Residential Income Property with Studio
For Sale
$100,000
2101 CHESTNUT STREET Unit 606, Philadelphia, PA 19103
Studio residence with updated kitchen features, walk-in storage, and access to extensive building services.
Property Size443 SF
Days on Market61
Property Features for 2101 CHESTNUT STREET Unit 606
General Information
Standard status
Active
Size
443 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,001
Amenities
24-hour front desk
secure entry
fitness center
residents' lounge
on-site management
private parking garage
Building Details
Building Size
443 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(267) 241-2844
Listed By:
Jamie Raphael · License #RS305925
(267) 241-2844
Source:
Patmckennarealtors
Added: Jun 5
Changed: Aug 4
Last Checked: Aug 4 at 7:23AM
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 residential income property is configured as a studio condominium with an open living area, abundant natural light, and a well-maintained kitchen equipped with a new refrigerator and gas range. A walk-in closet provides additional storage, while the full bathroom includes a walk-in glass shower. The condominium fee covers gas, electric, water, and heat, supporting a simplified ownership structure.
River West Condominium offers a 24-hour front desk, secure entry, fitness center, residents' lounge, and on-site management. The building is pet-friendly and provides direct access to a private parking garage, with monthly parking offered subject to availability. The property is located in Philadelphia's Rittenhouse Square neighborhood, near restaurants, shops, museums, cultural destinations, public transportation, Penn, Drexel, CHOP, and other Center City destinations. The building was constructed in 1900.
River West Condominium offers a 24-hour front desk, secure entry, fitness center, residents' lounge, and on-site management. The building is pet-friendly and provides direct access to a private parking garage, with monthly parking offered subject to availability. The property is located in Philadelphia's Rittenhouse Square neighborhood, near restaurants, shops, museums, cultural destinations, public transportation, Penn, Drexel, CHOP, and other Center City destinations. The building was constructed in 1900.
Key Highlights
- Studio condominium with open living area and abundant natural light
- New refrigerator and gas range in the kitchen
- Walk‑in closet and full bathroom with glass shower
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 | $13.4k | $30.36 |
| − Vacancy | −$780 | −$1.76 |
| EGI | $12.7k | $28.60 |
| − OpEx | −$5.7k | −$12.87 |
| NOI | $7.0k | $15.73 |
443 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$99.5K
$87.1K – $116.1K
NOI $6,968 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$108.0K
$94.5K – $126.0K
NOI $7,560 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$551,700
Median Home Value
Market
Average Price Trend$/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 - Studio residence with updated kitchen features, walk-in storage, and access to extensive building services.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 606 Philadelphia, PA.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Studio condominium with open living area and abundant natural light; New refrigerator and gas range in the kitchen; Walk‑in closet and full bathroom with glass shower
