Studio Condominium with Building
New
For Sale
$150,000
2601 PENNSYLVANIA AVENUE Unit 403, Philadelphia, PA 19130
An open-plan residence includes a walk-in closet, in-unit laundry, and access to shared fitness and resident spaces.
Property Size531 SF
Days on Market6
Property Features for 2601 PENNSYLVANIA AVENUE Unit 403
General Information
Standard status
Active
Size
531 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1,970
Amenities
24-hour front desk
fitness center
resident lounge
on-site restaurant
convenience store
dry-cleaning services
Building Details
Building Size
531 SF
Year Built
1950
Listing Agency:
EXP Realty, LLC
Listed By:
Samuel Walls · License #RS373711
(484) 999-4840
Source:
Patmckennarealtors
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 1:36PM
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 EXP Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This studio condominium at 2601 Pennsylvania Avenue, Unit 403, has an open-concept layout, a contemporary kitchen, updated appliances, laminate flooring, and a walk-in closet. An in-unit washer and dryer serve the residence. The building, completed in 1950, offers a 24-hour front desk, fitness center, resident lounge, on-site restaurant, convenience store, and dry-cleaning services.
The property is along the Benjamin Franklin Parkway in Philadelphia. The Philadelphia Museum of Art, Fairmount Park, Kelly Drive, neighborhood restaurants, Whole Foods, public transportation, and major roadways are within reach.
The condominium fee covers utilities other than electricity and cable. Pets are permitted subject to restrictions.
The property is along the Benjamin Franklin Parkway in Philadelphia. The Philadelphia Museum of Art, Fairmount Park, Kelly Drive, neighborhood restaurants, Whole Foods, public transportation, and major roadways are within reach.
The condominium fee covers utilities other than electricity and cable. Pets are permitted subject to restrictions.
Key Highlights
- Studio condominium with open‑concept layout
- Walk‑in closet and in‑unit washer and dryer
- Building amenities include a fitness center, resident lounge, 24‑hour front desk, restaurant, convenience store, and dry‑cleaning services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,352
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,040
$167.0K
Cap Rate 7%
$119,314
$119.3K
Cap Rate 9%
$92,800
$92.8K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$16.1K $30.36/SF
− Vacancy
−$935 −$1.76/SF
EGI
$15.2K $28.60/SF
− OpEx
−$6.8K −$12.87/SF
NOI
$8.4K $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%
$167,040
Cap Rate 7%
$119,314
Cap Rate 9%
$92,800
Alternative Uses
Best Use
Apartment 5plus
$119.3K
$104.4K – $139.2K
NOI $8,352 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$129.4K
$113.3K – $151.0K
NOI $9,061 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan residence includes a walk-in closet, in-unit laundry, and access to shared fitness and resident spaces.
Where is this residential income property located?
The property is located at 2601 PENNSYLVANIA AVENUE Unit 403 Philadelphia, PA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Studio condominium with open‑concept layout; Walk‑in closet and in‑unit washer and dryer; Building amenities include a fitness center, resident lounge, 24‑hour front desk, restaurant, convenience store, and dry‑cleaning services
