One-Bedroom Residential Income
For Sale
$149,000
1601 SPRING GARDEN STREET Unit G112, Philadelphia, PA 19130
The unit combines hardwood flooring, an in-unit washer and dryer, and basement storage.
Property Size590 SF
Price / SF$252.54
Days on Market181
Property Features for 1601 SPRING GARDEN STREET Unit G112
General Information
Standard status
Active
Size
590 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,357
Amenities
concierge services
front desk security
atrium lobby
fitness center
in-unit washer and dryer
hardwood floors
granite countertops
stainless steel appliances
high ceilings
walk-in closet
built-in storage
basement storage
pet-friendly
Building Details
Building Size
590 SF
Year Built
1832
Listing Agency:
Coldwell Banker Realty
Listed By:
Jing Lin · License #RS326400
(215) 641-2727
Source:
Wagnerrealestate
Added: May 8
Changed: Nov 2
Last Checked: Nov 4 at 9:01AM
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 first-floor, one-bedroom unit in the Colonnade measures approximately 590 square feet and dates to an 1832 building. Hardwood flooring runs throughout, while high ceilings and numerous windows bring daylight into the interior. The kitchen has granite countertops and stainless steel appliances and opens to the living room. A walk-in bedroom closet, hallway storage, bathroom built-ins, and an in-unit washer and dryer round out the layout; additional storage is located in the basement.
Building amenities include concierge service, front desk security, an atrium lobby, a fitness center, and a pet-friendly policy. The property has access to Broad Street, I-676, and the Ben Franklin Parkway. The Art Museum, Boathouse Row, and local universities are also identified as nearby destinations.
Building amenities include concierge service, front desk security, an atrium lobby, a fitness center, and a pet-friendly policy. The property has access to Broad Street, I-676, and the Ben Franklin Parkway. The Art Museum, Boathouse Row, and local universities are also identified as nearby destinations.
Key Highlights
- Approximately 590 square feet in a one‑bedroom, first‑floor layout
- Built in 1832
- Kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,280
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,600
$185.6K
Cap Rate 7%
$132,571
$132.6K
Cap Rate 9%
$103,111
$103.1K
Market Conditions
NOI Build-Up for 590 SF
Gross rent
$17.9K $30.36/SF
− Vacancy
−$1.0K −$1.76/SF
EGI
$16.9K $28.60/SF
− OpEx
−$7.6K −$12.87/SF
NOI
$9.3K $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%
$185,600
Cap Rate 7%
$132,571
Cap Rate 9%
$103,111
Alternative Uses
Best Use
Apartment 5plus
$132.6K
$116.0K – $154.7K
NOI $9,280 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$143.8K
$125.9K – $167.8K
NOI $10,068 @ 7.0% cap · market cap 6.76%
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
6,435
Businesses Nearby
Explore this area
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 - The unit combines hardwood flooring, an in-unit washer and dryer, and basement storage.
Where is this residential income property located?
The property is located at 1601 SPRING GARDEN STREET Unit G112 Philadelphia, PA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Approximately 590 square feet in a one‑bedroom, first‑floor layout; Built in 1832; Kitchen with granite countertops and stainless steel appliances
