Bay-Window One-Bedroom
For Sale
$299,900
2018 WALNUT STREET Unit 8K, Philadelphia, PA 19103
A full-service residential building offers a doorman, fitness center, seasonal rooftop pool and renovated shared spaces.
Property Size700 SF
Price / SF$428.43
Days on Market405
Property Features for 2018 WALNUT STREET Unit 8K
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,006
Amenities
24-hour doorman
seasonal rooftop pool
fitness center
parking garage
meeting room
amenity lounge
Building Details
Building Size
700 SF
Year Built
1980
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Wagnerrealestate
Added: Sep 26, 2025
Changed: Nov 2
Last Checked: Nov 4 at 9:03AM
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 Allan Domb Real Estate
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Investment Insights
Based on property information with market context.
This 700-square-foot, one-bedroom residence at Wanamaker House features bay windows, floor-to-ceiling windows and a foyer with a double coat closet. The living and dining area connects to an open kitchen with white appliances, ample cabinetry and counter space. The bedroom has a wall closet and access to an updated full bathroom with a tub and shower; a separate walk-in closet adds storage. The building was constructed in 1980.
Residents have access to a 24-hour doorman, fitness center and seasonal rooftop pool. A parking garage is available for an additional fee, subject to availability. Renovated common areas include the lobby, hallways, meeting room, amenity lounge and fitness center. The property is one block from Rittenhouse Square in Philadelphia.
Residents have access to a 24-hour doorman, fitness center and seasonal rooftop pool. A parking garage is available for an additional fee, subject to availability. Renovated common areas include the lobby, hallways, meeting room, amenity lounge and fitness center. The property is one block from Rittenhouse Square in Philadelphia.
Key Highlights
- 700‑square‑foot, one‑bedroom residence with bay windows
- 24‑hour doorman, fitness center and seasonal rooftop pool
- Renovated lobby, hallways, meeting room, amenity lounge and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,011
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,220
$220.2K
Cap Rate 7%
$157,300
$157.3K
Cap Rate 9%
$122,344
$122.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$21.3K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$20.0K $28.60/SF
− OpEx
−$9.0K −$12.87/SF
NOI
$11.0K $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%
$220,220
Cap Rate 7%
$157,300
Cap Rate 9%
$122,344
Alternative Uses
Best Use
Apartment 5plus
$157.3K
$137.6K – $183.5K
NOI $11,011 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$170.6K
$149.3K – $199.1K
NOI $11,945 @ 7.0% cap · market cap 3.98%
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
16,659
Businesses Nearby
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Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A full-service residential building offers a doorman, fitness center, seasonal rooftop pool and renovated shared spaces.
Where is this residential income property located?
The property is located at 2018 WALNUT STREET Unit 8K Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 700‑square‑foot, one‑bedroom residence with bay windows; 24‑hour doorman, fitness center and seasonal rooftop pool; Renovated lobby, hallways, meeting room, amenity lounge and fitness center
