Updated Townhome-Style Income
For Sale
$699,900
Pending
2034 ARCH STREET Unit KLW, Philadelphia, PA 19103
Gated community residence with private patio, underground garage parking, storage, and landscaped shared amenities.
Property Size1,691 SF
Days on Market31
Property Features for 2034 ARCH STREET Unit KLW
General Information
Standard status
Pending
Size
1,691 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,203
Amenities
landscaped community courtyard
outdoor entertaining space
wood-burning fireplace
updated kitchen
private storage room
outdoor kitchen
grilling station
communal dining table
lounge areas
firepit
in-unit washer/dryer
Building Details
Building Size
1,691 SF
Year Built
1980
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Christopher David Fuhrman · License #RS363795
(215) 608-5500
Source:
Patmckennarealtors
Added: Aug 10
Changed: Sep 5
Last Checked: Sep 8 at 12:13PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Built in 1980, this updated townhome-style residential income property offers two bedrooms, three bathrooms, and a comfortable multi-level layout. The main floor combines living and dining areas with refinished hardwood floors, a wood-burning fireplace, a private patio, and an updated kitchen featuring custom cabinetry, granite counters, stone tile, stainless steel appliances, and an island. The upper level includes a primary suite with an upgraded private bath, a second bedroom with its own full bath, built-in storage, and a Murphy bed. A full-size washer and dryer are also located upstairs.
The property includes assigned underground garage parking and a private storage room within the gated Walden Walk community. Shared outdoor features include a landscaped courtyard, raised garden beds, fountain, outdoor kitchen, grilling station, communal dining area, lounge spaces, firepit, and built-in seating. Improvements include a newer HVAC system from 2021 and refinished hardwood flooring completed in 2024. The address is near Rittenhouse Square, the Benjamin Franklin Parkway, the Schuylkill River Trail, 30th Street Station, restaurants, hospitals, universities, Trader Joe’s, and Whole Foods.
The property includes assigned underground garage parking and a private storage room within the gated Walden Walk community. Shared outdoor features include a landscaped courtyard, raised garden beds, fountain, outdoor kitchen, grilling station, communal dining area, lounge spaces, firepit, and built-in seating. Improvements include a newer HVAC system from 2021 and refinished hardwood flooring completed in 2024. The address is near Rittenhouse Square, the Benjamin Franklin Parkway, the Schuylkill River Trail, 30th Street Station, restaurants, hospitals, universities, Trader Joe’s, and Whole Foods.
Key Highlights
- Two‑bedroom, three‑bathroom townhome‑style layout built in 1980
- HVAC system installed in 2021 and hardwood flooring refinished in 2024
- Assigned underground garage parking and private storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,980
$532.0K
Cap Rate 7%
$379,986
$380.0K
Cap Rate 9%
$295,544
$295.5K
Market Conditions
NOI Build-Up for 1,691 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.3K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.4K $28.60/SF
− OpEx
−$21.8K −$12.87/SF
NOI
$26.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,980
Cap Rate 7%
$379,986
Cap Rate 9%
$295,544
Alternative Uses
Best Use
Apartment 5plus
$380.0K
$332.5K – $443.3K
NOI $26,599 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$412.2K
$360.7K – $481.0K
NOI $28,857 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,683
Businesses Nearby
Explore this area
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 - Gated community residence with private patio, underground garage parking, storage, and landscaped shared amenities.
Where is this residential income property located?
The property is located at 2034 ARCH STREET Unit KLW Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑bedroom, three‑bathroom townhome‑style layout built in 1980; HVAC system installed in 2021 and hardwood flooring refinished in 2024; Assigned underground garage parking and private storage room
