Residential Income Property with
For Sale
$529,000
2101 MARKET STREET Unit 801, Philadelphia, PA 19103
A one-bedroom residence pairs expansive living areas with a private balcony and assigned parking.
Property Size1,091 SF
Days on Market41
Property Features for 2101 MARKET STREET Unit 801
General Information
Standard status
Active
Size
1,091 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$7,404
Amenities
private balcony
on-site storage unit
in-unit washer and dryer
24-hour concierge
60-foot indoor pool
landscaped sun deck
state-of-the-art fitness center
Building Details
Building Size
1,091 SF
Year Built
2008
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 4 at 7:17PM
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 one-bedroom, one-and-a-half-bath residence at the Murano features tall ceilings, hardwood flooring, and full-height windows. The kitchen has imported cabinetry, stainless steel appliances, granite counters, and a breakfast bar. A private balcony extends from the primary bedroom, which also has generous closet space. The bathroom includes a glass-enclosed shower and separate soaking tub. In-unit laundry, an assigned parking space, and a storage unit are included. The building dates to 2008.
Building amenities include a 24-hour concierge, a 60-foot indoor pool, a landscaped sun deck, and a fitness center. The pet-friendly property is near dining, shopping, 30th Street Station, the Schuylkill River walking and bike path, and Rittenhouse Square. Trader Joe’s is next door, with a GIANT nearby. The UPenn and Drexel campuses and HUP/CHOP hospitals are also close by.
Building amenities include a 24-hour concierge, a 60-foot indoor pool, a landscaped sun deck, and a fitness center. The pet-friendly property is near dining, shopping, 30th Street Station, the Schuylkill River walking and bike path, and Rittenhouse Square. Trader Joe’s is next door, with a GIANT nearby. The UPenn and Drexel campuses and HUP/CHOP hospitals are also close by.
Key Highlights
- One‑bedroom, one‑and‑a‑half‑bath residence with assigned parking
- Private balcony accessed from the primary bedroom
- In‑unit washer and dryer, plus a separate storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,161
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,220
$343.2K
Cap Rate 7%
$245,157
$245.2K
Cap Rate 9%
$190,678
$190.7K
Market Conditions
NOI Build-Up for 1,091 SF
Gross rent
$33.1K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.2K $28.60/SF
− OpEx
−$14.0K −$12.87/SF
NOI
$17.2K $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%
$343,220
Cap Rate 7%
$245,157
Cap Rate 9%
$190,678
Alternative Uses
Best Use
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,161 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$266.0K
$232.7K – $310.3K
NOI $18,618 @ 7.0% cap · market cap 3.52%
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 one-bedroom residence pairs expansive living areas with a private balcony and assigned parking.
Where is this residential income property located?
The property is located at 2101 MARKET STREET Unit 801 Philadelphia, PA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: One‑bedroom, one‑and‑a‑half‑bath residence with assigned parking; Private balcony accessed from the primary bedroom; In‑unit washer and dryer, plus a separate storage unit
