Two-Bedroom Residential Income
For Sale
$695,000
211 S 4TH STREET Unit 104, Philadelphia, PA 19106
Two-level condominium residence with hardwood floors, stainless steel appliances, private parking, and full-service building amenities.
Property Size1,934 SF
Days on Market179
Property Features for 211 S 4TH STREET Unit 104
General Information
Standard status
Active
Size
1,934 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,178
Amenities
concierge service
24-hour doorman
deeded parking
climate-controlled storage unit
courtyard
Building Details
Building Size
1,934 SF
Year Built
1900
Listing Agency:
KW Empower
(804) 389-1044
Listed By:
Lisa App · License #RS328134
(804) 389-1044
Source:
Patmckennarealtors
Added: Feb 6
Changed: Aug 3
Last Checked: Aug 3 at 4:04AM
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 KW Empower
Investment Insights
Based on property information with market context.
Unit 104 is a two-bedroom condominium residence arranged across two levels within The Willings at Independence Park. The main floor includes living and dining areas with hardwood flooring, recessed lighting, west-facing windows, a kitchen equipped with stainless steel appliances, a primary suite with a walk-in closet and full bath, plus a powder room and laundry room. The upper level contains a second bedroom, another walk-in closet, and a full bathroom. A separate storage room houses the HVAC system and hot water heater, both installed in 2025.
Building services and amenities include concierge service, a 24-hour doorman, deeded parking, climate-controlled storage, and access to a shared courtyard. The property is located at 211 S 4TH STREET in Philadelphia's Society Hill area, near cobblestone streets, parks, theaters, museums, and restaurants. The building dates to 1900, combining historic construction with updated residential systems and finishes.
Building services and amenities include concierge service, a 24-hour doorman, deeded parking, climate-controlled storage, and access to a shared courtyard. The property is located at 211 S 4TH STREET in Philadelphia's Society Hill area, near cobblestone streets, parks, theaters, museums, and restaurants. The building dates to 1900, combining historic construction with updated residential systems and finishes.
Key Highlights
- Two‑bedroom, two‑level condominium residence at The Willings at Independence Park
- HVAC unit and hot water heater installed in 2025
- Deeded parking and climate‑controlled storage included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.7k | $30.36 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $55.3k | $28.60 |
| − OpEx | −$24.9k | −$12.87 |
| NOI | $30.4k | $15.73 |
1,934 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.6K
$380.3K – $507.0K
NOI $30,421 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,004 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with hardwood floors, stainless steel appliances, private parking, and full-service building amenities.
Where is this residential income property located?
The property is located at 211 S 4TH STREET Unit 104 Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two‑bedroom, two‑level condominium residence at The Willings at Independence Park; HVAC unit and hot water heater installed in 2025; Deeded parking and climate‑controlled storage included
