Residential Income Condo with Private
For Sale
$270,000
301 RACE STREET Unit C010, Philadelphia, PA 19106
Condo unit with a private entrance tucked in a courtyard, featuring hardwood floors, soaring ceilings, and stainless steel appliances.
Property Size730 SF
Days on Market20
Property Features for 301 RACE STREET Unit C010
General Information
Standard status
Active
Size
730 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
courtyard
bike storage
lobby
private storage unit
mailroom
Building Details
Building Size
730 SF
Year Built
1870
Listing Agency:
KW Empower
(215) 709-4141
Listed By:
Lauren R Acker Kratz · License #RS272482
(215) 709-4141
Source:
Patmckennarealtors
Added: Jul 16
Changed: Jul 30
Last Checked: Aug 3 at 11:20AM
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.
A residential income condo at Wireworks (Unit C010) offering a private, street-accessible feel within a courtyard setting. The unit includes a private entrance, with a dedicated sitting area just outside your door, plus an open layout with hardwood floors, tons of natural light, and soaring ceilings.
Inside, the kitchen features stainless steel appliances and ample cabinet space, with a picture window opening to the living area. The bedroom is described as bright and spacious, with a walk-in closet and a backlit vanity. A full bath includes a soaking tub, and the unit has a washer/dryer and built-in storage.
Wireworks amenities include bike storage, a lobby, a private storage unit, and a convenient mailroom. Garage parking is described as available directly across the street on Race Street, or an affordable residential street parking permit may be available. The property was built in 1870.
Inside, the kitchen features stainless steel appliances and ample cabinet space, with a picture window opening to the living area. The bedroom is described as bright and spacious, with a walk-in closet and a backlit vanity. A full bath includes a soaking tub, and the unit has a washer/dryer and built-in storage.
Wireworks amenities include bike storage, a lobby, a private storage unit, and a convenient mailroom. Garage parking is described as available directly across the street on Race Street, or an affordable residential street parking permit may be available. The property was built in 1870.
Key Highlights
- Private entrance tucked inside the courtyard with a private sitting area just outside the door
- Hardwood floors, soaring ceilings, and an open layout with abundant natural light
- Kitchen with stainless steel appliances and a picture window opening to the living area
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 | $22.2k | $30.36 |
| − Vacancy | −$1.3k | −$1.76 |
| EGI | $20.9k | $28.60 |
| − OpEx | −$9.4k | −$12.87 |
| NOI | $11.5k | $15.73 |
730 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$164.0K
$143.5K – $191.4K
NOI $11,483 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$178.0K
$155.7K – $207.6K
NOI $12,457 @ 7.0% cap · market cap 4.61%
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
10,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Market
Average Price Trend$/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 - Condo unit with a private entrance tucked in a courtyard, featuring hardwood floors, soaring ceilings, and stainless steel appliances.
Where is this residential income property located?
The property is located at 301 RACE STREET Unit C010 Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Private entrance tucked inside the courtyard with a private sitting area just outside the door; Hardwood floors, soaring ceilings, and an open layout with abundant natural light; Kitchen with stainless steel appliances and a picture window opening to the living area
