Studio Residential Income
For Sale
$105,000
2101 CHESTNUT STREET Unit 502, Philadelphia, PA 19103
Fifth-floor condominium with a clear view, shared community room, gym, and association-covered utilities.
Property Size406 SF
Days on Market264
Property Features for 2101 CHESTNUT STREET Unit 502
General Information
Standard status
Active
Size
406 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,853
Amenities
community room
gym
Building Details
Building Size
406 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(215) 913-8615
Listed By:
David Gower · License #RS305023
(215) 913-8615
Source:
Patmckennarealtors
Added: Nov 14, 2025
Changed: Aug 4
Last Checked: Aug 5 at 4:17AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This studio condominium is located on the fifth floor of River West Condominiums and offers a clear view. The building dates to 1900 and provides resident amenities including a community room and gym on the second floor. The association fee includes all utilities, simplifying ongoing occupancy arrangements.
The property is at 2101 Chestnut Street, Unit 502, in Philadelphia. It is positioned steps from Rittenhouse Square Park and near coffee shops. Penn Medicine, Jefferson Hospital, the University of Pennsylvania, and Drexel are also in close proximity.
The property is at 2101 Chestnut Street, Unit 502, in Philadelphia. It is positioned steps from Rittenhouse Square Park and near coffee shops. Penn Medicine, Jefferson Hospital, the University of Pennsylvania, and Drexel are also in close proximity.
Key Highlights
- Studio condominium at 2101 Chestnut Street, Unit 502, Philadelphia, PA 19103
- Fifth‑floor residence with a clear view
- River West Condominiums includes a second‑floor community room and gym
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 | $12.3k | $30.36 |
| − Vacancy | −$715 | −$1.76 |
| EGI | $11.6k | $28.60 |
| − OpEx | −$5.2k | −$12.87 |
| NOI | $6.4k | $15.73 |
406 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$91.2K
$79.8K – $106.4K
NOI $6,386 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$99.0K
$86.6K – $115.5K
NOI $6,928 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor condominium with a clear view, shared community room, gym, and association-covered utilities.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 502 Philadelphia, PA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Studio condominium at 2101 Chestnut Street, Unit 502, Philadelphia, PA 19103; Fifth‑floor residence with a clear view; River West Condominiums includes a second‑floor community room and gym
