Residential Income Property with
For Sale
$139,900
1601 SPRING GARDEN STREET Unit 205, Philadelphia, PA 19130
One-bedroom residence in an 1832 building with secure amenities and access to major cultural and recreational destinations.
Property Size543 SF
Price / SF$257.64
Days on Market51
Property Features for 1601 SPRING GARDEN STREET Unit 205
General Information
Standard status
Active
Size
543 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,463
Amenities
24-hour security
concierge service
fitness center
basement storage
secure bike room
Building Details
Building Size
543 SF
Year Built
1832
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Matthew J Aragona · License #RS317907
(610) 745-3211
Source:
Patmckennarealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 23 at 2:37PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Unit 205 is a one-bedroom, one-bath residential income property offering 543 square feet of living space. Oversized windows, high ceilings, and generous storage contribute to the unit’s interior layout. The 1832 building provides 24-hour security, concierge service, a fitness center, basement storage, and a secure bike room.
The property is near the Philadelphia Museum of Art, Barnes Foundation, Kelly Drive, and Boathouse Row. Shopping, dining, nightlife, public transportation, and top universities are also identified nearby, placing the residence within a broad mix of cultural, recreational, and daily-use destinations.
The property is near the Philadelphia Museum of Art, Barnes Foundation, Kelly Drive, and Boathouse Row. Shopping, dining, nightlife, public transportation, and top universities are also identified nearby, placing the residence within a broad mix of cultural, recreational, and daily-use destinations.
Key Highlights
- 543‑square‑foot one‑bedroom, one‑bath unit
- Building dates to 1832
- 24‑hour security and concierge service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,541
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,820
$170.8K
Cap Rate 7%
$122,014
$122.0K
Cap Rate 9%
$94,900
$94.9K
Market Conditions
NOI Build-Up for 543 SF
Gross rent
$16.5K $30.36/SF
− Vacancy
−$956 −$1.76/SF
EGI
$15.5K $28.60/SF
− OpEx
−$7.0K −$12.87/SF
NOI
$8.5K $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%
$170,820
Cap Rate 7%
$122,014
Cap Rate 9%
$94,900
Alternative Uses
Best Use
Apartment 5plus
$122.0K
$106.8K – $142.4K
NOI $8,541 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$132.4K
$115.8K – $154.4K
NOI $9,266 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,435
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence in an 1832 building with secure amenities and access to major cultural and recreational destinations.
Where is this residential income property located?
The property is located at 1601 SPRING GARDEN STREET Unit 205 Philadelphia, PA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 543‑square‑foot one‑bedroom, one‑bath unit; Building dates to 1832; 24‑hour security and concierge service
