap · market cap 3.59%
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 - Reimagined condominium residence with two bedrooms, a den, office, and contemporary finishes.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 1809 Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 2 bedrooms, a den, an office, 2.5 baths, and an additional flexible‑use room; Loft‑style condominium in a historic building built in 1925; Views of the Benjamin Franklin Parkway from the residence
