Updated Studio Residential
For Sale
$125,000
Pending
2101 CHESTNUT STREET Unit 922, Philadelphia, PA 19103
The renovated interior features oversized windows, generous storage, and a flexible nook suited to office use.
Property Size429 SF
Days on Market239
Property Features for 2101 CHESTNUT STREET Unit 922
General Information
Standard status
Pending
Size
429 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$1,937
Building Details
Building Size
429 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Wagnerrealestate
Added: Mar 12
Changed: Nov 2
Last Checked: Nov 5 at 10:22AM
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.
This 429-square-foot studio residence at Riverwest includes hardwood floors, oversized windows, and ample storage. The kitchen has white raised-panel cabinets, a gas range, and chrome fixtures; the bathroom pairs ceramic tile with a vanity and tub-shower combination. An oversized walk-in closet can also serve as an office nook. The building dates to 1900.
Building fees cover gas, water, electricity, fitness center access, and a 24-hour lobby attendant. Garage parking is available on-site for an additional fee, and the residence is pet-friendly. The property is in Philadelphia’s Rittenhouse Square area, within Center City. Penn and Drexel campuses, 30th Street Station, and major hospitals are described as minutes away.
Building fees cover gas, water, electricity, fitness center access, and a 24-hour lobby attendant. Garage parking is available on-site for an additional fee, and the residence is pet-friendly. The property is in Philadelphia’s Rittenhouse Square area, within Center City. Penn and Drexel campuses, 30th Street Station, and major hospitals are described as minutes away.
Key Highlights
- 429‑square‑foot studio with an oversized walk‑in closet or office nook
- Building fees include gas, water, electricity, and fitness center access
- 24‑hour lobby attendant and on‑site garage parking available for an additional fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,748
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$134,960
$135.0K
Cap Rate 7%
$96,400
$96.4K
Cap Rate 9%
$74,978
$75.0K
Market Conditions
NOI Build-Up for 429 SF
Gross rent
$13.0K $30.36/SF
− Vacancy
−$755 −$1.76/SF
EGI
$12.3K $28.60/SF
− OpEx
−$5.5K −$12.87/SF
NOI
$6.7K $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%
$134,960
Cap Rate 7%
$96,400
Cap Rate 9%
$74,978
Alternative Uses
Best Use
Apartment 5plus
$96.4K
$84.4K – $112.5K
NOI $6,748 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$104.6K
$91.5K – $122.0K
NOI $7,321 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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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 renovated interior features oversized windows, generous storage, and a flexible nook suited to office use.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 922 Philadelphia, PA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 429‑square‑foot studio with an oversized walk‑in closet or office nook; Building fees include gas, water, electricity, and fitness center access; 24‑hour lobby attendant and on‑site garage parking available for an additional fee
