Residential Income Property with
For Sale
$664,900
Pending
319 VINE STREET Unit 307, Philadelphia, PA 19106
Corner residence with two private baths, deeded garage parking, dedicated storage, and access to building amenities.
Property Size1,275 SF
Days on Market35
Property Features for 319 VINE STREET Unit 307
General Information
Standard status
Pending
Size
1,275 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$7,208
Building Details
Building Size
1,275 SF
Year Built
2006
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Nancy Serpentine · License #RS337135
(215) 768-1994
Source:
Patmckennarealtors
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 17 at 3:38PM
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 corner residential income property was built in 2006 and features an open, light-filled interior with ten-foot ceilings and floor-to-ceiling windows. The residence includes two bedrooms, each with a private bath, along with custom cabinetry, fitted closets, and a balcony adjoining the living area. One bedroom is currently arranged as an office and secondary sitting area but can be returned to bedroom use. Deeded garage parking and a private corner storage unit add practical convenience.
York Square provides a 24-hour concierge and fitness center. The property is in Philadelphia’s Old City, close to restaurants, coffee shops, art galleries, historic streets, and the Delaware River waterfront. The residence has remained with its original owners since the building’s construction.
York Square provides a 24-hour concierge and fitness center. The property is in Philadelphia’s Old City, close to restaurants, coffee shops, art galleries, historic streets, and the Delaware River waterfront. The residence has remained with its original owners since the building’s construction.
Key Highlights
- Corner residence with ten‑foot ceilings and floor‑to‑ceiling windows
- Two bedrooms, each with a private bath
- Flexible second bedroom currently used as an office and secondary living area
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
$20,055
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
3.02%
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%
$401,100
$401.1K
Cap Rate 7%
$286,500
$286.5K
Cap Rate 9%
$222,833
$222.8K
Market Conditions
NOI Build-Up for 1,275 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
$38.7K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$36.5K $28.60/SF
− OpEx
−$16.4K −$12.87/SF
NOI
$20.1K $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%
$401,100
Cap Rate 7%
$286,500
Cap Rate 9%
$222,833
Alternative Uses
Best Use
Apartment 5plus
$286.5K
$250.7K – $334.3K
NOI $20,055 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,758 @ 7.0% cap · market cap 3.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with two private baths, deeded garage parking, dedicated storage, and access to building amenities.
Where is this residential income property located?
The property is located at 319 VINE STREET Unit 307 Philadelphia, PA.
What is the asking price?
The asking price for this property is $664,900.
What are key features of this property?
This property features: Corner residence with ten‑foot ceilings and floor‑to‑ceiling windows; Two bedrooms, each with a private bath; Flexible second bedroom currently used as an office and secondary living area
