Residential Income Property with Park
For Sale
$875,000
Pending
1901 WALNUT STREET Unit 6A, Philadelphia, PA 19103
The residence combines three bedrooms with a doorman, concierge, community room, and shared courtyard.
Property Size1,979 SF
Days on Market21
Property Features for 1901 WALNUT STREET Unit 6A
General Information
Standard status
Pending
Size
1,979 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
24-hour doorman
concierge
community room
shared courtyard
in-unit laundry
Building Details
Building Size
1,979 SF
Year Built
1949
Listing Agency:
KW Empower
Listed By:
Paul Rhodes · License #RS282012
(215) 603-9192
Source:
Patmckennarealtors
Added: Oct 12
Changed: Oct 31
Last Checked: Nov 1 at 1:19PM
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 3-bedroom, 2.5-bath residence in The Rittenhouse Plaza dates to 1949. Its layout includes a foyer, a large living and dining area, an eat-in kitchen, and a den or additional bedroom. The kitchen has custom cabinetry, granite counters, a gas range, tile backsplash, and breakfast bar. A powder room and stacked washer and dryer are located nearby. The primary bedroom has a private bath with a glass-enclosed walk-in shower; the second bedroom also has an ensuite bath. Original architectural details remain, and south-facing windows look toward Rittenhouse Square, with city views from the den.
Building amenities include a 24-hour doorman, concierge, community room, and shared courtyard. The address is steps from restaurants, retailers, and cultural institutions, with access to University City, the Market Street office corridor, public transportation, and Amtrak’s 30th Street Station.
Building amenities include a 24-hour doorman, concierge, community room, and shared courtyard. The address is steps from restaurants, retailers, and cultural institutions, with access to University City, the Market Street office corridor, public transportation, and Amtrak’s 30th Street Station.
Key Highlights
- Three bedrooms and 2.5 bathrooms
- South‑facing windows overlook Rittenhouse Square; the den has city views
- Eat‑in kitchen with custom cabinetry, granite counters, gas range, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,129
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,580
$622.6K
Cap Rate 7%
$444,700
$444.7K
Cap Rate 9%
$345,878
$345.9K
Market Conditions
NOI Build-Up for 1,979 SF
Gross rent
$60.1K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$56.6K $28.60/SF
− OpEx
−$25.5K −$12.87/SF
NOI
$31.1K $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%
$622,580
Cap Rate 7%
$444,700
Cap Rate 9%
$345,878
Alternative Uses
Best Use
Apartment 5plus
$444.7K
$389.1K – $518.8K
NOI $31,129 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$482.4K
$422.1K – $562.9K
NOI $33,771 @ 7.0% cap · market cap 3.86%
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
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 - The residence combines three bedrooms with a doorman, concierge, community room, and shared courtyard.
Where is this residential income property located?
The property is located at 1901 WALNUT STREET Unit 6A Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three bedrooms and 2.5 bathrooms; South‑facing windows overlook Rittenhouse Square; the den has city views; Eat‑in kitchen with custom cabinetry, granite counters, gas range, and breakfast bar
