Studio Residential Income
For Sale
$190,000
1901 JOHN F KENNEDY BOULEVARD #816, Philadelphia, PA 19103
South-facing unit with wood flooring, updated bath, in-unit laundry, and access to extensive full-service building amenities.
Property Size518 SF
Price / SF$366.96
Days on Market246
Property Features for 1901 JOHN F KENNEDY BOULEVARD #816
General Information
Standard status
Active
Size
518 SF
Property subtype
Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
24-hour security
concierge
onsite management
attached garage
rooftop pool
fitness center
community room
hospitality suites
bike storage
library
laundry facilities
in-unit washer/dryer
Wall Unit
Building Details
Year Built
1968
Listing Agency:
KW Empower
Listed By:
Barbara Sontag-Feldman · License #RSR002442
(917) 562-4147
Source:
Kw
Added: Feb 20
Changed: Oct 21
Last Checked: Oct 23 at 4:55PM
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
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 south-facing studio at The Kennedy House provides 517.77 square feet of living space, with wood cabinetry, wood flooring, an updated bathroom, and a washer and dryer within the unit. Built in 1968, the cooperative also offers wall-unit air conditioning and an attached garage. Board approval is required, with no subletting permitted; the building allows up to two cats and/or birds per residence.
Resident amenities include 24-hour security, concierge service, onsite management, a rooftop pool with Philadelphia skyline views, fitness center, community room, hospitality suites, bike storage, library, and laundry facilities. The monthly fee covers real estate taxes, electricity, air conditioning, heat, water, basic cable TV, rooftop pool access, and fitness center access. The property is located near Suburban Station and Amtrak’s 30th Street Station, with bus service at the corner. Kennedy Food Garden and na Brasa Brazilian Steakhouse are located within the building.
Resident amenities include 24-hour security, concierge service, onsite management, a rooftop pool with Philadelphia skyline views, fitness center, community room, hospitality suites, bike storage, library, and laundry facilities. The monthly fee covers real estate taxes, electricity, air conditioning, heat, water, basic cable TV, rooftop pool access, and fitness center access. The property is located near Suburban Station and Amtrak’s 30th Street Station, with bus service at the corner. Kennedy Food Garden and na Brasa Brazilian Steakhouse are located within the building.
Key Highlights
- 517.77‑square‑foot south‑facing studio in The Kennedy House
- Wood cabinetry, wood floors, updated bathroom, and in‑unit washer and dryer
- Rooftop pool, fitness center, community room, library, and bike storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,144
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,880
$162.9K
Cap Rate 7%
$116,343
$116.3K
Cap Rate 9%
$90,489
$90.5K
Market Conditions
NOI Build-Up for 518 SF
Gross rent
$15.7K $30.36/SF
− Vacancy
−$912 −$1.76/SF
EGI
$14.8K $28.60/SF
− OpEx
−$6.7K −$12.87/SF
NOI
$8.1K $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%
$162,880
Cap Rate 7%
$116,343
Cap Rate 9%
$90,489
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,144 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$126.2K
$110.5K – $147.3K
NOI $8,836 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing unit with wood flooring, updated bath, in-unit laundry, and access to extensive full-service building amenities.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD #816 Philadelphia, PA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 517.77‑square‑foot south‑facing studio in The Kennedy House; Wood cabinetry, wood floors, updated bathroom, and in‑unit washer and dryer; Rooftop pool, fitness center, community room, library, and bike storage
