Residential Income Property with Square
For Sale
$799,000
1901 WALNUT STREET Unit 15F, Philadelphia, PA 19103
Two-bedroom co-op residence with a gallery, den, office, and eat-in kitchen.
Property Size1,575 SF
Days on Market95
Property Features for 1901 WALNUT STREET Unit 15F
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Building Details
Building Size
1,575 SF
Year Built
1949
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Melissa Valenti · License #RS285747
(215) 939-5823
Source:
Patmckennarealtors
Added: Jul 30
Changed: Oct 31
Last Checked: Oct 30 at 10:58PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 10A is a two-bedroom co-op residence with a 41' x 6' entry gallery, formal living and dining rooms, and a separate den with built-in cabinetry. The home also includes an eat-in kitchen equipped with Blue Star professional appliances, a walk-in pantry with a solid oak Welsh dresser, and a private office or library adjoining the main bedroom. Both bedrooms have en-suite baths, while the main suite adds a soaking tub, oversized shower, clothing storage, and an all-in-one washer/dryer. Two independent air conditioning systems serve the residence.
The south-facing living and dining rooms, along with the den and main bedroom, overlook Rittenhouse Square. The property is located at 1901 Walnut Street in Philadelphia’s 19103 ZIP code and was built in 1926. Rittenhouse Plaza permits one or two cats, or one board-approved dog subject to a twenty-inch height limit at full growth.
The south-facing living and dining rooms, along with the den and main bedroom, overlook Rittenhouse Square. The property is located at 1901 Walnut Street in Philadelphia’s 19103 ZIP code and was built in 1926. Rittenhouse Plaza permits one or two cats, or one board-approved dog subject to a twenty-inch height limit at full growth.
Key Highlights
- Two‑bedroom co‑op residence in Rittenhouse Plaza
- 41' x 6' entry gallery
- South‑facing living and dining rooms overlook Rittenhouse Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,774
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,480
$495.5K
Cap Rate 7%
$353,914
$353.9K
Cap Rate 9%
$275,267
$275.3K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$47.8K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.0K $28.60/SF
− OpEx
−$20.3K −$12.87/SF
NOI
$24.8K $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%
$495,480
Cap Rate 7%
$353,914
Cap Rate 9%
$275,267
Alternative Uses
Best Use
Apartment 5plus
$353.9K
$309.7K – $412.9K
NOI $24,774 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$384.0K
$336.0K – $448.0K
NOI $26,877 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
19,701
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 - Two-bedroom co-op residence with a gallery, den, office, and eat-in kitchen.
Where is this residential income property located?
The property is located at 1901 WALNUT STREET Unit 15F Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑bedroom co‑op residence in Rittenhouse Plaza; 41' x 6' entry gallery; South‑facing living and dining rooms overlook Rittenhouse Square
