First-Floor 2-Bedroom Condo with
For Sale
$399,998
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$288.60
Days on Market99
Property Features for 2555 CARPENTER STREET #A
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Apartment
Site & Location
Neighborhood
Devils Pocket
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Amenities
private front door
private back patio
covered parking
laundry room
Building Details
Year Built
2015
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Cherise Wynne · License #RS317891
(215) 518-5193
Source:
Cummingsrealtors
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 3 at 6:48AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$21,801
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,020
$436.0K
Cap Rate 7%
$311,443
$311.4K
Cap Rate 9%
$242,233
$242.2K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$42.1K $30.36/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$39.6K $28.60/SF
− OpEx
−$17.8K −$12.87/SF
NOI
$21.8K $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%
$436,020
Cap Rate 7%
$311,443
Cap Rate 9%
$242,233
Alternative Uses
Best Use
Apartment 5plus
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 5.45%
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 5.91%
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
5,088
Businesses Nearby
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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
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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 $399,998.
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
