Residential Income Property with
For Sale
$415,000
2200 PINE STREET Unit 102, Philadelphia, PA 19103
The one-bedroom condominium includes a den, in-unit laundry closet, and additional basement storage.
Property Size811 SF
Days on Market35
Property Features for 2200 PINE STREET Unit 102
General Information
Standard status
Active
Size
811 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$6,016
Building Details
Building Size
811 SF
Year Built
1900
Listing Agency:
Duffy Real Estate-Narberth
Listed By:
Michael A Duffy · License #RS306881
(610) 724-7255
Source:
Patmckennarealtors
Added: Sep 28
Changed: Oct 31
Last Checked: Nov 1 at 11:12AM
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 Duffy Real Estate-Narberth
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Investment Insights
Based on property information with market context.
This Philadelphia condominium has one bedroom, a separate den, and a combined living and dining area. The kitchen has stainless steel appliances, and hardwood flooring runs throughout. A walk-in closet serves the bedroom, while a laundry closet is located in the hallway. Basement storage is also available. The building dates to 1900.
The property is at 2200 Pine Street in Philadelphia, Pennsylvania. Its location provides walking access to Fitler Square, Rittenhouse Square, CHOP, University City, and Center City. Windows facing Pine Street look toward the Center City skyline.
The property is at 2200 Pine Street in Philadelphia, Pennsylvania. Its location provides walking access to Fitler Square, Rittenhouse Square, CHOP, University City, and Center City. Windows facing Pine Street look toward the Center City skyline.
Key Highlights
- One‑bedroom condominium with a separate den or office
- Hardwood flooring throughout and a kitchen with stainless steel appliances
- Bedroom includes a walk‑in closet; laundry closet is in the hallway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,757
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,140
$255.1K
Cap Rate 7%
$182,243
$182.2K
Cap Rate 9%
$141,744
$141.7K
Market Conditions
NOI Build-Up for 811 SF
Gross rent
$24.6K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.2K $28.60/SF
− OpEx
−$10.4K −$12.87/SF
NOI
$12.8K $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%
$255,140
Cap Rate 7%
$182,243
Cap Rate 9%
$141,744
Alternative Uses
Best Use
Apartment 5plus
$182.2K
$159.5K – $212.6K
NOI $12,757 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$197.7K
$173.0K – $230.7K
NOI $13,840 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
10,554
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 condominium includes a den, in-unit laundry closet, and additional basement storage.
Where is this residential income property located?
The property is located at 2200 PINE STREET Unit 102 Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: One‑bedroom condominium with a separate den or office; Hardwood flooring throughout and a kitchen with stainless steel appliances; Bedroom includes a walk‑in closet; laundry closet is in the hallway
