Two-Bedroom Residential Income
For Sale
$270,000
2101 CHESTNUT STREET Unit 408, Philadelphia, PA 19103
The unit features wood floors, broad windows, and a kitchen equipped with stainless steel appliances.
Property Size862 SF
Price / SF$313.23
Days on Market79
Property Features for 2101 CHESTNUT STREET Unit 408
General Information
Standard status
Active
Size
862 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,477
Amenities
fitness center
business center with Wi-Fi
24-hour lobby attendant
Building Details
Building Size
862 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 27 at 4:33AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 862-square-foot, two-bedroom residential income property is a condominium unit at 2101 Chestnut Street. Interior features include wood flooring, expansive windows, a kitchen with wood cabinetry and stainless steel appliances, and a bathroom with ceramic tile flooring. The primary bedroom has two exposures, and both bedrooms include closet space.
Condominium fees cover gas, water, and electricity. Residents have access to a fitness center, a business center with Wi-Fi, and a lobby attendant around the clock. Garage parking is available for an additional fee. The building dates to 1900 and is in Philadelphia’s Rittenhouse Square area, with Center City dining, shopping, nightlife, and cultural destinations nearby. The University of Pennsylvania, Drexel University, 30th Street Station, and major hospitals are also described as minutes away.
Condominium fees cover gas, water, and electricity. Residents have access to a fitness center, a business center with Wi-Fi, and a lobby attendant around the clock. Garage parking is available for an additional fee. The building dates to 1900 and is in Philadelphia’s Rittenhouse Square area, with Center City dining, shopping, nightlife, and cultural destinations nearby. The University of Pennsylvania, Drexel University, 30th Street Station, and major hospitals are also described as minutes away.
Key Highlights
- 862‑square‑foot, two‑bedroom condominium unit
- Condominium fees include gas, water, and electricity
- Fitness center, Wi‑Fi‑equipped business center, and 24‑hour lobby attendant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,559
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,180
$271.2K
Cap Rate 7%
$193,700
$193.7K
Cap Rate 9%
$150,656
$150.7K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$26.2K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.7K $28.60/SF
− OpEx
−$11.1K −$12.87/SF
NOI
$13.6K $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 Rate 5%
$271,180
Cap Rate 7%
$193,700
Cap Rate 9%
$150,656
Alternative Uses
Best Use
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,559 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 5.45%
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
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 - The unit features wood floors, broad windows, and a kitchen equipped with stainless steel appliances.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 408 Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 862‑square‑foot, two‑bedroom condominium unit; Condominium fees include gas, water, and electricity; Fitness center, Wi‑Fi‑equipped business center, and 24‑hour lobby attendant
