Two-Level Residential Income
For Sale
$635,000
Pending
317-319 VINE STREET Unit 511, Philadelphia, PA 19106
A private terrace, garage space, and fitness room accompany this bi-level Philadelphia residence.
Property Size1,409 SF
Days on Market27
Property Features for 317-319 VINE STREET Unit 511
General Information
Standard status
Pending
Size
1,409 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,978
Amenities
door person
fitness room
lobby
Building Details
Building Size
1,409 SF
Year Built
2006
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Johanna A Loke · License #AB051943L
(215) 350-0922
Source:
Patmckennarealtors
Added: Oct 6
Changed: Oct 31
Last Checked: Nov 1 at 1:45PM
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 The Harper at Rittenhouse Square
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 bi-level residence has two bedrooms and a separate enclosed area suited to office use. The main floor combines living and dining space with an open kitchen, powder room, wood flooring, and access to a private terrace. The primary bedroom includes an ensuite bath and its own terrace; a second full bathroom serves the other bedroom. Garage space number 49 and storage bin number 5 are included. The building also has a lobby and fitness room and was completed in 2006.
The property is at 317-319 Vine Street in Philadelphia’s Old City. Architect Cecil Baker designed the building.
The property is at 317-319 Vine Street in Philadelphia’s Old City. Architect Cecil Baker designed the building.
Key Highlights
- Bi‑level layout with two bedrooms and a separate office area
- Private terrace off the main level and a second terrace at the primary suite
- Garage space #49 and storage bin #5 included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,163
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,260
$443.3K
Cap Rate 7%
$316,614
$316.6K
Cap Rate 9%
$246,256
$246.3K
Market Conditions
NOI Build-Up for 1,409 SF
Gross rent
$42.8K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.3K $28.60/SF
− OpEx
−$18.1K −$12.87/SF
NOI
$22.2K $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%
$443,260
Cap Rate 7%
$316,614
Cap Rate 9%
$246,256
Alternative Uses
Best Use
Apartment 5plus
$316.6K
$277.0K – $369.4K
NOI $22,163 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$343.5K
$300.6K – $400.7K
NOI $24,044 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,111
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
Frequently Asked Questions
What type of property is this?
Residential income property - A private terrace, garage space, and fitness room accompany this bi-level Philadelphia residence.
Where is this residential income property located?
The property is located at 317-319 VINE STREET Unit 511 Philadelphia, PA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Bi‑level layout with two bedrooms and a separate office area; Private terrace off the main level and a second terrace at the primary suite; Garage space #49 and storage bin #5 included
