Updated Two-Bedroom
For Sale
$695,000
224 W RITTENHOUSE SQUARE Unit 1410, Philadelphia, PA 19103
A private balcony and city views complement a two-bedroom layout.
Property Size1,281 SF
Price / SF$542.54
Days on Market85
Property Features for 224 W RITTENHOUSE SQUARE Unit 1410
General Information
Standard status
Active
Size
1,281 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,581
Amenities
24-hour doorman
fitness center
rooftop pool
Building Details
Building Size
1,281 SF
Year Built
1974
Listing Agency:
Duffy Real Estate-Narberth
Listed By:
John S Duffy · License #AB067780
(610) 667-6655
Source:
Desantis-realestate
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 26 at 5:55PM
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 1,281-square-foot, two-bedroom, two-bath condominium in the Dorchester was built in 1974 and has been updated. Floor-to-ceiling windows bring in natural light and frame city views, while a balcony provides private outdoor space. The kitchen features Sub-Zero refrigeration, Miele appliances, and custom cabinetry integrated with the dining area. The primary bedroom has a custom walk-in closet and an updated ensuite bath with a walk-in shower. A second bedroom offers two custom closets, and the second bathroom includes a stackable washer and dryer. Parquet floors and custom lighting complete the interior.
Building amenities include a 24-hour doorman, fitness center, rooftop pool, and underground valet parking available for a separate fee. The residence is on Rittenhouse Square, with access to nearby restaurants and retail, the Avenue of the Arts, University City, and 30th Street Station.
Building amenities include a 24-hour doorman, fitness center, rooftop pool, and underground valet parking available for a separate fee. The residence is on Rittenhouse Square, with access to nearby restaurants and retail, the Avenue of the Arts, University City, and 30th Street Station.
Key Highlights
- 1,281‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Private balcony and floor‑to‑ceiling windows with city views
- Kitchen with Sub‑Zero refrigerator, Miele appliances, and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,150
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,000
$403.0K
Cap Rate 7%
$287,857
$287.9K
Cap Rate 9%
$223,889
$223.9K
Market Conditions
NOI Build-Up for 1,281 SF
Gross rent
$38.9K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$36.6K $28.60/SF
− OpEx
−$16.5K −$12.87/SF
NOI
$20.1K $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%
$403,000
Cap Rate 7%
$287,857
Cap Rate 9%
$223,889
Alternative Uses
Best Use
Apartment 5plus
$287.9K
$251.9K – $335.8K
NOI $20,150 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 3.15%
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 - A private balcony and city views complement a two-bedroom layout.
Where is this residential income property located?
The property is located at 224 W RITTENHOUSE SQUARE Unit 1410 Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,281‑square‑foot residence with 2 bedrooms and 2 bathrooms; Private balcony and floor‑to‑ceiling windows with city views; Kitchen with Sub‑Zero refrigerator, Miele appliances, and custom cabinetry
