Updated Studio Residential Income
For Sale
$184,000
1810 RITTENHOUSE SQUARE #2005, Philadelphia, PA 19103
Renovated studio condominium with concierge service, rooftop deck access, and central air in a professionally managed building.
Property Size461 SF
Price / SF$399.13
Days on Market94
Property Features for 1810 RITTENHOUSE SQUARE #2005
General Information
Standard status
Active
Size
461 SF
Property subtype
Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
24-hour concierge service
rooftop deck
on-site laundry facilities
optional fitness center
Central A/C
Central
Building Details
Year Built
1952
Year Renovated
2017
Listing Agency:
Blue Bell
Listed By:
Tsering Choky · License #RS376004
(215) 237-3913
Source:
Kw
Added: Jul 30
Changed: Oct 31
Last Checked: Oct 30 at 8:22PM
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 Blue Bell
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This studio condominium at The Rittenhouse Savoy provides 461 square feet with an efficient layout, abundant natural light, and generous closet space. A 2017 renovation added a kitchen with granite countertops, breakfast peninsula, custom cabinetry, full-size apartment refrigerator, gas range, built-in microwave, and stainless sink. The living area includes luxury vinyl flooring, updated paint, a ceiling fan, and new window shades. The bathroom features a Bath Fitter tub remodel, new vanity, and modern lighting. Central A/C is also provided.
Building services include 24-hour concierge coverage, on-site laundry, and access to a rooftop deck. An optional fitness center is available to residents. The property is located on Rittenhouse Square, near restaurants, cafés, shopping, cultural attractions, Penn, Drexel, CHOP, Jefferson, and Center City business districts.
Built in 1952, the professionally managed building combines established construction with updated interior finishes and shared resident amenities.
Building services include 24-hour concierge coverage, on-site laundry, and access to a rooftop deck. An optional fitness center is available to residents. The property is located on Rittenhouse Square, near restaurants, cafés, shopping, cultural attractions, Penn, Drexel, CHOP, Jefferson, and Center City business districts.
Built in 1952, the professionally managed building combines established construction with updated interior finishes and shared resident amenities.
Key Highlights
- 461‑square‑foot studio condominium at The Rittenhouse Savoy
- 2017 renovation with updated kitchen and bathroom finishes
- Kitchen includes granite counters, breakfast peninsula, and full‑size appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,251
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,020
$145.0K
Cap Rate 7%
$103,586
$103.6K
Cap Rate 9%
$80,567
$80.6K
Market Conditions
NOI Build-Up for 461 SF
Gross rent
$14.0K $30.36/SF
− Vacancy
−$812 −$1.76/SF
EGI
$13.2K $28.60/SF
− OpEx
−$5.9K −$12.87/SF
NOI
$7.3K $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%
$145,020
Cap Rate 7%
$103,586
Cap Rate 9%
$80,567
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated studio condominium with concierge service, rooftop deck access, and central air in a professionally managed building.
Where is this residential income property located?
The property is located at 1810 RITTENHOUSE SQUARE #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 at The Rittenhouse Savoy; 2017 renovation with updated kitchen and bathroom finishes; Kitchen includes granite counters, breakfast peninsula, and full‑size appliances
