Two-Bedroom Residential Income
For Sale
$507,000
1811 CHESTNUT STREET Unit 301, Philadelphia, PA 19103
Open-plan residence with en-suite bedrooms, a powder room, in-unit laundry, and elevator access.
Property Size1,337 SF
Price / SF$390
Days on Market45
Property Features for 1811 CHESTNUT STREET Unit 301
General Information
Standard status
Active
Size
1,337 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
fitness center
in-unit washer/dryer
Building Details
Building Size
1,337 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
(215) 205-2400
Listed By:
Margaux Genovese Pelegrin · License #RS290073
(215) 205-2400
Source:
Patmckennarealtors
Added: Jun 23
Changed: Jul 31
Last Checked: Aug 5 at 4:54AM
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
Investment Insights
Based on property information with market context.
Unit 301 at The Belgravia is a two-bedroom, two-and-a-half-bath residence spanning over 1,300 SF. The open layout connects the living, dining, and kitchen areas, with hardwood floors and oversized windows in the main living space. The kitchen includes stainless steel appliances, generous cabinetry, and ample counter space. Both bedrooms feature en-suite baths; the primary includes a stall shower, while the second bath has a tub/shower combination. A separate powder room and in-unit washer and dryer add practical functionality.
The property is located at 1811 Chestnut Street in Philadelphia’s Rittenhouse Square area. The Belgravia is a classic building originally constructed in 1900 with elevator access, a fitness center, and full-service convenience. Rittenhouse Square, dining, boutique shopping, and cultural destinations are within a few blocks.
The property is located at 1811 Chestnut Street in Philadelphia’s Rittenhouse Square area. The Belgravia is a classic building originally constructed in 1900 with elevator access, a fitness center, and full-service convenience. Rittenhouse Square, dining, boutique shopping, and cultural destinations are within a few blocks.
Key Highlights
- Unit 301 at The Belgravia with over 1,300 SF
- Two bedrooms and two‑and‑a‑half baths
- Open layout connecting living, dining, and kitchen areas
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 | $39.5k | $30.36 |
| − Vacancy | −$2.3k | −$1.76 |
| EGI | $37.2k | $28.60 |
| − OpEx | −$16.7k | −$12.87 |
| NOI | $20.4k | $15.73 |
1,300 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,448 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
21,674
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan residence with en-suite bedrooms, a powder room, in-unit laundry, and elevator access.
Where is this residential income property located?
The property is located at 1811 CHESTNUT STREET Unit 301 Philadelphia, PA.
What is the asking price?
The asking price for this property is $507,000.
What are key features of this property?
This property features: Unit 301 at The Belgravia with over 1,300 SF; Two bedrooms and two‑and‑a‑half baths; Open layout connecting living, dining, and kitchen areas
