Residential Income
For Sale
$185,000
2101 CHESTNUT STREET Unit 303, Philadelphia, PA 19103
A renovated corner residence pairs updated kitchen and bath finishes with building services and fitness amenities.
Property Size618 SF
Price / SF$299.35
Days on Market109
Property Features for 2101 CHESTNUT STREET Unit 303
General Information
Standard status
Active
Size
618 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$2,588
Building Details
Building Size
618 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: Jul 16
Changed: Nov 1
Last Checked: Nov 1 at 3:19PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
This 618-square-foot corner residence was built in 1900 and has been renovated. The living and dining areas feature wide-plank flooring, while the kitchen includes quartz counters, stainless steel appliances, and pantry storage. The bedroom has exposures on two sides and a built-in closet system. The updated bathroom includes a frameless glass shower and a vanity with storage.
The building provides a fitness center, a 24-hour lobby attendant, and on-site maintenance. Association fees cover gas, water, electricity, and building insurance. Public garage parking is available on site for an additional monthly fee. The pet-friendly property is in Rittenhouse Square, near restaurants, shops, cultural institutions, major hospitals, Penn and Drexel, and 30th Street Station.
The building provides a fitness center, a 24-hour lobby attendant, and on-site maintenance. Association fees cover gas, water, electricity, and building insurance. Public garage parking is available on site for an additional monthly fee. The pet-friendly property is in Rittenhouse Square, near restaurants, shops, cultural institutions, major hospitals, Penn and Drexel, and 30th Street Station.
Key Highlights
- 618‑square‑foot corner residence, built in 1900
- Renovated kitchen with quartz counters, stainless steel appliances, and pantry storage
- Bedroom with dual exposures and built‑in closet shelving and drawers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,721
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,420
$194.4K
Cap Rate 7%
$138,871
$138.9K
Cap Rate 9%
$108,011
$108.0K
Market Conditions
NOI Build-Up for 618 SF
Gross rent
$18.8K $30.36/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$17.7K $28.60/SF
− OpEx
−$8.0K −$12.87/SF
NOI
$9.7K $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%
$194,420
Cap Rate 7%
$138,871
Cap Rate 9%
$108,011
Alternative Uses
Best Use
Apartment 5plus
$138.9K
$121.5K – $162.0K
NOI $9,721 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$150.7K
$131.8K – $175.8K
NOI $10,546 @ 7.0% cap · market cap 5.70%
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 - A renovated corner residence pairs updated kitchen and bath finishes with building services and fitness amenities.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 303 Philadelphia, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 618‑square‑foot corner residence, built in 1900; Renovated kitchen with quartz counters, stainless steel appliances, and pantry storage; Bedroom with dual exposures and built‑in closet shelving and drawers
