Loft-Style Residential Income
For Sale
$1,150,000
1600 ARCH STREET Unit 1809, Philadelphia, PA 19103
A two-bedroom residence includes a den, private office, and open-plan kitchen and living area.
Property Size2,723 SF
Days on Market223
Property Features for 1600 ARCH STREET Unit 1809
General Information
Standard status
Active
Size
2,723 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Penn Center
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,715
Building Details
Building Size
2,723 SF
Year Built
1925
Listing Agency:
Coldwell Banker Realty
Listed By:
Louise M Marzulli · License #RS296929
(215) 880-9274
Source:
Patmckennarealtors
Added: Mar 24
Changed: Oct 31
Last Checked: Nov 1 at 2:58PM
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.
This loft-style residence in a 1925 building has two bedrooms, a den, a private office, and 2.5 baths. Its open layout features hardwood floors and a kitchen with slate countertops and modern appliances. The primary suite includes a custom bath with a steam shower and soaking tub, plus a walk-in closet. The second bedroom has an en-suite bath, and a separate storage room offers flexible use.
The residence has views of the Benjamin Franklin Parkway. The property is located at 1600 Arch Street in Philadelphia.
The residence has views of the Benjamin Franklin Parkway. The property is located at 1600 Arch Street in Philadelphia.
Key Highlights
- Two bedrooms, a den, a private office, and 2.5 baths
- Primary suite with steam shower, soaking tub, and walk‑in closet
- Second bedroom has an en‑suite bath with a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,831
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,620
$856.6K
Cap Rate 7%
$611,871
$611.9K
Cap Rate 9%
$475,900
$475.9K
Market Conditions
NOI Build-Up for 2,723 SF
Gross rent
$82.7K $30.36/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$77.9K $28.60/SF
− OpEx
−$35.0K −$12.87/SF
NOI
$42.8K $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%
$856,620
Cap Rate 7%
$611,871
Cap Rate 9%
$475,900
Alternative Uses
Best Use
Apartment 5plus
$611.9K
$535.4K – $713.9K
NOI $42,831 @ 7.0% cap · market cap 3.72%
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 4.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,727
Businesses Nearby
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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 two-bedroom residence includes a den, private office, and open-plan kitchen and living area.
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 $1,150,000.
What are key features of this property?
This property features: Two bedrooms, a den, a private office, and 2.5 baths; Primary suite with steam shower, soaking tub, and walk‑in closet; Second bedroom has an en‑suite bath with a walk‑in shower
