Park-View Residential Income
For Sale
$345,000
241 S 6TH STREET Unit 1106C, Philadelphia, PA 19106
One-bedroom condominium residence with skyline views, custom built-ins, in-unit laundry, and access to staffed building amenities.
Property Size850 SF
Price / SF$405.88
Days on Market45
Property Features for 241 S 6TH STREET Unit 1106C
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,829
Amenities
24-hour doorman
concierge service
on-site management
maintenance
beautifully renovated lobby
fitness center
secure mailroom
bike storage
individual HVAC controls
in-unit laundry
garage parking
Building Details
Building Size
850 SF
Year Built
1980
Listing Agency:
Fusion PHL Realty, LLC
Listed By:
John DeWitt Kuester III · License #RS313954
(610) 883-3960
Source:
Patmckennarealtors
Added: Sep 10
Changed: Oct 21
Last Checked: Oct 23 at 4:29PM
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 Fusion PHL Realty, LLC
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Investment Insights
Based on property information with market context.
This approximately 850-square-foot, one-bedroom condominium residence occupies the 11th floor of Independence Place. The interior includes wide-plank wood flooring, a foyer, generous closet storage, custom wood cabinetry and bookcases, and a living and dining area oriented toward an oversized west-facing window. The kitchen is equipped with wood cabinetry, granite countertops, tile finishes, and stainless steel appliances. A large bedroom offers city views, substantial closet space, and room for a sitting area or home office. In-unit laundry is provided by a stacked washer and dryer, and the home includes individual heating and air-conditioning controls.
Building services and amenities include a 24-hour doorman and concierge, on-site management and maintenance, a renovated lobby, fitness center, secure mailroom, and bike storage. An on-site garage provides direct building access, subject to availability. The property is located at 241 S 6TH STREET in Philadelphia, with Washington Square Park directly outside and Society Hill, Old City, and Washington Square West nearby.
Building services and amenities include a 24-hour doorman and concierge, on-site management and maintenance, a renovated lobby, fitness center, secure mailroom, and bike storage. An on-site garage provides direct building access, subject to availability. The property is located at 241 S 6TH STREET in Philadelphia, with Washington Square Park directly outside and Society Hill, Old City, and Washington Square West nearby.
Key Highlights
- Approximately 850 square feet with one bedroom on the 11th floor
- West‑facing window with views of Washington Square Park and the Center City skyline
- Custom wood built‑in cabinetry and bookcases provide substantial storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,370
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,400
$267.4K
Cap Rate 7%
$191,000
$191.0K
Cap Rate 9%
$148,556
$148.6K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$25.8K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.3K $28.60/SF
− OpEx
−$10.9K −$12.87/SF
NOI
$13.4K $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%
$267,400
Cap Rate 7%
$191,000
Cap Rate 9%
$148,556
Alternative Uses
Best Use
Apartment 5plus
$191.0K
$167.1K – $222.8K
NOI $13,370 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$207.2K
$181.3K – $241.8K
NOI $14,505 @ 7.0% cap · market cap 4.20%
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
14,406
Businesses Nearby
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Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with skyline views, custom built-ins, in-unit laundry, and access to staffed building amenities.
Where is this residential income property located?
The property is located at 241 S 6TH STREET Unit 1106C Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Approximately 850 square feet with one bedroom on the 11th floor; West‑facing window with views of Washington Square Park and the Center City skyline; Custom wood built‑in cabinetry and bookcases provide substantial storage
