Residential Income
For Sale
$299,900
1810 RITTENHOUSE SQUARE Unit 211, Philadelphia, PA 19103
This one-bedroom condominium includes in-unit laundry, updated kitchen and bathroom finishes, and access to building amenities.
Property Size722 SF
Price / SF$415.37
Days on Market112
Property Features for 1810 RITTENHOUSE SQUARE Unit 211
General Information
Standard status
Active
Size
722 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,995
Amenities
24-hour concierge
fitness center
rooftop deck
in-unit washer/dryer
Building Details
Building Size
722 SF
Year Built
1952
Listing Agency:
EXP Realty, LLC
Listed By:
Brittany McLaughlin · License #RS338958
(215) 598-2027
Source:
Desantis-realestate
Added: Jul 12
Changed: Oct 27
Last Checked: Oct 27 at 3:18AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Located in The Savoy at 1810 Rittenhouse Square, this 722-square-foot, one-bedroom condominium was built in 1952. The interior features hardwood floors, south-facing windows, a renovated kitchen with stainless steel appliances and gas cooking, an updated bathroom, and an in-unit washer and dryer. Two walk-in bedroom closets and a separate hall linen closet provide storage.
Building amenities include a 24-hour concierge, fitness center, and rooftop deck. All utilities and basic cable are included in the condominium fee. Rittenhouse Square is nearby, along with Center City dining and shopping, the Avenue of the Arts, and major transit, including 30th Street Station.
Building amenities include a 24-hour concierge, fitness center, and rooftop deck. All utilities and basic cable are included in the condominium fee. Rittenhouse Square is nearby, along with Center City dining and shopping, the Avenue of the Arts, and major transit, including 30th Street Station.
Key Highlights
- 722‑square‑foot, one‑bedroom condominium in The Savoy
- South‑facing windows and hardwood flooring
- Updated kitchen with stainless steel appliances and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,357
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,140
$227.1K
Cap Rate 7%
$162,243
$162.2K
Cap Rate 9%
$126,189
$126.2K
Market Conditions
NOI Build-Up for 722 SF
Gross rent
$21.9K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$20.6K $28.60/SF
− OpEx
−$9.3K −$12.87/SF
NOI
$11.4K $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%
$227,140
Cap Rate 7%
$162,243
Cap Rate 9%
$126,189
Alternative Uses
Best Use
Apartment 5plus
$162.2K
$142.0K – $189.3K
NOI $11,357 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$176.0K
$154.0K – $205.4K
NOI $12,321 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,587
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 - This one-bedroom condominium includes in-unit laundry, updated kitchen and bathroom finishes, and access to building amenities.
Where is this residential income property located?
The property is located at 1810 RITTENHOUSE SQUARE Unit 211 Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 722‑square‑foot, one‑bedroom condominium in The Savoy; South‑facing windows and hardwood flooring; Updated kitchen with stainless steel appliances and gas cooking
