Renovated Studio
For Sale
$145,000
2101 CHESTNUT STREET Unit 1025, Philadelphia, PA 19103
Updated studio condominium with stainless steel appliances, quartz surfaces, and a tenant lease extending through May 31, 2027.
Property Size437 SF
Days on Market52
Property Features for 2101 CHESTNUT STREET Unit 1025
General Information
Standard status
Active
Size
437 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,975
Amenities
24-hour front desk
secure entry
fitness center
resident lounge
on-site management
Building Details
Building Size
437 SF
Year Built
1900
Tenancy
Single
Listing Agency:
Market Force Realty
(267) 304-0661
Listed By:
Nina Shteynberg · License #RS227630L
(267) 304-0661
Source:
Patmckennarealtors
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 5 at 4:05AM
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 Market Force Realty
Investment Insights
Based on property information with market context.
This renovated studio condominium at River West Condominiums includes a refreshed kitchen with stainless steel appliances, including a gas range, full-sized refrigerator, and dishwasher. Quartz countertops and a breakfast bar or island add functional workspace, while the updated bathroom features a large shower. A mirrored closet and northern city views complete the residence. The property was built in 1900.
A tenant is in place under an active lease through May 31, 2027. Condo fees cover gas, electric, water, heat, and air conditioning, along with access to a 24-hour front desk, secure entry, fitness center, resident lounge, and on-site management. The building is pet friendly and is located near Penn, Drexel, major hospitals, dining, shopping, museums, and public transportation in Philadelphia’s Rittenhouse Square area.
A tenant is in place under an active lease through May 31, 2027. Condo fees cover gas, electric, water, heat, and air conditioning, along with access to a 24-hour front desk, secure entry, fitness center, resident lounge, and on-site management. The building is pet friendly and is located near Penn, Drexel, major hospitals, dining, shopping, museums, and public transportation in Philadelphia’s Rittenhouse Square area.
Key Highlights
- Renovated studio condominium at River West Condominiums
- Tenant in place with an active lease through May 31, 2027
- Kitchen includes gas range, full‑sized refrigerator, dishwasher, quartz countertops, and breakfast bar/island
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 | $13.3k | $30.36 |
| − Vacancy | −$770 | −$1.76 |
| EGI | $12.5k | $28.60 |
| − OpEx | −$5.6k | −$12.87 |
| NOI | $6.9k | $15.73 |
437 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$98.2K
$85.9K – $114.6K
NOI $6,874 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$106.5K
$93.2K – $124.3K
NOI $7,457 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
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 - Updated studio condominium with stainless steel appliances, quartz surfaces, and a tenant lease extending through May 31, 2027.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 1025 Philadelphia, PA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Renovated studio condominium at River West Condominiums; Tenant in place with an active lease through May 31, 2027; Kitchen includes gas range, full‑sized refrigerator, dishwasher, quartz countertops, and breakfast bar/island
