High-Rise One-Bedroom
For Sale
$499,000
2101 MARKET Unit 3507, Philadelphia, PA 19103
A north-facing home pairs open living and dining space with assigned parking and a private storage locker.
Property Size976 SF
Price / SF$511.27
Days on Market20
Property Features for 2101 MARKET Unit 3507
General Information
Standard status
Active
Size
976 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$7,404
Amenities
24-hour concierge
heated indoor pool
fitness center
community lounge
sun deck
in-unit laundry
Building Details
Building Size
976 SF
Year Built
2008
Listing Agency:
RE/MAX Access
Listed By:
Michael D Fabrizio · License #RS321641
(609) 221-7123
Source:
Patmckennarealtors
Added: Oct 11
Changed: Oct 29
Last Checked: Oct 30 at 7:41PM
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 RE/MAX Access
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Investment Insights
Based on property information with market context.
Located on the 35th floor of The Murano, this north-facing residence has one bedroom, one full bathroom, and approximately 976 square feet. Floor-to-ceiling windows frame skyline views and bring natural light into the open living and dining area. The kitchen features granite counters, stainless steel appliances, and sleek cabinetry. Hardwood floors, in-unit laundry, and additional storage round out the interior. The building was completed in 2008.
The sale includes an assigned parking space and a private storage locker. Building amenities include a 24-hour concierge, heated indoor pool, fitness center, community lounge, and sun deck. The address is 2101 Market Street in Philadelphia, near Rittenhouse Square, dining and shopping, Trader Joe’s, 30th Street Station, and the city’s business district.
The sale includes an assigned parking space and a private storage locker. Building amenities include a 24-hour concierge, heated indoor pool, fitness center, community lounge, and sun deck. The address is 2101 Market Street in Philadelphia, near Rittenhouse Square, dining and shopping, Trader Joe’s, 30th Street Station, and the city’s business district.
Key Highlights
- Approximately 976 square feet with one bedroom and one full bathroom
- Positioned on the 35th floor with a north‑facing skyline outlook
- Assigned parking space and private storage locker included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,352
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,040
$307.0K
Cap Rate 7%
$219,314
$219.3K
Cap Rate 9%
$170,578
$170.6K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$29.6K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.9K $28.60/SF
− OpEx
−$12.6K −$12.87/SF
NOI
$15.4K $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%
$307,040
Cap Rate 7%
$219,314
Cap Rate 9%
$170,578
Alternative Uses
Best Use
Apartment 5plus
$219.3K
$191.9K – $255.9K
NOI $15,352 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$237.9K
$208.2K – $277.6K
NOI $16,655 @ 7.0% cap · market cap 3.34%
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
15,644
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 north-facing home pairs open living and dining space with assigned parking and a private storage locker.
Where is this residential income property located?
The property is located at 2101 MARKET Unit 3507 Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 976 square feet with one bedroom and one full bathroom; Positioned on the 35th floor with a north‑facing skyline outlook; Assigned parking space and private storage locker included
