Charming Condo in Art
For Sale
$139,500
2019 SPRING GARDEN ST STREET #2R, Philadelphia, PA 19130
Sun-filled 1 bed, 1 bath condo in prime location.
Property Size472 SF
Days on Market334
Property Features for 2019 SPRING GARDEN ST STREET #2R
General Information
Standard status
Active
Size
472 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Philadelphia
Amenities
Forced Air
Central A/C
Baseboard - Electric
Building Details
Building Size
472 SF
Year Built
1900
Listing Agency:
KW Empower
Listed By:
Edward Foy · License #RS331193
(610) 908-9391
Source:
Kw
Added: Nov 24, 2025
Changed: Oct 14
Last Checked: Oct 23 at 4:11PM
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 KW Empower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on a tree-lined block in the Art Museum neighborhood, this condo is set within a preserved historic brownstone. The residence features original hardwood floors, high ceilings, and large windows that provide natural light. The open living and kitchen area includes classic moldings and cabinetry, with space for dining and entertaining. The bedroom has multiple windows. A full bath with a tub and shower is included. The property is near Fairmount Avenue, restaurants, cafes, museums, Kelly Drive, and public transit, offering access to city amenities. This property is suitable for a first-time buyer, investor.
Key Highlights
- Prime Art Museum location, steps from Fairmount Avenue, restaurants, cafes, museums, Kelly Drive, and public transit.
- Low monthly condo fee.
- Original hardwood floors, soaring ceilings, and oversized windows providing abundant natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,424
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,480
$148.5K
Cap Rate 7%
$106,057
$106.1K
Cap Rate 9%
$82,489
$82.5K
Market Conditions
NOI Build-Up for 472 SF
Gross rent
$14.3K $30.36/SF
− Vacancy
−$831 −$1.76/SF
EGI
$13.5K $28.60/SF
− OpEx
−$6.1K −$12.87/SF
NOI
$7.4K $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%
$148,480
Cap Rate 7%
$106,057
Cap Rate 9%
$82,489
Alternative Uses
Best Use
Apartment 5plus
$106.1K
$92.8K – $123.7K
NOI $7,424 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$115.1K
$100.7K – $134.3K
NOI $8,055 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,705
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Sun-filled 1 bed, 1 bath condo in prime location.
Where is this apartment building located?
The property is located at 2019 SPRING GARDEN ST STREET #2R Philadelphia, PA.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: Prime Art Museum location, steps from Fairmount Avenue, restaurants, cafes, museums, Kelly Drive, and public transit.; Low monthly condo fee.; Original hardwood floors, soaring ceilings, and oversized windows providing abundant natural light.
