Residential Income Property with
For Sale
$519,000
1901 JOHN F KENNEDY BOULEVARD Unit 906, Philadelphia, PA 19103
Owner-occupied cooperative residence with an updated kitchen, abundant storage, and shared rooftop amenities.
Property Size1,172 SF
Days on Market40
Property Features for 1901 JOHN F KENNEDY BOULEVARD Unit 906
General Information
Standard status
Active
Size
1,172 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
fitness center
library
rooftop deck
pool
grills
seating areas
front desk
lobby attendant
on-site maintenance
grocery store
in-unit washer/dryer
Building Details
Building Size
1,172 SF
Year Built
1968
Listing Agency:
KW Empower
Listed By:
Barbara Sontag-Feldman · License #RSR002442
(917) 562-4147
Source:
Patmckennarealtors
Added: Aug 1
Changed: Sep 5
Last Checked: Sep 8 at 11:14AM
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
Investment Insights
Based on property information with market context.
This owner-occupied cooperative residence offers a corner layout with two bedrooms, two bathrooms, and over 1,171 square feet of interior space. Expansive windows bring natural light into the living and dining areas, while the updated kitchen provides substantial cabinetry, counter space, and an in-unit washer and dryer. The primary suite includes a walk-in closet, a second closet, and a private bathroom. Six closets provide additional storage throughout the home.
Kennedy House provides a fitness center, resident library with computers and printers, and a rooftop deck with a pool, grills, seating areas, and city and sunset views. Building services include a staffed front desk seven days per week, a 24/7 lobby attendant, on-site maintenance, and a grocery store with deli service. The monthly fee includes electric, heat, air conditioning, water, basic cable, real estate taxes, and building maintenance.
The property is situated between Rittenhouse Square and Logan Square, near Suburban Station, 30th Street Station, Parkway museums, Logan Circle, universities, and public transportation. On-site garage parking is available. Purchasers require Board approval.
Kennedy House provides a fitness center, resident library with computers and printers, and a rooftop deck with a pool, grills, seating areas, and city and sunset views. Building services include a staffed front desk seven days per week, a 24/7 lobby attendant, on-site maintenance, and a grocery store with deli service. The monthly fee includes electric, heat, air conditioning, water, basic cable, real estate taxes, and building maintenance.
The property is situated between Rittenhouse Square and Logan Square, near Suburban Station, 30th Street Station, Parkway museums, Logan Circle, universities, and public transportation. On-site garage parking is available. Purchasers require Board approval.
Key Highlights
- Over 1,171 square feet with 2 bedrooms and 2 bathrooms
- Corner residence with expansive windows and open living and dining areas
- Updated kitchen with generous cabinetry, counter space, and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,435
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,700
$368.7K
Cap Rate 7%
$263,357
$263.4K
Cap Rate 9%
$204,833
$204.8K
Market Conditions
NOI Build-Up for 1,172 SF
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.
Gross rent
$35.6K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$33.5K $28.60/SF
− OpEx
−$15.1K −$12.87/SF
NOI
$18.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,700
Cap Rate 7%
$263,357
Cap Rate 9%
$204,833
Alternative Uses
Best Use
Apartment 5plus
$263.4K
$230.4K – $307.3K
NOI $18,435 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $20,000 @ 7.0% cap · market cap 3.85%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Owner-occupied cooperative residence with an updated kitchen, abundant storage, and shared rooftop amenities.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD Unit 906 Philadelphia, PA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Over 1,171 square feet with 2 bedrooms and 2 bathrooms; Corner residence with expansive windows and open living and dining areas; Updated kitchen with generous cabinetry, counter space, and in‑unit washer and dryer
