Residential Income Property with
For Sale
$400,000
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 Market170
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
Listed By:
Michael Bottaro · License #AB067983
(267) 307-2444
Source:
Patmckennarealtors
Added: Apr 6
Changed: Sep 17
Last Checked: Sep 21 at 6:56AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,700
$340.7K
Cap Rate 7%
$243,357
$243.4K
Cap Rate 9%
$189,278
$189.3K
Market Conditions
NOI Build-Up for 1,083 SF
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.
Gross rent
$32.9K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.0K $28.60/SF
− OpEx
−$13.9K −$12.87/SF
NOI
$17.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,700
Cap Rate 7%
$243,357
Cap Rate 9%
$189,278
Alternative Uses
Best Use
Apartment 5plus
$243.4K
$212.9K – $283.9K
NOI $17,035 @ 7.0% cap · market cap 4.26%
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 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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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 $400,000.
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
