Residential Income
For Sale
$375,000
2049 WALNUT STREET Unit 1R, Philadelphia, PA 19103
A one-bedroom residence pairs an open living and dining area with an en suite bath and separate powder room.
Property Size889 SF
Days on Market42
Property Features for 2049 WALNUT STREET Unit 1R
General Information
Standard status
Active
Size
889 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,140
Building Details
Building Size
889 SF
Year Built
1900
Construction
brownstone
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Scott Hickman · License #RS337324
(267) 973-1490
Source:
Patmckennarealtors
Added: Sep 21
Changed: Oct 31
Last Checked: Nov 1 at 2:35PM
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
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.
This condominium residence is located in a brownstone built in 1900. Its layout includes one bedroom with an en suite marble bathroom, a separate powder room, and an open living and dining area connected to the kitchen. Interior features include high ceilings, large windows, hardwood flooring, custom kitchen cabinetry, and premium appliances.
The property is steps from Rittenhouse Square and Philadelphia dining, shopping, and cultural destinations.
The property is steps from Rittenhouse Square and Philadelphia dining, shopping, and cultural destinations.
Key Highlights
- Brownstone condominium building constructed in 1900
- One bedroom with an en suite marble bathroom and a separate powder room
- Open‑concept kitchen, living, and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,984
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,680
$279.7K
Cap Rate 7%
$199,771
$199.8K
Cap Rate 9%
$155,378
$155.4K
Market Conditions
NOI Build-Up for 889 SF
Gross rent
$27.0K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.4K $28.60/SF
− OpEx
−$11.4K −$12.87/SF
NOI
$14.0K $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%
$279,680
Cap Rate 7%
$199,771
Cap Rate 9%
$155,378
Alternative Uses
Best Use
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,984 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$216.7K
$189.6K – $252.9K
NOI $15,171 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16,659
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence pairs an open living and dining area with an en suite bath and separate powder room.
Where is this residential income property located?
The property is located at 2049 WALNUT STREET Unit 1R Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Brownstone condominium building constructed in 1900; One bedroom with an en suite marble bathroom and a separate powder room; Open‑concept kitchen, living, and dining areas
