Studio Condominium Investment
For Sale
$175,000
2110 SOUTH STREET Unit 21101, Philadelphia, PA 19146
Open studio layout with hardwood floors, full kitchen, and shared building laundry.
Property Size410 SF
Days on Market102
Property Features for 2110 SOUTH STREET Unit 21101
General Information
Standard status
Active
Size
410 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
South Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,577
Amenities
shared laundry
Building Details
Building Size
410 SF
Year Built
1900
Listing Agency:
EXP Realty, LLC
Listed By:
Deidre M Quinn · License #RS276819
(267) 225-3678
Source:
Patmckennarealtors
Added: Jul 23
Changed: Oct 31
Last Checked: Nov 1 at 11:52AM
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 EXP Realty, LLC
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Investment Insights
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This studio condominium offers an open interior with hardwood flooring, tall ceilings, track lighting, and a large window for natural light. The layout can accommodate distinct living, dining, and sleeping areas while retaining an open feel. The kitchen includes wood cabinetry, black countertops, a refrigerator, electric range, and movable island with prep, storage, and seating functions. A full bathroom with tub and shower, in-unit closet storage, and shared laundry within the building add practical features. The property is part of a small condominium association and was built in 1900.
The residence is located along South Street West in Philadelphia’s Graduate Hospital area. Surrounding blocks include restaurants, cafes, grocery stores, pharmacies, fitness centers, and other daily conveniences. The property also offers proximity to Rittenhouse Square, Fitler Square, University City, the University of Pennsylvania, Drexel University, Penn Medicine, Jefferson Health, and Pennsylvania Hospital, with public transportation access nearby.
The residence is located along South Street West in Philadelphia’s Graduate Hospital area. Surrounding blocks include restaurants, cafes, grocery stores, pharmacies, fitness centers, and other daily conveniences. The property also offers proximity to Rittenhouse Square, Fitler Square, University City, the University of Pennsylvania, Drexel University, Penn Medicine, Jefferson Health, and Pennsylvania Hospital, with public transportation access nearby.
Key Highlights
- Studio condominium with flexible open layout
- Hardwood flooring, tall ceilings, and track lighting
- Kitchen includes refrigerator, electric range, and movable center island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,449
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,980
$129.0K
Cap Rate 7%
$92,129
$92.1K
Cap Rate 9%
$71,656
$71.7K
Market Conditions
NOI Build-Up for 410 SF
Gross rent
$12.4K $30.36/SF
− Vacancy
−$722 −$1.76/SF
EGI
$11.7K $28.60/SF
− OpEx
−$5.3K −$12.87/SF
NOI
$6.4K $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%
$128,980
Cap Rate 7%
$92,129
Cap Rate 9%
$71,656
Alternative Uses
Best Use
Apartment 5plus
$92.1K
$80.6K – $107.5K
NOI $6,449 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$100.0K
$87.5K – $116.6K
NOI $6,997 @ 7.0% cap · market cap 4.00%
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
15,087
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open studio layout with hardwood floors, full kitchen, and shared building laundry.
Where is this residential income property located?
The property is located at 2110 SOUTH STREET Unit 21101 Philadelphia, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Studio condominium with flexible open layout; Hardwood flooring, tall ceilings, and track lighting; Kitchen includes refrigerator, electric range, and movable center island
