Fifth-Floor 1-Bedroom
For Sale
$186,500
2601 PENNSYLVANIA AVENUE Unit 507, Philadelphia, PA 19130
Art Deco, solid-brick 1-bedroom, 1-bath condo with an open-plan layout and double-pane windows.
Property Size632 SF
Days on Market54
Property Features for 2601 PENNSYLVANIA AVENUE Unit 507
General Information
Standard status
Active
Size
632 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
fitness center
library
lounge
business and event area
private shuttle
concierge
play area
in-house dining
convenience store
exterior cameras
fire detection system
Building Details
Building Size
632 SF
Year Built
1940
Construction
Art Deco
Listing Agency:
KW Empower
(484) 430-1632
Listed By:
Charles Balducci · License #RS286990
(484) 430-1632
Source:
Patmckennarealtors
Added: Jun 12
Changed: Jul 30
Last Checked: Aug 3 at 11:03AM
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 KW Empower
Investment Insights
Based on property information with market context.
Unit 507 at 2601 Parkway Condominium is a fifth-floor, 1-bedroom, 1-bath condominium within a 1940 building featuring Art Deco style and solid brick construction. The interior is arranged as an open-plan living and dining area, complemented by rich hardwood floors. Large double-pane windows bring in natural light while framing the property’s desired Art Museum-area views. Custom window treatments provide options for soft filtered light or added privacy.
The kitchenette includes energy-efficient appliances, including a gas oven/range and refrigerator. The unit also offers storage, including a double closet and a pantry. Building services through the association include custodial maintenance, trash, water, pest control, and snow removal.
Community amenities are centered on comfort and convenience, including a modern fitness center, library, lounge, and a business and event area with a fully equipped kitchen. Security features include a monitored lobby, 24-hour concierge desk, secure elevators, exterior cameras, and a fire detection system. The circular driveway entrance supports private shuttle service to Center City and provides resident and visitor pick-up and drop-off, with abundant on-street parking. Two SEPTA bus routes run directly in front of the building.
The kitchenette includes energy-efficient appliances, including a gas oven/range and refrigerator. The unit also offers storage, including a double closet and a pantry. Building services through the association include custodial maintenance, trash, water, pest control, and snow removal.
Community amenities are centered on comfort and convenience, including a modern fitness center, library, lounge, and a business and event area with a fully equipped kitchen. Security features include a monitored lobby, 24-hour concierge desk, secure elevators, exterior cameras, and a fire detection system. The circular driveway entrance supports private shuttle service to Center City and provides resident and visitor pick-up and drop-off, with abundant on-street parking. Two SEPTA bus routes run directly in front of the building.
Key Highlights
- Fifth‑floor 1‑bedroom, 1‑bath condominium at 2601 Parkway Condominium
- Art Deco architecture with solid brick construction; building year built 1940
- Open‑plan living and dining area with hardwood floors and double‑pane windows
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 | $19.2k | $30.36 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $18.1k | $28.60 |
| − OpEx | −$8.1k | −$12.87 |
| NOI | $9.9k | $15.73 |
632 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$142.0K
$124.3K – $165.7K
NOI $9,941 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$154.1K
$134.8K – $179.8K
NOI $10,785 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
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 - Art Deco, solid-brick 1-bedroom, 1-bath condo with an open-plan layout and double-pane windows.
Where is this residential income property located?
The property is located at 2601 PENNSYLVANIA AVENUE Unit 507 Philadelphia, PA.
What is the asking price?
The asking price for this property is $186,500.
What are key features of this property?
This property features: Fifth‑floor 1‑bedroom, 1‑bath condominium at 2601 Parkway Condominium; Art Deco architecture with solid brick construction; building year built 1940; Open‑plan living and dining area with hardwood floors and double‑pane windows
