High-Rise One-Bedroom
For Sale
$375,000
Pending
224-230 W RITTENHOUSE SQUARE Unit 2116, Philadelphia, PA 19103
Open-plan residence with contemporary finishes, in-unit laundry, and access to pool and fitness amenities.
Property Size848 SF
Days on Market52
Property Features for 224-230 W RITTENHOUSE SQUARE Unit 2116
General Information
Standard status
Pending
Size
848 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,720
Amenities
pool
exercise room
on-site laundry
in-unit washer-dryer
Building Details
Building Size
848 SF
Year Built
1970
Construction
masonry
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Johanna A Loke · License #AB051943L
(215) 350-0922
Source:
Patmckennarealtors
Added: Sep 10
Changed: Oct 31
Last Checked: Oct 30 at 7:26PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 848-square-foot, one-bedroom apartment occupies a high-rise building constructed in 1970. The interior includes an open living and dining arrangement, a kitchen with modern appliances and ample counter space, one full bathroom, and an in-unit washer-dryer. Natural light, masonry construction, and a space-conscious layout define the residence.
Building amenities include an outdoor pool, exercise room, elevator, and on-site laundry facilities. The association fee covers electricity, heat, and water. Positioned at 224-230 W Rittenhouse Square in Philadelphia, the property is surrounded by dining, shopping, and cultural destinations within the Rittenhouse Square neighborhood.
Building amenities include an outdoor pool, exercise room, elevator, and on-site laundry facilities. The association fee covers electricity, heat, and water. Positioned at 224-230 W Rittenhouse Square in Philadelphia, the property is surrounded by dining, shopping, and cultural destinations within the Rittenhouse Square neighborhood.
Key Highlights
- 848‑square‑foot one‑bedroom apartment in a high‑rise building
- Constructed in 1970 with masonry construction
- In‑unit washer‑dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,339
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,780
$266.8K
Cap Rate 7%
$190,557
$190.6K
Cap Rate 9%
$148,211
$148.2K
Market Conditions
NOI Build-Up for 848 SF
Gross rent
$25.7K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.3K $28.60/SF
− OpEx
−$10.9K −$12.87/SF
NOI
$13.3K $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%
$266,780
Cap Rate 7%
$190,557
Cap Rate 9%
$148,211
Alternative Uses
Best Use
Apartment 5plus
$190.6K
$166.7K – $222.3K
NOI $13,339 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$206.7K
$180.9K – $241.2K
NOI $14,471 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,587
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
Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan residence with contemporary finishes, in-unit laundry, and access to pool and fitness amenities.
Where is this residential income property located?
The property is located at 224-230 W RITTENHOUSE SQUARE Unit 2116 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: 848‑square‑foot one‑bedroom apartment in a high‑rise building; Constructed in 1970 with masonry construction; In‑unit washer‑dryer included
