Two-Bedroom Residential
For Sale
$795,000
200 LOCUST STREET Unit 5G&H, Philadelphia, PA 19106
The combined corner residence has east- and south-facing exposure, an open kitchen, and bedrooms positioned on opposite sides.
Property Size1,433 SF
Days on Market29
Property Features for 200 LOCUST STREET Unit 5G&H
General Information
Standard status
Active
Size
1,433 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,590
Amenities
swimming pool
herb garden
fitness center
hospitality suites
on-site laundry facility
community room
storage lockers
concierge
security
grills
lounge areas
locker rooms
bicycle storage
Building Details
Building Size
1,433 SF
Year Built
1963
Listing Agency:
Elfant Wissahickon-Chestnut Hill
Listed By:
Louise Dalessandro · License #AB066994
(215) 247-3600
Source:
Patmckennarealtors
Added: Oct 8
Changed: Nov 2
Last Checked: Nov 4 at 9:44PM
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 Elfant Wissahickon-Chestnut Hill
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Investment Insights
Based on property information with market context.
This condominium combines former units 5G and 5H into a two-bedroom, two-bath residence in the North Tower, designed by I. M. Pei. East- and south-facing floor-to-ceiling windows bring in natural light and have screened openings. The open kitchen includes a wrap-around island, tiled backsplash, stainless steel appliances, and cabinet and counter space. One bathroom has a tiled walk-in shower; the other has a tub-and-shower combination. The primary bedroom includes an ensuite bathroom and walk-in closet, while the two bedrooms sit on opposite sides of the residence.
Built in 1963, Society Hill Towers occupies a five-acre landscaped campus in Philadelphia’s Society Hill. Building services include a 24-hour front desk concierge and security, and the condominium fee covers utilities, basic cable TV, internet, building management, and common-area maintenance. Shared amenities include a seasonal outdoor saltwater pool, fitness center, underground parking garage, bicycle storage, guest suites, laundry facility, community room, and storage lockers. The on-site shopping plaza includes Zahav Restaurant and Sue’s Produce Food Market.
Built in 1963, Society Hill Towers occupies a five-acre landscaped campus in Philadelphia’s Society Hill. Building services include a 24-hour front desk concierge and security, and the condominium fee covers utilities, basic cable TV, internet, building management, and common-area maintenance. Shared amenities include a seasonal outdoor saltwater pool, fitness center, underground parking garage, bicycle storage, guest suites, laundry facility, community room, and storage lockers. The on-site shopping plaza includes Zahav Restaurant and Sue’s Produce Food Market.
Key Highlights
- Two‑bedroom, two‑bath corner condominium formed from units 5G and 5H
- East- and south‑facing floor‑to‑ceiling windows with screened openings
- Open kitchen with wrap‑around island, stainless steel appliances, tiled backsplash, and cabinet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,540
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,800
$450.8K
Cap Rate 7%
$322,000
$322.0K
Cap Rate 9%
$250,444
$250.4K
Market Conditions
NOI Build-Up for 1,433 SF
Gross rent
$43.5K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$41.0K $28.60/SF
− OpEx
−$18.4K −$12.87/SF
NOI
$22.5K $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%
$450,800
Cap Rate 7%
$322,000
Cap Rate 9%
$250,444
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,540 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$349.3K
$305.7K – $407.6K
NOI $24,454 @ 7.0% cap · market cap 3.08%
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
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
Frequently Asked Questions
What type of property is this?
Residential income property - The combined corner residence has east- and south-facing exposure, an open kitchen, and bedrooms positioned on opposite sides.
Where is this residential income property located?
The property is located at 200 LOCUST STREET Unit 5G&H Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath corner condominium formed from units 5G and 5H; East- and south‑facing floor‑to‑ceiling windows with screened openings; Open kitchen with wrap‑around island, stainless steel appliances, tiled backsplash, and cabinet space
