Residential Income
For Sale
$157,500
2101 CHESTNUT STREET Unit 1612, Philadelphia, PA 19103
Updated one-bedroom condominium on the 16th floor with south-facing orientation and abundant natural light.
Property Size538 SF
Days on Market49
Property Features for 2101 CHESTNUT STREET Unit 1612
General Information
Standard status
Active
Size
538 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,406
Amenities
fitness center
business center
24-hour lobby attendant
on-site laundry facility
cafe with outdoor dining
Building Details
Building Size
538 SF
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Corinne M Cavuto Heim · License #RM425230
(610) 662-1702
Source:
Patmckennarealtors
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 2:19PM
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
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Investment Insights
Based on property information with market context.
This updated condominium occupies the 16th floor and includes one bedroom and one bathroom. Its south-facing orientation provides abundant natural light. The building dates to 1900 and offers on-site laundry, a fitness center, business center, café with outdoor dining, and a 24-hour lobby attendant. Monthly parking is available in the building for a fee.
Utilities included in the monthly condo fee are water, heat, air conditioning, electricity, and basic cable. The property is within walking distance of Rittenhouse Square, the South Street Bridge, Trader Joe’s, restaurants, and shops.
Utilities included in the monthly condo fee are water, heat, air conditioning, electricity, and basic cable. The property is within walking distance of Rittenhouse Square, the South Street Bridge, Trader Joe’s, restaurants, and shops.
Key Highlights
- 16th‑floor, south‑facing one‑bedroom condominium
- Updated interior with abundant natural light
- Water, heat, air conditioning, electricity, and basic cable included in monthly condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,462
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$169,240
$169.2K
Cap Rate 7%
$120,886
$120.9K
Cap Rate 9%
$94,022
$94.0K
Market Conditions
NOI Build-Up for 538 SF
Gross rent
$16.3K $30.36/SF
− Vacancy
−$947 −$1.76/SF
EGI
$15.4K $28.60/SF
− OpEx
−$6.9K −$12.87/SF
NOI
$8.5K $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%
$169,240
Cap Rate 7%
$120,886
Cap Rate 9%
$94,022
Alternative Uses
Best Use
Apartment 5plus
$120.9K
$105.8K – $141.0K
NOI $8,462 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$131.2K
$114.8K – $153.0K
NOI $9,181 @ 7.0% cap · market cap 5.83%
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 - Updated one-bedroom condominium on the 16th floor with south-facing orientation and abundant natural light.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 1612 Philadelphia, PA.
What is the asking price?
The asking price for this property is $157,500.
What are key features of this property?
This property features: 16th‑floor, south‑facing one‑bedroom condominium; Updated interior with abundant natural light; Water, heat, air conditioning, electricity, and basic cable included in monthly condo fee
