Residential Income Property with
For Sale
$405,000
2200 ARCH STREET Unit 416, Philadelphia, PA 19103
One-bedroom condominium with high ceilings, private baths, in-unit laundry, and building amenities.
Property Size1,083 SF
Days on Market121
Property Features for 2200 ARCH STREET Unit 416
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,635
Building Details
Building Size
1,083 SF
Year Built
2006
Listing Agency:
Homestarr Realty
(267) 307-2444
Listed By:
Michael Bottaro · License #AB067983
(267) 307-2444
Source:
Patmckennarealtors
Added: Apr 6
Changed: Aug 4
Last Checked: Aug 4 at 6:22AM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
Unit 416 is a one-bedroom, one-and-a-half-bath condominium in a 2006 loft-style building. The residence features an open living area with hardwood flooring, 14-foot ceilings, and a wall of windows. Its kitchen includes stainless steel appliances, granite countertops, and extensive cabinetry. The private bedroom has a walk-in closet and dedicated full bathroom, while a separate half bathroom serves the main living area. A utility closet contains the unit’s washer and dryer, and the interior has been freshly painted.
The property includes one assigned parking space, numbered 246, in a private garage. Building amenities include 24-hour front-desk security, concierge service, a fitness center, elevators, and pet-friendly policies. The address offers access to I-76, I-676, and I-95, with Market Street, Suburban Station, Amtrak’s 30th Street Station, the Art Museum, restaurants, coffee shops, and grocery stores within walking distance.
The property includes one assigned parking space, numbered 246, in a private garage. Building amenities include 24-hour front-desk security, concierge service, a fitness center, elevators, and pet-friendly policies. The address offers access to I-76, I-676, and I-95, with Market Street, Suburban Station, Amtrak’s 30th Street Station, the Art Museum, restaurants, coffee shops, and grocery stores within walking distance.
Key Highlights
- One‑bedroom, 1.5‑bath condominium with an open‑concept layout
- 14‑foot ceilings, hardwood flooring, and a wall of windows
- Kitchen with stainless steel appliances, granite countertops, and extensive cabinetry
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 | $32.9k | $30.36 |
| − Vacancy | −$1.9k | −$1.76 |
| EGI | $31.0k | $28.60 |
| − OpEx | −$13.9k | −$12.87 |
| NOI | $17.0k | $15.73 |
1,083 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$243.4K
$212.9K – $283.9K
NOI $17,035 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,644
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
$551,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with high ceilings, private baths, in-unit laundry, and building amenities.
Where is this residential income property located?
The property is located at 2200 ARCH STREET Unit 416 Philadelphia, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: One‑bedroom, 1.5‑bath condominium with an open‑concept layout; 14‑foot ceilings, hardwood flooring, and a wall of windows; Kitchen with stainless steel appliances, granite countertops, and extensive cabinetry
