Residential Income Property with Rooftop
For Sale
$279,000
1600 ARCH STREET Unit 908, Philadelphia, PA 19103
One-bedroom condominium residence with hardwood floors, oversized windows, and two private storage units.
Property Size766 SF
Price / SF$364.23
Days on Market85
Property Features for 1600 ARCH STREET Unit 908
General Information
Standard status
Active
Size
766 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Penn Center
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,052
Amenities
24-hour concierge service
fitness center
rooftop terrace with BBQ grills
resident lounge
conference room
valet parking available
direct indoor access to Suburban Station
in-unit washer and dryer
two private storage units
Building Details
Building Size
766 SF
Year Built
1925
Listing Agency:
Weichert Realtors
Listed By:
Nodari Tetruashvily · License #RS296743
(267) 241-0968
Source:
Patmckennarealtors
Added: Aug 1
Changed: Oct 21
Last Checked: Oct 23 at 3:22PM
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 Weichert Realtors
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Investment Insights
Based on property information with market context.
Unit 908 at The Phoenix is a 766-square-foot, one-bedroom, one-bath condominium residence in a building constructed in 1925. The interior includes an open living arrangement, hardwood flooring, tall ceilings, large windows, built-in shelving, and a kitchen with granite counters and a breakfast bar. The bedroom features a walk-in closet, while an in-unit washer and dryer and two private storage units add practical convenience.
Building amenities include 24-hour concierge service, a fitness center, resident lounge, conference room, and rooftop terrace with city views and BBQ grills. Valet parking is available, and residents have direct indoor access to Suburban Station. The property is in Logan Square near LOVE Park, Dilworth Park, the Benjamin Franklin Parkway, museums, restaurants, shopping, Center City's business district, I-76, I-95, and public transportation.
Building amenities include 24-hour concierge service, a fitness center, resident lounge, conference room, and rooftop terrace with city views and BBQ grills. Valet parking is available, and residents have direct indoor access to Suburban Station. The property is in Logan Square near LOVE Park, Dilworth Park, the Benjamin Franklin Parkway, museums, restaurants, shopping, Center City's business district, I-76, I-95, and public transportation.
Key Highlights
- 766 square feet with 1 bedroom and 1 bath
- Two private storage units included
- Hardwood floors, oversized windows, tall ceilings, and built‑in shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,049
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,980
$241.0K
Cap Rate 7%
$172,129
$172.1K
Cap Rate 9%
$133,878
$133.9K
Market Conditions
NOI Build-Up for 766 SF
Gross rent
$23.3K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$21.9K $28.60/SF
− OpEx
−$9.9K −$12.87/SF
NOI
$12.0K $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%
$240,980
Cap Rate 7%
$172,129
Cap Rate 9%
$133,878
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,049 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$186.7K
$163.4K – $217.9K
NOI $13,072 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with hardwood floors, oversized windows, and two private storage units.
Where is this residential income property located?
The property is located at 1600 ARCH STREET Unit 908 Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 766 square feet with 1 bedroom and 1 bath; Two private storage units included; Hardwood floors, oversized windows, tall ceilings, and built‑in shelving
