Full-Floor Residential Income
For Sale
$500,000
201 N BROAD STREET Unit 4, Philadelphia, PA 19107
Flexible live-work layout with abundant windows, polished concrete floors, and two full bathrooms.
Property Size2,105 SF
Days on Market26
Property Features for 201 N BROAD STREET Unit 4
General Information
Standard status
Active
Size
2,105 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,628
Amenities
lobby
in-unit laundry
Building Details
Building Size
2,105 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach-Haverford
Listed By:
Lisa A Ciccotelli · License #RS284312
(610) 202-4429
Source:
Patmckennarealtors
Added: Sep 22
Changed: Oct 17
Last Checked: Oct 16 at 4:36PM
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-Haverford
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Investment Insights
Based on property information with market context.
This full-floor residential income property occupies the fourth floor of the Abbott Building at 201 N Broad Street in Philadelphia. The layout features polished concrete floors, 11-foot ceilings, three walls of windows, two full bathrooms, a dedicated laundry room, and an open arrangement that can accommodate two or three bedrooms. One enclosed room includes an en suite bathroom and walk-in shower, supporting use as a bedroom, office, den, studio, or guest room. The kitchen includes stainless steel appliances and contemporary cabinetry.
The property is positioned in Center City with a 97 Walk Score and 100 Transit Score. Philadelphia City Hall, Dilworth Park, PAFA, Reading Terminal Market, the Pennsylvania Convention Center, Chinatown, the Avenue of the Arts, restaurants, shopping, entertainment, and public transportation are within walking distance. Nearby medical institutions include Thomas Jefferson University Hospital, Pennsylvania Hospital, and Wills Eye Hospital. The building contains nine loft residences, and the property offers convenient access to major highways serving Philadelphia and the surrounding suburbs.
The property is positioned in Center City with a 97 Walk Score and 100 Transit Score. Philadelphia City Hall, Dilworth Park, PAFA, Reading Terminal Market, the Pennsylvania Convention Center, Chinatown, the Avenue of the Arts, restaurants, shopping, entertainment, and public transportation are within walking distance. Nearby medical institutions include Thomas Jefferson University Hospital, Pennsylvania Hospital, and Wills Eye Hospital. The building contains nine loft residences, and the property offers convenient access to major highways serving Philadelphia and the surrounding suburbs.
Key Highlights
- Fourth‑floor full‑floor residence at 201 N Broad Street, Philadelphia, PA 19107
- 11‑foot ceilings, polished concrete floors, and three walls of windows
- Two full bathrooms and a dedicated in‑unit laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,111
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,220
$662.2K
Cap Rate 7%
$473,014
$473.0K
Cap Rate 9%
$367,900
$367.9K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$63.9K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$60.2K $28.60/SF
− OpEx
−$27.1K −$12.87/SF
NOI
$33.1K $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%
$662,220
Cap Rate 7%
$473,014
Cap Rate 9%
$367,900
Alternative Uses
Best Use
Apartment 5plus
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 6.62%
Second Best
Office B
$395.7K
$346.3K – $461.7K
NOI $27,701 @ 7.0% cap · market cap 5.54%
Theoretical Best
Multifamily LT 5
$513.2K
$449.0K – $598.7K
NOI $35,922 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
25,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Residential income property - Flexible live-work layout with abundant windows, polished concrete floors, and two full bathrooms.
Where is this residential income property located?
The property is located at 201 N BROAD STREET Unit 4 Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fourth‑floor full‑floor residence at 201 N Broad Street, Philadelphia, PA 19107; 11‑foot ceilings, polished concrete floors, and three walls of windows; Two full bathrooms and a dedicated in‑unit laundry room
