Residential Income Property with
For Sale
$450,000
2008 S COLLEGE AVENUE Unit A, Philadelphia, PA 19121
A recently built, two-bedroom residence features private entry, contemporary finishes, and a rear patio with street access.
Property Size1,078 SF
Price / SF$417.44
Days on Market158
Property Features for 2008 S COLLEGE AVENUE Unit A
General Information
Standard status
Active
Size
1,078 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Francisville
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$768
Building Details
Building Size
1,078 SF
Year Built
2022
Listing Agency:
Redfin Corporation
Listed By:
Constantine Themis Pailas · License #RS346645
(267) 254-7410
Source:
Desantis-realestate
Added: May 27
Changed: Oct 29
Last Checked: Oct 27 at 3:43AM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
Built in 2022, this 1,078-square-foot residence has two bedrooms, each with a full bath. The open living and dining area connects to a modern kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and a tile backsplash. Wide-plank flooring, a private entrance, and a rear patio with street access add to the layout. The lower level also includes a laundry area with a full-size washer and dryer. The property sits on a 26-foot-wide lot.
The residence is identified as being in Philadelphia’s Fairmount and Francisville area, near Fairmount Avenue shops and restaurants, Whole Foods, Target, and major transit routes. Center City, University City, Kelly Drive, and I-76 are noted as accessible from the property. Street parking is available nearby. Six years remain on the tax abatement.
The residence is identified as being in Philadelphia’s Fairmount and Francisville area, near Fairmount Avenue shops and restaurants, Whole Foods, Target, and major transit routes. Center City, University City, Kelly Drive, and I-76 are noted as accessible from the property. Street parking is available nearby. Six years remain on the tax abatement.
Key Highlights
- 1,078‑square‑foot residence built in 2022
- Two bedrooms, each with a full bath
- Rear patio with street access and a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,956
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,120
$339.1K
Cap Rate 7%
$242,229
$242.2K
Cap Rate 9%
$188,400
$188.4K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$32.7K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.8K $28.60/SF
− OpEx
−$13.9K −$12.87/SF
NOI
$17.0K $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%
$339,120
Cap Rate 7%
$242,229
Cap Rate 9%
$188,400
Alternative Uses
Best Use
Apartment 5plus
$242.2K
$212.0K – $282.6K
NOI $16,956 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$262.8K
$230.0K – $306.6K
NOI $18,396 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,566
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A recently built, two-bedroom residence features private entry, contemporary finishes, and a rear patio with street access.
Where is this residential income property located?
The property is located at 2008 S COLLEGE AVENUE Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,078‑square‑foot residence built in 2022; Two bedrooms, each with a full bath; Rear patio with street access and a private entrance
