One-Bedroom Residence with
For Sale
$249,900
Pending
604 S WASHINGTON SQUARE Unit 1308, Philadelphia, PA 19106
A renovated bathroom and updated kitchen complement the unit’s parquet floors and ample storage.
Property Size843 SF
Days on Market38
Property Features for 604 S WASHINGTON SQUARE Unit 1308
General Information
Standard status
Pending
Size
843 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,563
Amenities
24-hour doorman
on-site management
seasonal rooftop pool
valet parking
Building Details
Building Size
843 SF
Year Built
1973
Listing Agency:
Allan Domb Real Estate
Listed By:
Allan Domb · License #RB043135A
(215) 545-1500
Source:
Patmckennarealtors
Added: Sep 25
Changed: Oct 31
Last Checked: Nov 1 at 1:10PM
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 Allan Domb Real Estate
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Investment Insights
Based on property information with market context.
Set within Hopkinson House, this one-bedroom residence has a foyer with floor-to-ceiling open shelving and a great room arranged for living and dining. A private balcony faces Washington Square, with views extending to the Center City skyline. The kitchen has wood cabinetry, stone counters, tile flooring and backsplash, and updated appliances. Parquet floors continue through the home. The bedroom includes an oversized window and wall closet, while a separate hall closet adds storage; the bathroom has been renovated and includes a tub and shower.
Built in 1973, the building offers a 24-hour doorman, on-site management, a seasonal rooftop pool, and valet parking for an additional fee, subject to availability. Ground-floor retail and access to restaurants, cultural destinations, hospitals, and public transportation are also noted.
Built in 1973, the building offers a 24-hour doorman, on-site management, a seasonal rooftop pool, and valet parking for an additional fee, subject to availability. Ground-floor retail and access to restaurants, cultural destinations, hospitals, and public transportation are also noted.
Key Highlights
- One‑bedroom residence with private balcony overlooking Washington Square
- Great room provides space for both living and dining
- Kitchen features wood cabinetry, stone countertops, and updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,260
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,200
$265.2K
Cap Rate 7%
$189,429
$189.4K
Cap Rate 9%
$147,333
$147.3K
Market Conditions
NOI Build-Up for 843 SF
Gross rent
$25.6K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.1K $28.60/SF
− OpEx
−$10.8K −$12.87/SF
NOI
$13.3K $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%
$265,200
Cap Rate 7%
$189,429
Cap Rate 9%
$147,333
Alternative Uses
Best Use
Apartment 5plus
$189.4K
$165.8K – $221.0K
NOI $13,260 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16,563
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated bathroom and updated kitchen complement the unit’s parquet floors and ample storage.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 1308 Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: One‑bedroom residence with private balcony overlooking Washington Square; Great room provides space for both living and dining; Kitchen features wood cabinetry, stone countertops, and updated appliances
