Residential Income Property with River
For Sale
$379,000
200 LOCUST STREET Unit 16DN, Philadelphia, PA 19106
The renovated corner residence has an open layout, a kitchen island, and access to building amenities.
Property Size803 SF
Price / SF$471.98
Days on Market100
Property Features for 200 LOCUST STREET Unit 16DN
General Information
Standard status
Active
Size
803 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,563
Amenities
24-hour concierge and security
fitness center
saltwater pool
garage parking
on-site laundry
market
dry cleaning services
beautifully maintained grounds
Building Details
Building Size
803 SF
Year Built
1963
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This renovated corner residence offers 803 square feet with one bedroom and one bathroom. Floor-to-ceiling windows bring in natural light and frame skyline and river views. The open layout includes wide-plank hardwood floors and a kitchen with quartz countertops, shaker cabinetry, stainless steel appliances, a marble backsplash, and a seating island. The building was constructed in 1963.
Residents have access to a 24-hour concierge and security, fitness center, saltwater pool, on-site laundry, market, dry-cleaning services, garage parking for an additional fee, and maintained grounds. The property is in Philadelphia’s Society Hill, near restaurants, entertainment, historic landmarks, Penn’s Landing, and Center City. I-95, hospitals, and South Jersey are also noted as accessible from the area.
Residents have access to a 24-hour concierge and security, fitness center, saltwater pool, on-site laundry, market, dry-cleaning services, garage parking for an additional fee, and maintained grounds. The property is in Philadelphia’s Society Hill, near restaurants, entertainment, historic landmarks, Penn’s Landing, and Center City. I-95, hospitals, and South Jersey are also noted as accessible from the area.
Key Highlights
- Renovated 803‑square‑foot corner residence with skyline and river views
- One bedroom and one bathroom
- Floor‑to‑ceiling windows and an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,631
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,620
$252.6K
Cap Rate 7%
$180,443
$180.4K
Cap Rate 9%
$140,344
$140.3K
Market Conditions
NOI Build-Up for 803 SF
Gross rent
$24.4K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.0K $28.60/SF
− OpEx
−$10.3K −$12.87/SF
NOI
$12.6K $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%
$252,620
Cap Rate 7%
$180,443
Cap Rate 9%
$140,344
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,631 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$195.8K
$171.3K – $228.4K
NOI $13,703 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,814
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The renovated corner residence has an open layout, a kitchen island, and access to building amenities.
Where is this residential income property located?
The property is located at 200 LOCUST STREET Unit 16DN Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Renovated 803‑square‑foot corner residence with skyline and river views; One bedroom and one bathroom; Floor‑to‑ceiling windows and an open layout
