Residential Income Property with
For Sale
$575,000
2200 ARCH STREET Unit 508, Philadelphia, PA 19103
This two-bedroom, two-bathroom condominium includes garage parking and access to a fitness center and 24-hour doorman.
Property Size1,317 SF
Days on Market42
Property Features for 2200 ARCH STREET Unit 508
General Information
Standard status
Active
Size
1,317 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,885
Amenities
24-hour doorman
fitness center
Building Details
Building Size
1,317 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Sep 25
Changed: Oct 31
Last Checked: Nov 4 at 8:33PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
At 2200 Arch Street, Unit 508 is a two-bedroom, two-bathroom condominium with garage parking. The interior combines living and dining areas with an open kitchen featuring stainless steel appliances, granite countertops, and a breakfast bar. Hardwood floors and tall ceilings extend through the residence, while a wall of windows brings in natural light. The primary suite is lofted and has built-ins, closet space, and an ensuite bath. The second bedroom has a closet and tall ceilings; both bathrooms include glass-enclosed showers.
Building amenities include a 24-hour doorman and fitness center. The property is near Trader Joe’s, Giant Supermarket, 30th Street Station, the University of Pennsylvania, Drexel University, HUP, CHOP, and public transit. The building was constructed in 1900.
Building amenities include a 24-hour doorman and fitness center. The property is near Trader Joe’s, Giant Supermarket, 30th Street Station, the University of Pennsylvania, Drexel University, HUP, CHOP, and public transit. The building was constructed in 1900.
Key Highlights
- Two‑bedroom, two‑bathroom condominium at 2200 Arch Street, Unit 508
- Garage parking, 24‑hour doorman, and fitness center
- Open kitchen with stainless steel appliances, granite countertops, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,716
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,320
$414.3K
Cap Rate 7%
$295,943
$295.9K
Cap Rate 9%
$230,178
$230.2K
Market Conditions
NOI Build-Up for 1,317 SF
Gross rent
$40.0K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.7K $28.60/SF
− OpEx
−$16.9K −$12.87/SF
NOI
$20.7K $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%
$414,320
Cap Rate 7%
$295,943
Cap Rate 9%
$230,178
Alternative Uses
Best Use
Apartment 5plus
$295.9K
$259.0K – $345.3K
NOI $20,716 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$321.1K
$280.9K – $374.6K
NOI $22,474 @ 7.0% cap · market cap 3.91%
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 - This two-bedroom, two-bathroom condominium includes garage parking and access to a fitness center and 24-hour doorman.
Where is this residential income property located?
The property is located at 2200 ARCH STREET Unit 508 Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium at 2200 Arch Street, Unit 508; Garage parking, 24‑hour doorman, and fitness center; Open kitchen with stainless steel appliances, granite countertops, and breakfast bar
