Residential Income Property with
For Sale
$399,000
2200 ARCH STREET Unit 913, Philadelphia, PA 19103
Loft-style condominium with abundant natural light, architectural character, and on-site building amenities.
Property Size986 SF
Days on Market176
Property Features for 2200 ARCH STREET Unit 913
General Information
Standard status
Active
Size
986 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,383
Amenities
24-hour security
fitness center
The Arch Street Gourmet store
washer/dryer
storage space
Building Details
Building Size
986 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Juliet C. Welker · License #AB068993
(215) 880-2129
Source:
Patmckennarealtors
Added: Mar 17
Changed: Sep 4
Last Checked: Sep 8 at 12:04PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This one-bedroom, one-and-a-half-bath condominium occupies a loft-style layout in The Larkin Building, a historically registered property built in 1900. The residence includes dramatically sized windows, western, river, and sunset views, an open kitchen with stainless steel appliances and black granite countertops, exposed brick, high ceilings, polished marble flooring, and an oversized shower. Additional features include a powder room, in-unit washer and dryer, substantial storage, garage parking, and fresh paint throughout.
Building amenities include 24-hour security, a fitness center, and The Arch Street Gourmet store. The property is located at 2200 Arch Street in Philadelphia, with 30th Street Station, the Schuylkill River Trail, Trader Joe’s, Whole Foods, and Rittenhouse Square described as nearby.
Building amenities include 24-hour security, a fitness center, and The Arch Street Gourmet store. The property is located at 2200 Arch Street in Philadelphia, with 30th Street Station, the Schuylkill River Trail, Trader Joe’s, Whole Foods, and Rittenhouse Square described as nearby.
Key Highlights
- One‑bedroom, 1.5‑bath loft condominium
- Garage parking included
- Historically registered The Larkin Building, built in 1900
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
$15,509
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
3.89%
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%
$310,180
$310.2K
Cap Rate 7%
$221,557
$221.6K
Cap Rate 9%
$172,322
$172.3K
Market Conditions
NOI Build-Up for 986 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
$29.9K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$28.2K $28.60/SF
− OpEx
−$12.7K −$12.87/SF
NOI
$15.5K $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%
$310,180
Cap Rate 7%
$221,557
Cap Rate 9%
$172,322
Alternative Uses
Best Use
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,509 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$240.4K
$210.3K – $280.4K
NOI $16,826 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style condominium with abundant natural light, architectural character, and on-site building amenities.
Where is this residential income property located?
The property is located at 2200 ARCH STREET Unit 913 Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: One‑bedroom, 1.5‑bath loft condominium; Garage parking included; Historically registered The Larkin Building, built in 1900
