Residential Income
For Sale
$385,000
211 N CAMAC STREET Unit 7A, Philadelphia, PA 19107
3-bedroom, 2-bath condo in an elevator building with a private balcony and updated kitchen featuring granite and stainless appliances.
Property Size1,062 SF
Days on Market123
Property Features for 211 N CAMAC STREET Unit 7A
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,836
Building Details
Building Size
1,062 SF
Year Built
2013
Listing Agency:
Re/Max One Realty
Listed By:
Peter P Wu · License #RS299952
(267) 318-8877
Source:
Patmckennarealtors
Added: May 9
Changed: Sep 6
Last Checked: Sep 8 at 9:46AM
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 One Realty
Investment Insights
Based on property information with market context.
Located at 211 N Camac Street, Unit 4C in Philadelphia’s Chinatown, this well-maintained condominium offers an open-concept living and dining area with abundant natural light. The home includes hardwood flooring and a private balcony with city views.
The updated kitchen features granite countertops, ample cabinetry, and stainless-steel appliances. The primary suite includes a private full bath, and two additional bedrooms provide flexibility for guests, a home office, or growing needs.
Set in a well-maintained elevator building, the condominium includes HOA coverage of water and is built for straightforward move-in living. With 1,062 square feet, it was constructed in 2013 and is positioned for convenient access to restaurants, shopping, public transportation, Reading Terminal Market, and Jefferson Hospital.
The updated kitchen features granite countertops, ample cabinetry, and stainless-steel appliances. The primary suite includes a private full bath, and two additional bedrooms provide flexibility for guests, a home office, or growing needs.
Set in a well-maintained elevator building, the condominium includes HOA coverage of water and is built for straightforward move-in living. With 1,062 square feet, it was constructed in 2013 and is positioned for convenient access to restaurants, shopping, public transportation, Reading Terminal Market, and Jefferson Hospital.
Key Highlights
- 3‑bedroom, 2‑bath condominium with a private balcony and city views
- 1,062 sq ft interior with open‑concept living and dining area
- Updated kitchen with granite countertops, ample cabinetry, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,705
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,100
$334.1K
Cap Rate 7%
$238,643
$238.6K
Cap Rate 9%
$185,611
$185.6K
Market Conditions
NOI Build-Up for 1,062 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.2K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.4K $28.60/SF
− OpEx
−$13.7K −$12.87/SF
NOI
$16.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,100
Cap Rate 7%
$238,643
Cap Rate 9%
$185,611
Alternative Uses
Best Use
Apartment 5plus
$238.6K
$208.8K – $278.4K
NOI $16,705 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$258.9K
$226.5K – $302.1K
NOI $18,123 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
23,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 3-bedroom, 2-bath condo in an elevator building with a private balcony and updated kitchen featuring granite and stainless appliances.
Where is this residential income property located?
The property is located at 211 N CAMAC STREET Unit 7A Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium with a private balcony and city views; 1,062 sq ft interior with open‑concept living and dining area; Updated kitchen with granite countertops, ample cabinetry, and stainless‑steel appliances
