Renovated Condominium
For Sale
$219,500
2135 WALNUT STREET Unit 603, Philadelphia, PA 19103
Two bedrooms, hardwood flooring, and an updated kitchen distinguish this Philadelphia residence.
Property Size755 SF
Days on Market35
Property Features for 2135 WALNUT STREET Unit 603
General Information
Standard status
Active
Size
755 SF
Property subtype
Unit/Flat/Apartment
Financials
Gross Income
$26,340
Average Monthly Rent
$2,195
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,064
Building Details
Building Size
755 SF
Year Built
1900
Listing Agency:
Tesla Realty Group, LLC
Listed By:
Henry Friedman · License #rs 322198
(516) 880-5445
Source:
Patmckennarealtors
Added: Sep 28
Changed: Oct 31
Last Checked: Nov 1 at 11:27AM
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 Tesla Realty Group, 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.
Unit 603 at The Walnut Plaza Condominiums is a two-bedroom residence with hardwood floors throughout. Its renovated kitchen includes stainless steel appliances, a dishwasher, quartz countertops, subway tile, and ample cabinetry. A washer-dryer combo is also included. The building dates to 1900.
The condominium is at 2135 Walnut Street in Philadelphia, three blocks from Rittenhouse Square. The residence is currently leased under a 12-month term ending May 31.
The condominium is at 2135 Walnut Street in Philadelphia, three blocks from Rittenhouse Square. The residence is currently leased under a 12-month term ending May 31.
Key Highlights
- Two‑bedroom condominium at The Walnut Plaza Condominiums
- Renovated kitchen with quartz counters, subway tile, stainless steel appliances, and ample storage cabinetry
- Hardwood flooring throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,876
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,520
$237.5K
Cap Rate 7%
$169,657
$169.7K
Cap Rate 9%
$131,956
$132.0K
Market Conditions
NOI Build-Up for 755 SF
Gross rent
$22.9K $30.36/SF
− Vacancy
−$1.3K −$1.76/SF
EGI
$21.6K $28.60/SF
− OpEx
−$9.7K −$12.87/SF
NOI
$11.9K $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%
$237,520
Cap Rate 7%
$169,657
Cap Rate 9%
$131,956
Alternative Uses
Best Use
Apartment 5plus
$169.7K
$148.5K – $197.9K
NOI $11,876 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$184.1K
$161.1K – $214.7K
NOI $12,884 @ 7.0% cap · market cap 5.87%
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
16,659
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 - Two bedrooms, hardwood flooring, and an updated kitchen distinguish this Philadelphia residence.
Where is this residential income property located?
The property is located at 2135 WALNUT STREET Unit 603 Philadelphia, PA.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Two‑bedroom condominium at The Walnut Plaza Condominiums; Renovated kitchen with quartz counters, subway tile, stainless steel appliances, and ample storage cabinetry; Hardwood flooring throughout the residence
