One-Bedroom Residential Income
For Sale
$299,000
217 CHURCH STREET Unit 2R, Philadelphia, PA 19106
Philadelphia condo with an open layout, original architectural elements, and convenient access to historic attractions and regional transportation.
Property Size967 SF
Days on Market285
Property Features for 217 CHURCH STREET Unit 2R
General Information
Standard status
Active
Size
967 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,101
Building Details
Building Size
967 SF
Year Built
1900
Listing Agency:
Patterson-Schwartz - Greenville
Listed By:
Brett Jones
(302) 420-6644
Source:
Patmckennarealtors
Added: Jan 20
Changed: Oct 31
Last Checked: Nov 1 at 1:24PM
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 Patterson-Schwartz - Greenville
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium includes an open-concept living area, contemporary kitchen with granite countertops, oversized windows, high ceilings, and a wood-burning fireplace. The bedroom is positioned toward the rear of the residence and includes substantial closet space and large windows. Built in 1900, the property combines historic architectural character with updated interior features.
The residence is located on Church Street in Philadelphia’s Old City, near Independence Hall, the Liberty Bell, art galleries, boutique shopping, dining along the 3rd Street corridor, a dog park, a weekly farmers market, and coffee shops. Penn’s Landing park is also identified as nearby. Regional access includes I-95, the Market-Frankford Line, and multiple bus routes, while Philadelphia International Airport is approximately 9 miles away.
The residence is located on Church Street in Philadelphia’s Old City, near Independence Hall, the Liberty Bell, art galleries, boutique shopping, dining along the 3rd Street corridor, a dog park, a weekly farmers market, and coffee shops. Penn’s Landing park is also identified as nearby. Regional access includes I-95, the Market-Frankford Line, and multiple bus routes, while Philadelphia International Airport is approximately 9 miles away.
Key Highlights
- 1‑bedroom, 1‑bathroom condominium
- Open‑concept living area with high ceilings and oversized windows
- Wood‑burning fireplace and original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,210
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,200
$304.2K
Cap Rate 7%
$217,286
$217.3K
Cap Rate 9%
$169,000
$169.0K
Market Conditions
NOI Build-Up for 967 SF
Gross rent
$29.4K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.7K $28.60/SF
− OpEx
−$12.4K −$12.87/SF
NOI
$15.2K $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%
$304,200
Cap Rate 7%
$217,286
Cap Rate 9%
$169,000
Alternative Uses
Best Use
Apartment 5plus
$217.3K
$190.1K – $253.5K
NOI $15,210 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$235.7K
$206.3K – $275.0K
NOI $16,502 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,078
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Philadelphia condo with an open layout, original architectural elements, and convenient access to historic attractions and regional transportation.
Where is this residential income property located?
The property is located at 217 CHURCH STREET Unit 2R Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bathroom condominium; Open‑concept living area with high ceilings and oversized windows; Wood‑burning fireplace and original architectural details
