Leased One-Bedroom Income
For Sale
$169,900
2101 CHESTNUT STREET Unit 1813, Philadelphia, PA 19103
Condominium residence with included utilities, fitness facilities, and 24-hour front desk service.
Property Size538 SF
Days on Market22
Property Features for 2101 CHESTNUT STREET Unit 1813
General Information
Standard status
Active
Size
538 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Financials
Gross Income
$19,800
Average Monthly Rent
$1,650
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,406
Amenities
24-hour front desk service
fitness center
co-working space
on-site parking
Building Details
Building Size
538 SF
Year Built
1900
Tenancy
Single
Listing Agency:
Real of Pennsylvania
(267) 981-9428
Listed By:
Sabina Sultanova · License #RS359819
(267) 981-9428
Source:
Patmckennarealtors
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 4 at 2:01AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
Unit 1813 is a one-bedroom, one-bath condominium within a residential income property built in 1900. The residence includes utilities through the condominium fees and offers access to a fitness center, co-working space, and 24-hour front desk service. On-site parking is available for an additional fee.
The property is located at 2101 Chestnut Street in Philadelphia, near Rittenhouse Square and the area’s shopping, dining, and entertainment. The residence is leased through July 27, 2027, with the tenant in place. The lease may be ended with one month’s notice if a buyer elects vacant delivery, providing either continued tenancy or an owner-occupancy option.
The property is located at 2101 Chestnut Street in Philadelphia, near Rittenhouse Square and the area’s shopping, dining, and entertainment. The residence is leased through July 27, 2027, with the tenant in place. The lease may be ended with one month’s notice if a buyer elects vacant delivery, providing either continued tenancy or an owner-occupancy option.
Key Highlights
- One‑bedroom, one‑bath condominium at 2101 Chestnut Street, Unit 1813
- Leased through July 27, 2027
- Lease may be ended with one month’s notice for vacant delivery
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $30.36 |
| − Vacancy | −$947 | −$1.76 |
| EGI | $15.4k | $28.60 |
| − OpEx | −$6.9k | −$12.87 |
| NOI | $8.5k | $15.73 |
538 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$120.9K
$105.8K – $141.0K
NOI $8,462 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$131.2K
$114.8K – $153.0K
NOI $9,181 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16,107
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
$551,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with included utilities, fitness facilities, and 24-hour front desk service.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 1813 Philadelphia, PA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium at 2101 Chestnut Street, Unit 1813; Leased through July 27, 2027; Lease may be ended with one month’s notice for vacant delivery
