Updated Residential Income
New
For Sale
$184,000
1810 RITTENHOUSE SQUARE Unit 2005, Philadelphia, PA 19103
Studio condominium with renovated kitchen and 24-hour concierge service.
Property Size461 SF
Days on Market6
Property Features for 1810 RITTENHOUSE SQUARE Unit 2005
General Information
Standard status
Active
Size
461 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,922
Building Details
Building Size
461 SF
Year Built
1952
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 237-3913
Listed By:
Tsering Choky · License #RS376--4
(215) 237-3913
Source:
Patmckennarealtors
Added: Jul 30
Changed: Aug 4
Last Checked: Aug 4 at 4:13AM
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-Blue Bell
Investment Insights
Based on property information with market context.
This 461-square-foot studio condominium is located in The Rittenhouse Savoy and features an efficient residential layout. A 2017 renovation added a kitchen with granite countertops, custom cabinetry, a breakfast peninsula, full-size apartment refrigerator, gas range, built-in microwave, and stainless sink. The living area includes luxury vinyl flooring, fresh paint, a ceiling fan, and updated window shades. The bathroom has a Bath Fitter tub remodel, new vanity, and modern lighting.
Building amenities include 24-hour concierge service, a rooftop deck, on-site laundry facilities, and an optional fitness center. The property is situated on Rittenhouse Square, with restaurants, cafes, shopping, cultural attractions, and access to Penn, Drexel, CHOP, Jefferson, and Center City business districts nearby. The building was constructed in 1952.
Building amenities include 24-hour concierge service, a rooftop deck, on-site laundry facilities, and an optional fitness center. The property is situated on Rittenhouse Square, with restaurants, cafes, shopping, cultural attractions, and access to Penn, Drexel, CHOP, Jefferson, and Center City business districts nearby. The building was constructed in 1952.
Key Highlights
- 461‑square‑foot studio condominium in The Rittenhouse Savoy
- 2017 renovation with updated kitchen and bathroom
- Kitchen includes granite countertops, custom cabinetry, and breakfast peninsula
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 | $14.0k | $30.36 |
| − Vacancy | −$812 | −$1.76 |
| EGI | $13.2k | $28.60 |
| − OpEx | −$5.9k | −$12.87 |
| NOI | $7.3k | $15.73 |
461 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$103.6K
$90.6K – $120.9K
NOI $7,251 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$112.4K
$98.3K – $131.1K
NOI $7,867 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,587
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 - Studio condominium with renovated kitchen and 24-hour concierge service.
Where is this residential income property located?
The property is located at 1810 RITTENHOUSE SQUARE Unit 2005 Philadelphia, PA.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: 461‑square‑foot studio condominium in The Rittenhouse Savoy; 2017 renovation with updated kitchen and bathroom; Kitchen includes granite countertops, custom cabinetry, and breakfast peninsula
