One-Bedroom Residential Income
For Sale
$390,000
2401 PENNSYLVANIA AVENUE Unit 8B27, Philadelphia, PA 19130
Residents have access to building amenities including indoor and outdoor pools, a fitness center, and a shuttle to Center City.
Property Size1,166 SF
Days on Market17
Property Features for 2401 PENNSYLVANIA AVENUE Unit 8B27
General Information
Standard status
Active
Size
1,166 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Spring Garden
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,846
Amenities
indoor & outdoor pool
fitness center
daily shuttle bus
24-hour security
community room
Little Pete's Restaurant
Parkway Pharmacy
Klein's Grocery Store
Wells Fargo bank
Hair Salon
lounge areas
valet parking
garage parking
Building Details
Building Size
1,166 SF
Year Built
1960
Listing Agency:
Keller Williams Real Estate-Langhorne
Listed By:
Dana Castro · License #RS334528
(215) 378-5289
Source:
Patmckennarealtors
Added: Oct 16
Changed: Oct 31
Last Checked: Oct 30 at 11:59PM
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 Keller Williams Real Estate-Langhorne
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium is in The Philadelphian, a residential building constructed in 1960. The unit features an open living and dining area, a kitchen with an island and pantry, and a stackable washer and dryer. A walk-in closet serves the bedroom, and the hall bathroom has frameless shower doors. Windows in both the living area and bedroom bring in natural light and offer city views.
Building services include 24-hour doormen and security, indoor and outdoor pools, a fitness center, community room, and a daily shuttle bus to Center City. On-site businesses include a restaurant, pharmacy, grocery store, bank, and hair salon. Valet and garage parking are available for a monthly fee, subject to availability. The Philadelphian is across from the Benjamin Franklin Parkway, the Art Museum, Boathouse Row, and Kelly Drive.
Building services include 24-hour doormen and security, indoor and outdoor pools, a fitness center, community room, and a daily shuttle bus to Center City. On-site businesses include a restaurant, pharmacy, grocery store, bank, and hair salon. Valet and garage parking are available for a monthly fee, subject to availability. The Philadelphian is across from the Benjamin Franklin Parkway, the Art Museum, Boathouse Row, and Kelly Drive.
Key Highlights
- One‑bedroom, one‑bathroom condominium with open living and dining areas
- Updated kitchen includes an island, pantry, white cabinetry, and stainless steel appliances
- Stackable washer and dryer in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,341
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,820
$366.8K
Cap Rate 7%
$262,014
$262.0K
Cap Rate 9%
$203,789
$203.8K
Market Conditions
NOI Build-Up for 1,166 SF
Gross rent
$35.4K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$33.3K $28.60/SF
− OpEx
−$15.0K −$12.87/SF
NOI
$18.3K $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%
$366,820
Cap Rate 7%
$262,014
Cap Rate 9%
$203,789
Alternative Uses
Best Use
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,341 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$284.3K
$248.7K – $331.6K
NOI $19,898 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
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 - Residents have access to building amenities including indoor and outdoor pools, a fitness center, and a shuttle to Center City.
Where is this residential income property located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 8B27 Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium with open living and dining areas; Updated kitchen includes an island, pantry, white cabinetry, and stainless steel appliances; Stackable washer and dryer in the unit
