One-Bedroom Residential Income
For Sale
$175,000
2101 CHESTNUT STREET Unit 310, Philadelphia, PA 19103
The condominium includes a renovated kitchen, an in-unit dishwasher, and building amenities such as a fitness center and lobby attendant.
Property Size538 SF
Days on Market34
Property Features for 2101 CHESTNUT STREET Unit 310
General Information
Standard status
Active
Size
538 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,605
Amenities
fitness center
24-hour lobby attendant
on-site maintenance
in-unit dishwasher
pet-friendly
Building Details
Building Size
538 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Sep 29
Changed: Oct 31
Last Checked: Oct 30 at 11:07PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
Unit 310 is a one-bedroom condominium with separate living and dining areas, oversized windows, upgraded flooring, and generous bedroom closet space. The kitchen has white Shaker-style cabinets, quartz counters, stainless-steel appliances, and a dishwasher. A tiled walk-in shower with glass enclosure completes the bathroom. The building dates to 1900.
Condominium fees cover gas, water, electricity, and on-site maintenance, along with use of a fitness center and a lobby attendant around the clock. The property is in Rittenhouse Square, near restaurants, shops, theaters, public transportation, Penn and Drexel campuses, 30th Street Station, and major hospitals. The condominium permits pets.
Condominium fees cover gas, water, electricity, and on-site maintenance, along with use of a fitness center and a lobby attendant around the clock. The property is in Rittenhouse Square, near restaurants, shops, theaters, public transportation, Penn and Drexel campuses, 30th Street Station, and major hospitals. The condominium permits pets.
Key Highlights
- One‑bedroom condominium with separate living and dining areas
- Kitchen includes quartz countertops, stainless‑steel appliances, and an in‑unit dishwasher
- Fees cover gas, water, electricity, and on‑site maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,462
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,240
$169.2K
Cap Rate 7%
$120,886
$120.9K
Cap Rate 9%
$94,022
$94.0K
Market Conditions
NOI Build-Up for 538 SF
Gross rent
$16.3K $30.36/SF
− Vacancy
−$947 −$1.76/SF
EGI
$15.4K $28.60/SF
− OpEx
−$6.9K −$12.87/SF
NOI
$8.5K $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%
$169,240
Cap Rate 7%
$120,886
Cap Rate 9%
$94,022
Alternative Uses
Best Use
Apartment 5plus
$120.9K
$105.8K – $141.0K
NOI $8,462 @ 7.0% cap · market cap 4.84%
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 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16,107
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 - The condominium includes a renovated kitchen, an in-unit dishwasher, and building amenities such as a fitness center and lobby attendant.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 310 Philadelphia, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: One‑bedroom condominium with separate living and dining areas; Kitchen includes quartz countertops, stainless‑steel appliances, and an in‑unit dishwasher; Fees cover gas, water, electricity, and on‑site maintenance
