Studio Condominium
For Sale
$124,900
2101 CHESTNUT STREET Unit 802, Philadelphia, PA 19103
Monthly condominium charges cover key utilities and basic cable, with shared building amenities available to residents.
Property Size406 SF
Price / SF$307.64
Days on Market219
Property Features for 2101 CHESTNUT STREET Unit 802
General Information
Standard status
Active
Size
406 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,853
Amenities
fitness center
business center
24-hour lobby attendant
on-site laundry
cafe with outdoor seating
monthly parking available
Building Details
Building Size
406 SF
Year Built
1900
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Ilya Vorobey · License #RS271316
(267) 767-8293
Source:
Wagnerrealestate
Added: Mar 31
Changed: Nov 2
Last Checked: Nov 4 at 9:07AM
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 Elite Realty Group Unl. Inc.
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Investment Insights
Based on property information with market context.
This 406-square-foot studio occupies the building’s eighth floor and has city views. The property was built in 1900. Condominium fees cover water, heat, air conditioning, electricity, basic cable, and basic insurance. Shared amenities include a fitness center, business center, laundry facilities, and a lobby attendant on duty around the clock. A café with outdoor seating is also on site, and monthly parking is available for an additional fee.
Rittenhouse Square is within walking distance, with dining and shopping also accessible nearby.
Rittenhouse Square is within walking distance, with dining and shopping also accessible nearby.
Key Highlights
- 406‑square‑foot studio on the eighth floor with city views
- Condominium fees cover water, heat, air conditioning, electricity, basic cable, and basic insurance
- Building includes a fitness center, business center, on‑site laundry, and 24‑hour lobby attendant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,386
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,720
$127.7K
Cap Rate 7%
$91,229
$91.2K
Cap Rate 9%
$70,956
$71.0K
Market Conditions
NOI Build-Up for 406 SF
Gross rent
$12.3K $30.36/SF
− Vacancy
−$715 −$1.76/SF
EGI
$11.6K $28.60/SF
− OpEx
−$5.2K −$12.87/SF
NOI
$6.4K $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%
$127,720
Cap Rate 7%
$91,229
Cap Rate 9%
$70,956
Alternative Uses
Best Use
Apartment 5plus
$91.2K
$79.8K – $106.4K
NOI $6,386 @ 7.0% cap · market cap 5.11%
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 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
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 - Monthly condominium charges cover key utilities and basic cable, with shared building amenities available to residents.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 802 Philadelphia, PA.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 406‑square‑foot studio on the eighth floor with city views; Condominium fees cover water, heat, air conditioning, electricity, basic cable, and basic insurance; Building includes a fitness center, business center, on‑site laundry, and 24‑hour lobby attendant
