Residential Income Property with
For Sale
$375,000
2200 ARCH STREET Unit 505, Philadelphia, PA 19103
The one-bedroom residence combines an open living area, upgraded kitchen, in-unit laundry, and deeded parking.
Property Size1,007 SF
Price / SF$372.39
Days on Market71
Property Features for 2200 ARCH STREET Unit 505
General Information
Standard status
Active
Size
1,007 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,413
Amenities
24-hour doorman
fitness center
in-unit laundry
Building Details
Building Size
1,007 SF
Year Built
1900
Construction
loft style
Listing Agency:
Keller Williams Real Estate-Blue Bell
Listed By:
Pamela Butera · License #RS171400L
(215) 205-8130
Source:
Wagnerrealestate
Added: Aug 26
Changed: Nov 2
Last Checked: Nov 3 at 8:59AM
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 Keller Williams Real Estate-Blue Bell
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Investment Insights
Based on property information with market context.
This 1,007-square-foot, one-bedroom, one-bath residence has a loft-style layout with high ceilings and an east-facing wall of windows. The kitchen includes granite counters, an island, and stainless steel appliances, opening to the main living area. Hardwood floors extend through the main level; the bedroom has carpet and a walk-in closet. A full bath, in-unit laundry, and additional storage are also included. The unit comes with one deeded parking space.
The building, identified as The Larkin, has an elevator, a 24-hour doorman, and a fitness center. Nearby destinations named in the listing include Trader Joe’s, Rittenhouse Square restaurants, 30th Street Station, the Schuylkill River Trail, and the Art Museum.
The building, identified as The Larkin, has an elevator, a 24-hour doorman, and a fitness center. Nearby destinations named in the listing include Trader Joe’s, Rittenhouse Square restaurants, 30th Street Station, the Schuylkill River Trail, and the Art Museum.
Key Highlights
- 1,007 SF one‑bedroom, one‑bath residence
- One deeded parking space
- East‑facing wall of windows and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,840
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,800
$316.8K
Cap Rate 7%
$226,286
$226.3K
Cap Rate 9%
$176,000
$176.0K
Market Conditions
NOI Build-Up for 1,007 SF
Gross rent
$30.6K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$28.8K $28.60/SF
− OpEx
−$13.0K −$12.87/SF
NOI
$15.8K $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%
$316,800
Cap Rate 7%
$226,286
Cap Rate 9%
$176,000
Alternative Uses
Best Use
Apartment 5plus
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$245.5K
$214.8K – $286.4K
NOI $17,184 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,644
Businesses Nearby
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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 - The one-bedroom residence combines an open living area, upgraded kitchen, in-unit laundry, and deeded parking.
Where is this residential income property located?
The property is located at 2200 ARCH STREET Unit 505 Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,007 SF one‑bedroom, one‑bath residence; One deeded parking space; East‑facing wall of windows and high ceilings
