Two-Story Residential Income
For Sale
$397,000
1600 ARCH STREET Unit 2008, Philadelphia, PA 19103
Penthouse-level loft residence with dramatic ceiling height, hardwood floors, skyline outlooks, and access to extensive building amenities.
Property Size872 SF
Days on Market48
Property Features for 1600 ARCH STREET Unit 2008
General Information
Standard status
Active
Size
872 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,826
Amenities
rooftop lounge
fitness center
Phoenix Club
boardroom
retail promenade
Building Details
Building Size
872 SF
Year Built
1925
Listing Agency:
Keller Williams Real Estate-Montgomeryville
(215) 872-9030
Listed By:
Jeffrey J Falterbauer · License #RS-295862
(215) 872-9030
Source:
Patmckennarealtors
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 4 at 1:59AM
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 Keller Williams Real Estate-Montgomeryville
Investment Insights
Based on property information with market context.
This penthouse-level, two-story loft residence at The Phoenix combines an open great room with more than 20-foot ceilings, solid hardwood flooring, wood wainscoting, custom millwork, and an oversized Palladian window framing city views. The kitchen includes granite counters, stainless steel appliances, designer cabinetry, a glass tile backsplash, pantry, and built-in microwave, range, dishwasher, refrigerator, and double sink. A dedicated laundry room includes a washer and dryer. The upper-level primary suite overlooks the living area and features a walk-in closet, new carpeting, and a bathroom with tiled surfaces, a tub/shower combination, and updated fixtures.
Building amenities include a rooftop lounge on the 20th floor, a fitness center, the Phoenix Club with library, study areas, television lounge, dining spaces, full kitchen, pool table, and gathering areas, plus a private boardroom. Eight elevators serve the building. The first-floor retail promenade includes shops, restaurants, and an Irish pub. The property is at 1600 Arch Street in Philadelphia’s Logan Square, across from LOVE Park and adjacent to Suburban Station, with access to Center City destinations, museums, dining, shopping, and the Schuylkill River Trail.
Building amenities include a rooftop lounge on the 20th floor, a fitness center, the Phoenix Club with library, study areas, television lounge, dining spaces, full kitchen, pool table, and gathering areas, plus a private boardroom. Eight elevators serve the building. The first-floor retail promenade includes shops, restaurants, and an Irish pub. The property is at 1600 Arch Street in Philadelphia’s Logan Square, across from LOVE Park and adjacent to Suburban Station, with access to Center City destinations, museums, dining, shopping, and the Schuylkill River Trail.
Key Highlights
- Two‑story penthouse‑level loft with more than 20‑foot ceilings
- Oversized Palladian window delivers skyline views and abundant natural light
- Kitchen includes granite counters, stainless appliances, pantry, and designer cabinetry
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 | $26.5k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $24.9k | $28.60 |
| − OpEx | −$11.2k | −$12.87 |
| NOI | $13.7k | $15.73 |
872 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$195.9K
$171.5K – $228.6K
NOI $13,716 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 3.75%
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 - Penthouse-level loft residence with dramatic ceiling height, hardwood floors, skyline outlooks, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 2008 Philadelphia, PA.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Two‑story penthouse‑level loft with more than 20‑foot ceilings; Oversized Palladian window delivers skyline views and abundant natural light; Kitchen includes granite counters, stainless appliances, pantry, and designer cabinetry
