Residential Income Property with
For Sale
$675,000
604 S WASHINGTON SQUARE Unit 2503, Philadelphia, PA 19106
A corner residence pairs a private outdoor space with river, bridge, and skyline views.
Property Size1,200 SF
Days on Market19
Property Features for 604 S WASHINGTON SQUARE Unit 2503
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,649
Amenities
24-hour doorman
front desk security
community room with library
seasonal rooftop pool
private balcony
in-unit washer/dryer
valet parking
Building Details
Building Size
1,200 SF
Year Built
1963
Listing Agency:
KW Empower
Listed By:
Jennifer Grosskopf · License #RS299355
(215) 498-4010
Source:
Patmckennarealtors
Added: Oct 14
Changed: Oct 31
Last Checked: Oct 30 at 11:20PM
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
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Investment Insights
Based on property information with market context.
This southeast-facing corner residence in Hopkinson House offers 2 bedrooms and 1.5 bathrooms, with a private balcony overlooking the river, bridges, and Philadelphia skyline. The open living and dining area connects to a modern kitchen with stainless-steel appliances and pantry storage. Custom closet systems, a built-in workstation, parquet floors, and an in-unit Bosch washer and dryer add practical detail. The hall bath has a walk-in shower with frameless glass; the primary suite includes a private half bath. The building was constructed in 1963.
Hopkinson House provides a 24-hour front desk and security, a community room with library, and a seasonal rooftop pool. The property is on Washington Square, near restaurants, shops, cultural venues, and public transportation. Underground secured valet parking is available in the building; the listing also notes a non-smoking policy and that cats are welcome.
Hopkinson House provides a 24-hour front desk and security, a community room with library, and a seasonal rooftop pool. The property is on Washington Square, near restaurants, shops, cultural venues, and public transportation. Underground secured valet parking is available in the building; the listing also notes a non-smoking policy and that cats are welcome.
Key Highlights
- 2‑bedroom, 1.5‑bath corner residence with a private balcony
- Southeast‑facing outlooks include the river, bridges, and Philadelphia skyline
- Open living and dining area; kitchen includes stainless‑steel appliances and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,875
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,500
$377.5K
Cap Rate 7%
$269,643
$269.6K
Cap Rate 9%
$209,722
$209.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.4K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$34.3K $28.60/SF
− OpEx
−$15.4K −$12.87/SF
NOI
$18.9K $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%
$377,500
Cap Rate 7%
$269,643
Cap Rate 9%
$209,722
Alternative Uses
Best Use
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 3.03%
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 corner residence pairs a private outdoor space with river, bridge, and skyline views.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 2503 Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2‑bedroom, 1.5‑bath corner residence with a private balcony; Southeast‑facing outlooks include the river, bridges, and Philadelphia skyline; Open living and dining area; kitchen includes stainless‑steel appliances and pantry
