One-Bedroom Residential Income
For Sale
$215,000
2601 PENNSYLVANIA AVENUE Unit 325, Philadelphia, PA 19130
Renovated condominium with in-unit laundry, park views, and access to building fitness and concierge services.
Property Size783 SF
Days on Market8
Property Features for 2601 PENNSYLVANIA AVENUE Unit 325
General Information
Standard status
Active
Size
783 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,940
Amenities
hardwood floors
ceramic tiles
cherry cabinets
granite countertop
recess lights
walk-in closet
in-unit washer/dryer
pet friendly
gas cooking
shuttle bus
fitness center
community room
24-hour front desk
Building Details
Building Size
783 SF
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Gregory J Damis · License #RS153011A
(215) 440-2096
Source:
Patmckennarealtors
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 15 at 10:56AM
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-Center City Walnut
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium is located within the 2601 Parkway building, constructed in 1950. The residence includes hardwood flooring, an expanded kitchen with ceramic tile, 36-inch cherry cabinetry, granite counters, and recessed lighting. A renovated bathroom features a new tub, tile, vanity, toilet, and faucets. Storage includes a walk-in bedroom closet, and the unit has its own washer and dryer.
The building sits across from the Philadelphia Museum of Art at the base of Kelly Drive. Nearby destinations include the Barnes, Boathouse Row, the Schuylkill River walking path, Whole Foods Market, Wawa, CVS, Starbucks, a dog park, and Fairmount restaurants and bars. Building services include gas cooking, water, sewer, a city shuttle, fitness center, community room, and 24-hour front desk coverage. The condominium may be delivered with a long-term tenant or vacant.
The building sits across from the Philadelphia Museum of Art at the base of Kelly Drive. Nearby destinations include the Barnes, Boathouse Row, the Schuylkill River walking path, Whole Foods Market, Wawa, CVS, Starbucks, a dog park, and Fairmount restaurants and bars. Building services include gas cooking, water, sewer, a city shuttle, fitness center, community room, and 24-hour front desk coverage. The condominium may be delivered with a long-term tenant or vacant.
Key Highlights
- One‑bedroom, one‑bath condominium in the 2601 Parkway building
- Hardwood floors, expanded kitchen, 36‑inch cherry cabinets, granite counters, and recessed lighting
- Renovated bathroom with new tub, tile, vanity, toilet, and faucets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,320
$246.3K
Cap Rate 7%
$175,943
$175.9K
Cap Rate 9%
$136,844
$136.8K
Market Conditions
NOI Build-Up for 783 SF
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.
Gross rent
$23.8K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.4K $28.60/SF
− OpEx
−$10.1K −$12.87/SF
NOI
$12.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,320
Cap Rate 7%
$175,943
Cap Rate 9%
$136,844
Alternative Uses
Best Use
Apartment 5plus
$175.9K
$154.0K – $205.3K
NOI $12,316 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$190.9K
$167.0K – $222.7K
NOI $13,362 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium with in-unit laundry, park views, and access to building fitness and concierge services.
Where is this residential income property located?
The property is located at 2601 PENNSYLVANIA AVENUE Unit 325 Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium in the 2601 Parkway building; Hardwood floors, expanded kitchen, 36‑inch cherry cabinets, granite counters, and recessed lighting; Renovated bathroom with new tub, tile, vanity, toilet, and faucets
