First-Floor 2-Bedroom Condo with
New
For Sale
$425,000
2555 CARPENTER STREET #A, Philadelphia, PA 19146
First-floor condo in a boutique five-unit building with covered parking and a private back patio.
Property Size1,386 SF
Price / SF$306.64
Days on Market5
Property Features for 2555 CARPENTER STREET #A
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private front door
private back patio
covered parking
laundry room
Building Details
Year Built
2015
Listing Agency:
Compass Pennsylvania, LLC
(215) 518-5193
Listed By:
Cherise Wynne
(215) 518-5193
Source:
Cummingsrealtors
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 5:49AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Welcome to 2555 Carpenter Street, Unit A, a first-floor condo in a boutique five-unit building. The home is laid out across two levels and includes two bedrooms, two full bathrooms, a den, an open kitchen and living area, and access to a private back patio.
The main floor features one bedroom and a full bathroom, along with the open living and kitchen space that leads to the private outdoor area. The lower level provides additional flexible space with a den, a second full bathroom, a laundry room, and another generously sized bedroom.
Built in 2015, this Graduate Hospital residence offers convenient in-unit privacy with its own front door, plus covered parking. The setting places you steps from South Street West and the Schuylkill River Trail, with a short walk to CHOP, Penn, Drexel, and the South Street Bridge. Public transportation is available at Penn Medicine Station with the Airport Line, Media/Elwyn Line, and Wilmington/Newark Line.
The main floor features one bedroom and a full bathroom, along with the open living and kitchen space that leads to the private outdoor area. The lower level provides additional flexible space with a den, a second full bathroom, a laundry room, and another generously sized bedroom.
Built in 2015, this Graduate Hospital residence offers convenient in-unit privacy with its own front door, plus covered parking. The setting places you steps from South Street West and the Schuylkill River Trail, with a short walk to CHOP, Penn, Drexel, and the South Street Bridge. Public transportation is available at Penn Medicine Station with the Airport Line, Media/Elwyn Line, and Wilmington/Newark Line.
Key Highlights
- Boutique five‑unit building; private front door access
- First‑floor condo with two levels of living space
- Two bedrooms, two full bathrooms plus a den
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $30.36 |
| − Vacancy | −$2.4k | −$1.76 |
| EGI | $39.6k | $28.60 |
| − OpEx | −$17.8k | −$12.87 |
| NOI | $21.8k | $15.73 |
1,386 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$337.9K
$295.7K – $394.2K
NOI $23,652 @ 7.0% cap · market cap 5.57%
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
5,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condo in a boutique five-unit building with covered parking and a private back patio.
Where is this residential income property located?
The property is located at 2555 CARPENTER STREET #A Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Boutique five‑unit building; private front door access; First‑floor condo with two levels of living space; Two bedrooms, two full bathrooms plus a den
