Residential Income Property with Roof
For Sale
$239,000
1810 RITTENHOUSE SQUARE Unit 410, Philadelphia, PA 19103
One-bedroom condominium with updated HVAC, resident fitness facilities, and staffed building services near Rittenhouse Square.
Property Size622 SF
Days on Market45
Property Features for 1810 RITTENHOUSE SQUARE Unit 410
General Information
Standard status
Active
Size
622 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
$3,323
Amenities
24-hour desk services
roof deck
fitness center
Building Details
Building Size
622 SF
Year Built
1958
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Alon Seltzer · License #RS326276
(215) 915-2000
Source:
Patmckennarealtors
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 1 at 2:22PM
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.
This one-bedroom condominium at 1810 Rittenhouse Square, Unit 410, offers a compact layout with direct southern exposure and an efficient bedroom arrangement. Improvements include 2 new HVAC units and a new appliance. The residence is located within the Rittenhouse Savoy, a 1958 building with a midcentury modern lobby, 24-hour desk service, fitness center, and a new roof deck with panoramic views.
The property sits on the south side of Rittenhouse Square in Philadelphia, within walking distance of UPENN, Drexel University, CHOP, Jefferson Hospital, 30th Street Station, the central business district, Kimmel Center, Schuylkill River Park, retail, restaurants, cafés, and bars. Condo fees cover all utilities except internet and cable. The building does not permit dogs.
The property sits on the south side of Rittenhouse Square in Philadelphia, within walking distance of UPENN, Drexel University, CHOP, Jefferson Hospital, 30th Street Station, the central business district, Kimmel Center, Schuylkill River Park, retail, restaurants, cafés, and bars. Condo fees cover all utilities except internet and cable. The building does not permit dogs.
Key Highlights
- One‑bedroom condominium at 1810 Rittenhouse Square, Unit 410
- Direct sun exposure with an efficient interior layout
- 2 new HVAC units and a new appliance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,784
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,680
$195.7K
Cap Rate 7%
$139,771
$139.8K
Cap Rate 9%
$108,711
$108.7K
Market Conditions
NOI Build-Up for 622 SF
Gross rent
$18.9K $30.36/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$17.8K $28.60/SF
− OpEx
−$8.0K −$12.87/SF
NOI
$9.8K $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%
$195,680
Cap Rate 7%
$139,771
Cap Rate 9%
$108,711
Alternative Uses
Best Use
Apartment 5plus
$139.8K
$122.3K – $163.1K
NOI $9,784 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$151.6K
$132.7K – $176.9K
NOI $10,614 @ 7.0% cap · market cap 4.44%
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 - One-bedroom condominium with updated HVAC, resident fitness facilities, and staffed building services near Rittenhouse Square.
Where is this residential income property located?
The property is located at 1810 RITTENHOUSE SQUARE Unit 410 Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: One‑bedroom condominium at 1810 Rittenhouse Square, Unit 410; Direct sun exposure with an efficient interior layout; 2 new HVAC units and a new appliance
