Residential Income Property with
For Sale
$675,000
1901 JOHN F KENNEDY BOULEVARD Unit 2409-10, Philadelphia, PA 19103
The cooperative residence combines a two-bedroom, two-bath layout with shared building amenities and a private outdoor space.
Property Size1,624 SF
Price / SF$415.64
Days on Market70
Property Features for 1901 JOHN F KENNEDY BOULEVARD Unit 2409-10
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
fitness center
resident library
rooftop deck
outdoor heated pool
grills
on-site garage parking
staffed front desk
24/7 security
on-site maintenance
private balcony
washer and dryer
Building Details
Building Size
1,624 SF
Year Built
1968
Listing Agency:
KW Empower
Listed By:
Barbara Sontag-Feldman · License #RSR002442
(917) 562-4147
Source:
Wagnerrealestate
Added: Aug 27
Changed: Nov 2
Last Checked: Nov 3 at 9:01AM
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 KW Empower
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Investment Insights
Based on property information with market context.
This residential cooperative residence is configured as a two-bedroom, two-bath home, with an open living and dining area, a kitchen with pantry, and a private balcony. The home was formed by combining a two-bedroom unit with a studio, and the resulting layout may be reconfigured as a three-bedroom residence. A washer and dryer are located in a hall closet, and the primary bedroom has a walk-in closet plus a second closet. The building dates to 1968.
Resident amenities include a fitness center, library with shared computers and printer, and a rooftop deck with a heated outdoor pool, grills, and seating. The building also has a staffed front desk, 24/7 security, and on-site maintenance. Garage parking is available, with self-parking and valet service.
The property is in Philadelphia’s Logan Square area, with access to Suburban Station, 30th Street Station, Parkway museums, Logan Circle, and Rittenhouse Square. Purchasers are subject to board approval.
Resident amenities include a fitness center, library with shared computers and printer, and a rooftop deck with a heated outdoor pool, grills, and seating. The building also has a staffed front desk, 24/7 security, and on-site maintenance. Garage parking is available, with self-parking and valet service.
The property is in Philadelphia’s Logan Square area, with access to Suburban Station, 30th Street Station, Parkway museums, Logan Circle, and Rittenhouse Square. Purchasers are subject to board approval.
Key Highlights
- Two‑bedroom, two‑bath residence created by combining a unit with a studio
- Private balcony and open living and dining area
- Rooftop deck includes a heated outdoor pool, grills, and seating areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,545
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,900
$510.9K
Cap Rate 7%
$364,929
$364.9K
Cap Rate 9%
$283,833
$283.8K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$49.3K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$46.4K $28.60/SF
− OpEx
−$20.9K −$12.87/SF
NOI
$25.5K $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%
$510,900
Cap Rate 7%
$364,929
Cap Rate 9%
$283,833
Alternative Uses
Best Use
Apartment 5plus
$364.9K
$319.3K – $425.8K
NOI $25,545 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18,683
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
Frequently Asked Questions
What type of property is this?
Residential income property - The cooperative residence combines a two-bedroom, two-bath layout with shared building amenities and a private outdoor space.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD Unit 2409-10 Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence created by combining a unit with a studio; Private balcony and open living and dining area; Rooftop deck includes a heated outdoor pool, grills, and seating areas
