Kennedy House Residential Income
For Sale
$199,000
1901 JOHN F KENNEDY BOULEVARD Unit 913, Philadelphia, PA 19103
Spacious co-op residence with walk-in closets, in-unit laundry, and access to extensive building amenities.
Property Size872 SF
Price / SF$228.21
Days on Market149
Property Features for 1901 JOHN F KENNEDY BOULEVARD Unit 913
General Information
Standard status
Active
Size
872 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
24-hour doorperson
updated fitness center
resident library
on-site laundry facilities
rooftop deck
Building Details
Building Size
872 SF
Year Built
1960
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Melissa Valenti · License #RS285747
(215) 939-5823
Source:
Patmckennarealtors
Added: Apr 14
Changed: Sep 5
Last Checked: Sep 8 at 10:02AM
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 913 at Kennedy House is an 872-square-foot co-op residence built in 1960, with a generously proportioned interior, two large walk-in closets, and in-unit laundry. The space is positioned for customization, while residents also have access to a 24-hour doorperson, fitness center, library, rooftop deck, on-site laundry facilities, and garage parking. The building permits cats.
The property occupies a central Philadelphia location near both Suburban Station and 30th Street Station, with Rittenhouse Square within walking distance. Dining, shopping, and daily conveniences are close by, including Kennedy Food Garden in the building and Trader Joe’s two blocks away. The monthly co-op fee covers utilities, basic cable, real estate taxes, and maintenance. Purchasers require Kennedy House Board approval.
The property occupies a central Philadelphia location near both Suburban Station and 30th Street Station, with Rittenhouse Square within walking distance. Dining, shopping, and daily conveniences are close by, including Kennedy Food Garden in the building and Trader Joe’s two blocks away. The monthly co-op fee covers utilities, basic cable, real estate taxes, and maintenance. Purchasers require Kennedy House Board approval.
Key Highlights
- 872‑square‑foot residence in Kennedy House
- Two large walk‑in closets and in‑unit laundry
- 24‑hour doorperson, fitness center, library, and rooftop deck
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
$13,716
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
6.89%
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%
$274,320
$274.3K
Cap Rate 7%
$195,943
$195.9K
Cap Rate 9%
$152,400
$152.4K
Market Conditions
NOI Build-Up for 872 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
$26.5K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.9K $28.60/SF
− OpEx
−$11.2K −$12.87/SF
NOI
$13.7K $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%
$274,320
Cap Rate 7%
$195,943
Cap Rate 9%
$152,400
Alternative Uses
Best Use
Apartment 5plus
$195.9K
$171.5K – $228.6K
NOI $13,716 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 7.48%
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 - Spacious co-op residence with walk-in closets, in-unit laundry, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD Unit 913 Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 872‑square‑foot residence in Kennedy House; Two large walk‑in closets and in‑unit laundry; 24‑hour doorperson, fitness center, library, and rooftop deck
