Penthouse Residential Income
For Sale
$252,000
604 S WASHINGTON SQUARE Unit 3105, Philadelphia, PA 19106
One-bedroom penthouse residence with flexible storage, open living areas, and building amenities including a rooftop pool and garage parking.
Property Size1,003 SF
Days on Market189
Property Features for 604 S WASHINGTON SQUARE Unit 3105
General Information
Standard status
Active
Size
1,003 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$4,706
Building Details
Building Size
1,003 SF
Year Built
1973
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Phyllis N Greenberg · License #AB045017A
(215) 421-1853
Source:
Patmckennarealtors
Added: Apr 27
Changed: Oct 31
Last Checked: Oct 30 at 8:49PM
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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Investment Insights
Based on property information with market context.
This one-bedroom residence occupies the penthouse floor of the Hopkinson House, a building completed in 1973. The interior includes a foyer with a large coat and storage closet, an expansive living and dining area, and a galley kitchen with an open counter facing the dining space. The bedroom offers substantial closet storage, while oversized windows bring in morning light. A full bathroom and washer/dryer closet are positioned off the hallway.
Building services and amenities include 24-hour desk staff, a rooftop pool, a landscaped patio, and underground garage parking. The property is located at 604 S Washington Square, Unit 3105, in Philadelphia, Pennsylvania.
Building services and amenities include 24-hour desk staff, a rooftop pool, a landscaped patio, and underground garage parking. The property is located at 604 S Washington Square, Unit 3105, in Philadelphia, Pennsylvania.
Key Highlights
- Penthouse‑floor one‑bedroom residence in the Hopkinson House
- Foyer includes a spacious coat and storage closet
- Open living and dining area connects to a galley kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,777
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,540
$315.5K
Cap Rate 7%
$225,386
$225.4K
Cap Rate 9%
$175,300
$175.3K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$30.5K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$28.7K $28.60/SF
− OpEx
−$12.9K −$12.87/SF
NOI
$15.8K $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%
$315,540
Cap Rate 7%
$225,386
Cap Rate 9%
$175,300
Alternative Uses
Best Use
Apartment 5plus
$225.4K
$197.2K – $263.0K
NOI $15,777 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$244.5K
$214.0K – $285.3K
NOI $17,116 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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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 - One-bedroom penthouse residence with flexible storage, open living areas, and building amenities including a rooftop pool and garage parking.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 3105 Philadelphia, PA.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Penthouse‑floor one‑bedroom residence in the Hopkinson House; Foyer includes a spacious coat and storage closet; Open living and dining area connects to a galley kitchen
