Second-Floor Residential Income
For Sale
$279,900
2122 SPRUCE STREET Unit 200, Philadelphia, PA 19103
The unit combines hardwood flooring, stainless steel appliances, and an in-home washer and dryer.
Property Size514 SF
Days on Market26
Property Features for 2122 SPRUCE STREET Unit 200
General Information
Standard status
Active
Size
514 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$200
Taxes and HOA fees
Annual Taxes
$3,510
Amenities
in-unit washer/dryer
Building Details
Building Size
514 SF
Year Built
1900
Construction
Second Empire-style
Listing Agency:
EXP Realty, LLC
Listed By:
Brittany McLaughlin · License #RS338958
(215) 598-2027
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 31
Last Checked: Oct 30 at 7:20PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on the second floor of a Second Empire-style building dating to 1900, this one-bedroom, one-bathroom condominium has hardwood floors, high ceilings, and large windows overlooking Philadelphia architecture. The kitchen is equipped with stainless steel appliances, and the unit includes ample closet storage and a washer and dryer. The block is historically protected, and street parking is available, with a nearby lot as an alternative.
Rittenhouse Square’s restaurants, shops, and park are within walking distance. The property is also near the Schuylkill River walkway, a dog park, and two supermarkets. Walnut Street Bridge provides a pedestrian route toward the University of Pennsylvania.
Rittenhouse Square’s restaurants, shops, and park are within walking distance. The property is also near the Schuylkill River walkway, a dog park, and two supermarkets. Walnut Street Bridge provides a pedestrian route toward the University of Pennsylvania.
Key Highlights
- One bedroom and one bathroom on the building’s second floor
- Building constructed in 1900 with Second Empire‑style architecture
- Hardwood floors, high ceilings, and oversized windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,085
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,700
$161.7K
Cap Rate 7%
$115,500
$115.5K
Cap Rate 9%
$89,833
$89.8K
Market Conditions
NOI Build-Up for 514 SF
Gross rent
$15.6K $30.36/SF
− Vacancy
−$905 −$1.76/SF
EGI
$14.7K $28.60/SF
− OpEx
−$6.6K −$12.87/SF
NOI
$8.1K $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%
$161,700
Cap Rate 7%
$115,500
Cap Rate 9%
$89,833
Alternative Uses
Best Use
Apartment 5plus
$115.5K
$101.1K – $134.8K
NOI $8,085 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$125.3K
$109.6K – $146.2K
NOI $8,771 @ 7.0% cap · market cap 3.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16,339
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines hardwood flooring, stainless steel appliances, and an in-home washer and dryer.
Where is this residential income property located?
The property is located at 2122 SPRUCE STREET Unit 200 Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: One bedroom and one bathroom on the building’s second floor; Building constructed in 1900 with Second Empire‑style architecture; Hardwood floors, high ceilings, and oversized windows
