Residential Income Property with Park
For Sale
$210,000
604 S WASHINGTON SQUARE Unit 306, Philadelphia, PA 19106
Alcove studio in Hopkinson House with parquet floors, abundant windows, and a rooftop pool.
Property Size600 SF
Days on Market81
Property Features for 604 S WASHINGTON SQUARE Unit 306
General Information
Standard status
Active
Size
600 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x alcove studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,588
Amenities
24-hour doorman
on-site management
seasonal rooftop pool
parking available
Building Details
Building Size
600 SF
Year Built
1973
Listing Agency:
KW Empower
(267) 242-9976
Listed By:
Vincent Mancini · License #RS338007
(267) 242-9976
Source:
Patmckennarealtors
Added: May 16
Changed: Aug 4
Last Checked: Aug 4 at 5:25AM
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
Investment Insights
Based on property information with market context.
This residential income property is an alcove studio at Hopkinson House, with a layout that combines living and dining space, a separate kitchen, dressing area, full hall bathroom, and foyer storage. Parquet flooring extends through the main living areas, while a broad window wall brings in natural light and frames treetop views toward Washington Square. The kitchen includes white cabinetry, white appliances, gray countertops, and a breakfast bar.
Hopkinson House provides a 24-hour doorman, on-site management, parking availability, and a seasonal rooftop pool with panoramic city views. The residence is positioned near Washington Square Park, restaurants, boutique shopping, historic landmarks, cultural attractions, and public transportation. The building dates to 1973 and is located in Philadelphia’s Society Hill and Center City area.
Hopkinson House provides a 24-hour doorman, on-site management, parking availability, and a seasonal rooftop pool with panoramic city views. The residence is positioned near Washington Square Park, restaurants, boutique shopping, historic landmarks, cultural attractions, and public transportation. The building dates to 1973 and is located in Philadelphia’s Society Hill and Center City area.
Key Highlights
- Alcove studio at Hopkinson House with views toward Washington Square
- Parquet floors, broad window wall, and treetop outlook
- Kitchen with white cabinetry, white appliances, gray countertops, and breakfast bar
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.2k | $30.36 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $17.2k | $28.60 |
| − OpEx | −$7.7k | −$12.87 |
| NOI | $9.4k | $15.73 |
600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$134.8K
$118.0K – $157.3K
NOI $9,438 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$146.3K
$128.0K – $170.7K
NOI $10,239 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$528,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Alcove studio in Hopkinson House with parquet floors, abundant windows, and a rooftop pool.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 306 Philadelphia, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Alcove studio at Hopkinson House with views toward Washington Square; Parquet floors, broad window wall, and treetop outlook; Kitchen with white cabinetry, white appliances, gray countertops, and breakfast bar
