Renovated One-Bedroom
For Sale
$290,000
604 S WASHINGTON SQUARE Unit 3008, Philadelphia, PA 19106
A private balcony and park-facing living room frame views of the city and bridge.
Property Size843 SF
Price / SF$344.01
Days on Market19
Property Features for 604 S WASHINGTON SQUARE Unit 3008
General Information
Standard status
Active
Size
843 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,734
Amenities
24-hour doorman
on-site management
seasonal rooftop pool
valet parking
Building Details
Building Size
843 SF
Year Built
1973
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Robert A Mika · License #RS332886
(609) 290-0923
Source:
Desantis-realestate
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 27 at 3:17AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated 843-square-foot residence has a foyer, a large hallway closet, and an open living area with a modern kitchen, stainless steel appliances, generous cabinetry, and a breakfast bar. A stacked washer and dryer are located in the kitchen area. The primary bedroom includes a walk-in closet with a dressing area and an en-suite bathroom, while a private balcony extends the living space outdoors.
The living room window faces Washington Square Park, and the balcony looks toward the bridge and city skyline. Building amenities include a 24-hour doorman, on-site management, a seasonal rooftop pool, and valet parking, subject to availability and an additional fee.
The living room window faces Washington Square Park, and the balcony looks toward the bridge and city skyline. Building amenities include a 24-hour doorman, on-site management, a seasonal rooftop pool, and valet parking, subject to availability and an additional fee.
Key Highlights
- Renovated 843‑square‑foot residence
- Private balcony with bridge and skyline views
- Living room window facing Washington Square Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,260
Cap Rate
4.57%
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 4.57%
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 4.96%
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
16,563
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 balcony and park-facing living room frame views of the city and bridge.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 3008 Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Renovated 843‑square‑foot residence; Private balcony with bridge and skyline views; Living room window facing Washington Square Park
