Two-Bedroom Residential Income
For Sale
$469,900
Pending
2401 PENNSYLVANIA AVENUE Unit 3B21, Philadelphia, PA 19130
The renovated residence offers a split-bedroom layout, updated kitchen, hardwood flooring, and access to shared building amenities.
Property Size1,505 SF
Days on Market303
Property Features for 2401 PENNSYLVANIA AVENUE Unit 3B21
General Information
Standard status
Pending
Size
1,505 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Spring Garden
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,665
Amenities
restaurant
grocery store
medical offices
beauty parlor
shuttle bus
24-hour doorman
indoor pool
outdoor pool
fitness center
in-unit washer/dryer
Building Details
Building Size
1,505 SF
Year Built
1960
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Wagnerrealestate
Added: Jan 7
Changed: Nov 4
Last Checked: Nov 5 at 10:36AM
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
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Investment Insights
Based on property information with market context.
This 1,505-square-foot residence at The Philadelphian has two bedrooms arranged in a split floorplan, two full bathrooms, and hardwood floors. The living and dining area connects to a renovated kitchen with white shaker cabinetry, Corian counters, a breakfast bar, and stainless steel appliances. An LG combination washer and dryer is also included. The primary bedroom has a dressing area with two walls of closets and an ensuite bath; the second bedroom has a deep closet and access to a full hall bath. A walk-in closet with wood built-ins adds storage.
Built in 1960, The Philadelphian provides residents with a restaurant, grocery store, medical offices, beauty parlor, indoor and outdoor pools, and a fitness center. A 24-hour doorman and shuttle service to Center City are also available. On-site garage parking may be rented, subject to availability.
Built in 1960, The Philadelphian provides residents with a restaurant, grocery store, medical offices, beauty parlor, indoor and outdoor pools, and a fitness center. A 24-hour doorman and shuttle service to Center City are also available. On-site garage parking may be rented, subject to availability.
Key Highlights
- 1,505‑square‑foot residence with two bedrooms and a split floorplan
- Renovated kitchen with Corian counters, breakfast bar, and stainless steel appliances
- Two full bathrooms; primary bedroom includes an ensuite bath and dressing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,673
Cap Rate
5.04%
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 5.04%
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 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,991
Businesses Nearby
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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 - The renovated residence offers a split-bedroom layout, updated kitchen, hardwood flooring, and access to shared building amenities.
Where is this residential income property located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 3B21 Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 1,505‑square‑foot residence with two bedrooms and a split floorplan; Renovated kitchen with Corian counters, breakfast bar, and stainless steel appliances; Two full bathrooms; primary bedroom includes an ensuite bath and dressing area
