High-Rise Residential Income
For Sale
$247,500
200 LOCUST STREET Unit 29HN, Philadelphia, PA 19106
The 712-square-foot residence has parquet flooring, an updated kitchen, and gas cooking.
Property Size712 SF
Price / SF$347.61
Days on Market151
Property Features for 200 LOCUST STREET Unit 29HN
General Information
Standard status
Active
Size
712 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,894
Amenities
underground garage parking
in-ground swimming pool
Building Details
Building Size
712 SF
Year Built
1963
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Jody Dimitruk · License #RS134128A
(215) 480-4964
Source:
Desantis-realestate
Added: Jun 3
Changed: Oct 26
Last Checked: Oct 31 at 1:31PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
Within Society Hill Towers, this 712-square-foot residence features parquet flooring and an updated kitchen with gas cooking. Three floor-to-ceiling windows in the living room and two more in the bedroom frame views toward Philadelphia’s southern skyline and the Delaware River. The building, designed by I. M. Pei, was completed in 1963.
The property is at 200 Locust Street in Philadelphia. Building amenities include underground garage parking and an in-ground swimming pool; pool use is available for an additional charge. The HVAC assessment has been paid in full.
The property is at 200 Locust Street in Philadelphia. Building amenities include underground garage parking and an in-ground swimming pool; pool use is available for an additional charge. The HVAC assessment has been paid in full.
Key Highlights
- 712‑square‑foot residence in Society Hill Towers
- Three floor‑to‑ceiling living room windows and two bedroom windows
- Updated kitchen with gas cooking and parquet flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,199
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,980
$224.0K
Cap Rate 7%
$159,986
$160.0K
Cap Rate 9%
$124,433
$124.4K
Market Conditions
NOI Build-Up for 712 SF
Gross rent
$21.6K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$20.4K $28.60/SF
− OpEx
−$9.2K −$12.87/SF
NOI
$11.2K $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%
$223,980
Cap Rate 7%
$159,986
Cap Rate 9%
$124,433
Alternative Uses
Best Use
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,199 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$173.6K
$151.9K – $202.5K
NOI $12,150 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,814
Businesses Nearby
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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 712-square-foot residence has parquet flooring, an updated kitchen, and gas cooking.
Where is this residential income property located?
The property is located at 200 LOCUST STREET Unit 29HN Philadelphia, PA.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: 712‑square‑foot residence in Society Hill Towers; Three floor‑to‑ceiling living room windows and two bedroom windows; Updated kitchen with gas cooking and parquet flooring
