High-Rise Residential
For Sale
$515,000
Pending
2401 PENNSYLVANIA AVENUE Unit 11B21, Philadelphia, PA 19130
The two-bedroom, two-bathroom home includes hardwood flooring and an equipped galley kitchen.
Property Size1,505 SF
Days on Market40
Property Features for 2401 PENNSYLVANIA AVENUE Unit 11B21
General Information
Standard status
Pending
Size
1,505 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Spring Garden
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,677
Amenities
indoor pool
outdoor pool
fitness center
community center
concierge services
on-site banking
convenience store
beauty salon
transportation service for residents
Building Details
Building Size
1,505 SF
Year Built
1960
Listing Agency:
Solo Real Estate, Inc.
Listed By:
deborah E solo · License #rm424610
(215) 564-7656
Source:
Patmckennarealtors
Added: Sep 23
Changed: Oct 31
Last Checked: Nov 1 at 2:56PM
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 Solo Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in a high-rise completed in 1960, this two-bedroom, two-bathroom residence has an open layout with hardwood flooring throughout. The galley kitchen includes a dishwasher, refrigerator and electric stove, with a front-loading washer and dryer also in the unit.
Building amenities include indoor and outdoor pools, a fitness center and community center. Residents also have access to concierge service, on-site banking, a convenience store, a beauty salon and transportation service. Fairmount Park and the Art Museum are nearby.
Maintenance and utilities are included in the association fee, providing a simplified arrangement for day-to-day occupancy.
Building amenities include indoor and outdoor pools, a fitness center and community center. Residents also have access to concierge service, on-site banking, a convenience store, a beauty salon and transportation service. Fairmount Park and the Art Museum are nearby.
Maintenance and utilities are included in the association fee, providing a simplified arrangement for day-to-day occupancy.
Key Highlights
- Two bedrooms and two bathrooms
- Hardwood flooring throughout the unit
- Galley kitchen with dishwasher, refrigerator and electric stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,673
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,460
$473.5K
Cap Rate 7%
$338,186
$338.2K
Cap Rate 9%
$263,033
$263.0K
Market Conditions
NOI Build-Up for 1,505 SF
Gross rent
$45.7K $30.36/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$43.0K $28.60/SF
− OpEx
−$19.4K −$12.87/SF
NOI
$23.7K $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%
$473,460
Cap Rate 7%
$338,186
Cap Rate 9%
$263,033
Alternative Uses
Best Use
Apartment 5plus
$338.2K
$295.9K – $394.6K
NOI $23,673 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$366.9K
$321.0K – $428.1K
NOI $25,683 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bathroom home includes hardwood flooring and an equipped galley kitchen.
Where is this residential income property located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 11B21 Philadelphia, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Hardwood flooring throughout the unit; Galley kitchen with dishwasher, refrigerator and electric stove
