Renovated Studio
For Sale
$115,000
2101 CHESTNUT STREET Unit 326, Philadelphia, PA 19103
Open-plan residence with updated kitchen and bath, building fitness center, and 24-hour lobby attendant.
Property Size437 SF
Days on Market235
Property Features for 2101 CHESTNUT STREET Unit 326
General Information
Standard status
Active
Size
437 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,975
Amenities
fitness center
24-hour lobby attendant
Building Details
Building Size
437 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Mar 12
Changed: Nov 1
Last Checked: Nov 1 at 3:29PM
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 studio condominium has an open layout with the former partition removed and a wall of windows. Interior updates include flooring, a kitchen with quartz counters, a four-burner gas range and full-size refrigerator, plus a retiled bathroom with a tub and shower combination. A built-in closet adds storage. The building dates to 1900.
In Philadelphia’s Rittenhouse Square area, residents have access to a fitness center and a 24-hour lobby attendant. Association fees cover gas, water, and electricity. Garage parking is available on site for an additional fee. Nearby destinations include 30th Street Station, the Schuylkill River Trail, Trader Joe’s, Giant, UPenn, Drexel, and HUP/CHOP hospitals.
In Philadelphia’s Rittenhouse Square area, residents have access to a fitness center and a 24-hour lobby attendant. Association fees cover gas, water, and electricity. Garage parking is available on site for an additional fee. Nearby destinations include 30th Street Station, the Schuylkill River Trail, Trader Joe’s, Giant, UPenn, Drexel, and HUP/CHOP hospitals.
Key Highlights
- Studio condominium with an open floor plan and a wall of windows
- Renovated kitchen features quartz counters, a four‑burner gas range, vented hood, and full‑size refrigerator
- Bathroom updated with new tile, reglazed tub and shower, and a modern vanity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,874
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,480
$137.5K
Cap Rate 7%
$98,200
$98.2K
Cap Rate 9%
$76,378
$76.4K
Market Conditions
NOI Build-Up for 437 SF
Gross rent
$13.3K $30.36/SF
− Vacancy
−$770 −$1.76/SF
EGI
$12.5K $28.60/SF
− OpEx
−$5.6K −$12.87/SF
NOI
$6.9K $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%
$137,480
Cap Rate 7%
$98,200
Cap Rate 9%
$76,378
Alternative Uses
Best Use
Apartment 5plus
$98.2K
$85.9K – $114.6K
NOI $6,874 @ 7.0% cap · market cap 5.98%
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 6.48%
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 - Open-plan residence with updated kitchen and bath, building fitness center, and 24-hour lobby attendant.
Where is this residential income property located?
The property is located at 2101 CHESTNUT STREET Unit 326 Philadelphia, PA.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Studio condominium with an open floor plan and a wall of windows; Renovated kitchen features quartz counters, a four‑burner gas range, vented hood, and full‑size refrigerator; Bathroom updated with new tile, reglazed tub and shower, and a modern vanity
