Residential Unit with Private
New
For Sale
$799,900
2401 PENNSYLVANIA AVENUE Unit 11B29-30, Philadelphia, PA 19130
Two neighboring units form a spacious residence with a home office, separate laundry room, and private outdoor space.
Property Size2,231 SF
Price / SF$358.54
Days on Market7
Property Features for 2401 PENNSYLVANIA AVENUE Unit 11B29-30
General Information
Standard status
Active
Size
2,231 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,358
Amenities
private balcony
laundry room
restaurant
grocery store
medical offices
beauty parlor
shuttle bus
24-hour doorman
indoor pool
outdoor pool
fitness center
Building Details
Building Size
2,231 SF
Year Built
1960
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Patmckennarealtors
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 6:36PM
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 Allan Domb Real Estate
Investment Insights
Based on property information with market context.
This 2,231-square-foot residence combines two adjacent units into a two-bedroom, two-bathroom layout with a dedicated home office. The interior includes a large great room with living, dining, and family areas, plus a kitchen with a breakfast bar. A separate laundry room, custom built-ins, and substantial closet storage add practical utility. The primary suite has an ensuite bathroom and walk-in closet; the second bedroom also has a walk-in closet. A private balcony of approximately 350 square feet looks toward Fairmount. The residence was built in 1960.
The Philadelphian includes a restaurant, grocery store, medical offices, and beauty parlor, as well as a 24-hour doorman, indoor and outdoor pools, and a fitness center. A shuttle operates throughout the day to and from Center City. Garage parking is available to rent, subject to availability.
The Philadelphian includes a restaurant, grocery store, medical offices, and beauty parlor, as well as a 24-hour doorman, indoor and outdoor pools, and a fitness center. A shuttle operates throughout the day to and from Center City. Garage parking is available to rent, subject to availability.
Key Highlights
- 2,231‑square‑foot residence formed from two adjacent units
- Two bedrooms, two full bathrooms, and a dedicated home office
- Approximately 350‑square‑foot private balcony with Fairmount views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,093
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,860
$701.9K
Cap Rate 7%
$501,329
$501.3K
Cap Rate 9%
$389,922
$389.9K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$67.7K $30.36/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$63.8K $28.60/SF
− OpEx
−$28.7K −$12.87/SF
NOI
$35.1K $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%
$701,860
Cap Rate 7%
$501,329
Cap Rate 9%
$389,922
Alternative Uses
Best Use
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,093 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$543.9K
$475.9K – $634.5K
NOI $38,072 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two neighboring units form a spacious residence with a home office, separate laundry room, and private outdoor space.
Where is this residential income property located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 11B29-30 Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,231‑square‑foot residence formed from two adjacent units; Two bedrooms, two full bathrooms, and a dedicated home office; Approximately 350‑square‑foot private balcony with Fairmount views
