One-Bedroom
For Sale
$359,900
1701 LOCUST STREET Unit 1801, Philadelphia, PA 19103
The residence combines an open living area with an upgraded kitchen and access to hotel amenities.
Property Size697 SF
Price / SF$516.36
Days on Market226
Property Features for 1701 LOCUST STREET Unit 1801
General Information
Standard status
Active
Size
697 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,895
Amenities
24-hour doorman
fitness room
laundry closet with washer/dryer
Building Details
Building Size
697 SF
Year Built
1928
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Desantis-realestate
Added: Mar 20
Changed: Oct 27
Last Checked: Oct 31 at 2:23PM
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 Allan Domb Real Estate
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Investment Insights
Based on property information with market context.
This 697-square-foot condominium has an open great room for living and dining, alongside a kitchen fitted with cherry cabinetry, granite counters, a mosaic tile backsplash and stainless steel appliances. The bedroom features oversized windows and closet storage, with a marble-appointed hall bathroom nearby. Hardwood floors, crown and baseboard moldings, and a laundry closet with washer and dryer complete the interior.
Residents have access to amenities at The Warwick Hotel, which occupies the building’s lower 13 floors. These include a 24-hour doorman and fitness room. Maid service, room service and valet parking are available for an additional fee.
Residents have access to amenities at The Warwick Hotel, which occupies the building’s lower 13 floors. These include a 24-hour doorman and fitness room. Maid service, room service and valet parking are available for an additional fee.
Key Highlights
- 697‑square‑foot one‑bedroom condominium
- Open great room and kitchen with cherry cabinetry, granite counters and stainless steel appliances
- Bedroom with oversized windows and closet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,963
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,260
$219.3K
Cap Rate 7%
$156,614
$156.6K
Cap Rate 9%
$121,811
$121.8K
Market Conditions
NOI Build-Up for 697 SF
Gross rent
$21.2K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.9K $28.60/SF
− OpEx
−$9.0K −$12.87/SF
NOI
$11.0K $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%
$219,260
Cap Rate 7%
$156,614
Cap Rate 9%
$121,811
Alternative Uses
Best Use
Apartment 5plus
$156.6K
$137.0K – $182.7K
NOI $10,963 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 3.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,096
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 - The residence combines an open living area with an upgraded kitchen and access to hotel amenities.
Where is this residential income property located?
The property is located at 1701 LOCUST STREET Unit 1801 Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 697‑square‑foot one‑bedroom condominium; Open great room and kitchen with cherry cabinetry, granite counters and stainless steel appliances; Bedroom with oversized windows and closet storage
