Three-Bedroom Residential Income
New
For Sale
$900,000
2401 PENNSYLVANIA AVENUE Unit 5A5, Philadelphia, PA 19130
Updated residence with a private terrace, oversized windows, and access to extensive services and amenities within The Philadelphian.
Property Size2,017 SF
Days on Market6
Property Features for 2401 PENNSYLVANIA AVENUE Unit 5A5
General Information
Standard status
Active
Size
2,017 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,392
Amenities
private terrace
laundry room
restaurant
grocery store
medical offices
beauty parlor
shuttle bus
24-hour doorman
indoor pool
outdoor pool
fitness center
Building Details
Building Size
2,017 SF
Year Built
1960
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Patmckennarealtors
Added: Sep 15
Changed: Sep 19
Last Checked: Sep 19 at 2:46PM
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 three-bedroom residence at The Philadelphian offers a spacious interior with an efficient layout, generously proportioned rooms, and abundant natural light from oversized windows. The great room opens to a large private terrace with custom pavers and views toward the Art Museum, Fairmount Avenue, and Reliance Triangle Park. The eat-in kitchen has been updated with white cabinetry, granite countertops, a tile backsplash, tile flooring, and a full appliance package. Updated bathrooms include a primary ensuite, a hall bath, and a powder room. Additional interior features include a foyer, laundry room with side-by-side washer and dryer, storage, upgraded lighting, and extensive closet space.
The Philadelphian provides residents with an on-site restaurant, grocery store, medical offices, beauty parlor, indoor and outdoor pools, fitness center, and 24-hour doorman service. A shuttle bus operates throughout the day to locations in Center City. On-site garage parking is available for rent, subject to availability. The property was built in 1960 and is located at 2401 Pennsylvania Avenue, Unit 5A5, Philadelphia, PA 19130.
The Philadelphian provides residents with an on-site restaurant, grocery store, medical offices, beauty parlor, indoor and outdoor pools, fitness center, and 24-hour doorman service. A shuttle bus operates throughout the day to locations in Center City. On-site garage parking is available for rent, subject to availability. The property was built in 1960 and is located at 2401 Pennsylvania Avenue, Unit 5A5, Philadelphia, PA 19130.
Key Highlights
- Three‑bedroom residence at The Philadelphian
- Large private terrace with custom pavers and views toward the Art Museum
- Updated eat‑in kitchen with granite counters and full appliance package
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
$634.5K
Cap Rate 7%
$453,229
$453.2K
Cap Rate 9%
$352,511
$352.5K
Market Conditions
NOI Build-Up for 2,017 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.2K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$57.7K $28.60/SF
− OpEx
−$26.0K −$12.87/SF
NOI
$31.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,520
Cap Rate 7%
$453,229
Cap Rate 9%
$352,511
Alternative Uses
Best Use
Apartment 5plus
$453.2K
$396.6K – $528.8K
NOI $31,726 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$491.7K
$430.3K – $573.7K
NOI $34,420 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence with a private terrace, oversized windows, and access to extensive services and amenities within The Philadelphian.
Where is this residential income property located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 5A5 Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑bedroom residence at The Philadelphian; Large private terrace with custom pavers and views toward the Art Museum; Updated eat‑in kitchen with granite counters and full appliance package
