Studio Residential Income
New
For Sale
$130,000
2601 PENNSYLVANIA AVENUE Unit 522, Philadelphia, PA 19130
Open-plan unit with hardwood flooring, in-unit laundry, and a spacious walk-in closet.
Property Size564 SF
Days on Market3
Property Features for 2601 PENNSYLVANIA AVENUE Unit 522
General Information
Standard status
Active
Size
564 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,058
Amenities
24 hour front desk service
fitness center
complimentary shuttle to Center City
in-unit washer/dryer
walk-in closet
Building Details
Building Size
564 SF
Year Built
1950
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Nicole Marcum Rife · License #RS306682
(484) 678-8131
Source:
Patmckennarealtors
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 20 at 11:26AM
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.
This studio residence at 2601 Pennsylvania Avenue, Unit 522, features an open interior with hardwood floors and strong natural light. A walk-in closet adds substantial storage, while the in-unit washer and dryer support convenient daily living. The property was built in 1950.
Resident amenities include 24-hour front desk service, a fitness center, and a complimentary shuttle to Center City. Fairmount Park, Kelly Drive, and the Schuylkill River Trail are nearby, along with the Philadelphia Museum of Art, Barnes Foundation, Rodin Museum, Eastern State Penitentiary, and Boathouse Row. Restaurants, cafes, Whole Foods Market, Target, and neighborhood shops are also located in the surrounding Fairmount area.
SEPTA Routes 32, 38, and 49 serve Pennsylvania Avenue and nearby Kelly Drive, with connections to Center City, University City, and 30th Street Station. The property also provides access to I-76.
Resident amenities include 24-hour front desk service, a fitness center, and a complimentary shuttle to Center City. Fairmount Park, Kelly Drive, and the Schuylkill River Trail are nearby, along with the Philadelphia Museum of Art, Barnes Foundation, Rodin Museum, Eastern State Penitentiary, and Boathouse Row. Restaurants, cafes, Whole Foods Market, Target, and neighborhood shops are also located in the surrounding Fairmount area.
SEPTA Routes 32, 38, and 49 serve Pennsylvania Avenue and nearby Kelly Drive, with connections to Center City, University City, and 30th Street Station. The property also provides access to I-76.
Key Highlights
- Studio unit with open layout and hardwood floors
- In‑unit washer and dryer
- Walk‑in closet provides additional storage
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
$8,871
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
6.82%
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%
$177,420
$177.4K
Cap Rate 7%
$126,729
$126.7K
Cap Rate 9%
$98,567
$98.6K
Market Conditions
NOI Build-Up for 564 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
$17.1K $30.36/SF
− Vacancy
−$993 −$1.76/SF
EGI
$16.1K $28.60/SF
− OpEx
−$7.3K −$12.87/SF
NOI
$8.9K $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%
$177,420
Cap Rate 7%
$126,729
Cap Rate 9%
$98,567
Alternative Uses
Best Use
Apartment 5plus
$126.7K
$110.9K – $147.9K
NOI $8,871 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$137.5K
$120.3K – $160.4K
NOI $9,625 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway 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
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan unit with hardwood flooring, in-unit laundry, and a spacious walk-in closet.
Where is this residential income property located?
The property is located at 2601 PENNSYLVANIA AVENUE Unit 522 Philadelphia, PA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Studio unit with open layout and hardwood floors; In‑unit washer and dryer; Walk‑in closet provides additional storage
