Two-Bedroom Penthouse
For Sale
$235,000
2601 PENNSYLVANIA AVENUE Unit 1242, Philadelphia, PA 19130
Penthouse two-bedroom with in-unit washer and dryer and nearly 1,000 SF, with condo fees covering utilities.
Property Size1,000 SF
Price / SF$235
Days on Market52
Property Features for 2601 PENNSYLVANIA AVENUE Unit 1242
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
in-unit washer and dryer
fitness center
24-hour lobby attendant
shuttle service
pet-friendly
Building Details
Building Size
938 SF
Year Built
1950
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 695-5042
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Jun 12
Changed: Jul 30
Last Checked: Aug 2 at 12:01PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
Experience sophisticated urban living in this two-bedroom penthouse residence at 2601 Pennsylvania Avenue. Built in 1950, the home offers an open layout with expansive living and dining areas, gleaming floors, and oversized windows that bring in abundant natural light. The modern kitchen features abundant cabinetry, a breakfast bar, and premium appliances including a four-burner gas range, side-by-side refrigerator, and dishwasher.
The primary bedroom includes an oversized closet and unobstructed views, while the second bedroom offers ample storage. The bathroom features ceramic tile and polished chrome fixtures, along with a ceramic sink and storage vanity. Additional closets and an in-unit washer and dryer add to everyday convenience.
Condo fees include gas cooking, water, sewer, shuttle service, fitness center, and a 24-hour lobby attendant. The residence is across from the Art Museum and Fairmount Park and is just steps from Kelly Drive, Boathouse Row, Whole Foods, Target, the Barnes, nearby restaurants, and major transportation.
The primary bedroom includes an oversized closet and unobstructed views, while the second bedroom offers ample storage. The bathroom features ceramic tile and polished chrome fixtures, along with a ceramic sink and storage vanity. Additional closets and an in-unit washer and dryer add to everyday convenience.
Condo fees include gas cooking, water, sewer, shuttle service, fitness center, and a 24-hour lobby attendant. The residence is across from the Art Museum and Fairmount Park and is just steps from Kelly Drive, Boathouse Row, Whole Foods, Target, the Barnes, nearby restaurants, and major transportation.
Key Highlights
- Two‑bedroom penthouse residence with an open layout and oversized windows
- Nearly 1,000 SF with expansive living and dining areas
- Kitchen with four‑burner gas range, breakfast bar, side‑by‑side refrigerator, and dishwasher
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 | $30.4k | $30.36 |
| − Vacancy | −$1.8k | −$1.76 |
| EGI | $28.6k | $28.60 |
| − OpEx | −$12.9k | −$12.87 |
| NOI | $15.7k | $15.73 |
1,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 7.26%
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
1,907
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
$483,500
Median Home Value
Market
Average Price Trend$/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 - Penthouse two-bedroom with in-unit washer and dryer and nearly 1,000 SF, with condo fees covering utilities.
Where is this residential income property located?
The property is located at 2601 PENNSYLVANIA AVENUE Unit 1242 Philadelphia, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑bedroom penthouse residence with an open layout and oversized windows; Nearly 1,000 SF with expansive living and dining areas; Kitchen with four‑burner gas range, breakfast bar, side‑by‑side refrigerator, and dishwasher
