Residential Income Property with
For Sale
$380,000
604 S WASHINGTON SQUARE Unit 405, Philadelphia, PA 19106
A den, private balcony, and 24-hour concierge service complement the residence’s open living and dining area.
Property Size1,003 SF
Price / SF$378.86
Days on Market66
Property Features for 604 S WASHINGTON SQUARE Unit 405
General Information
Standard status
Active
Size
1,003 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,437
Amenities
private balcony
24-hour concierge service
rooftop pool
valet parking
Building Details
Building Size
1,003 SF
Year Built
1973
Listing Agency:
Franklin Investment Realty
Listed By:
Matthew Scannapieco · License #AB069440
(215) 485-6018
Source:
Desantis-realestate
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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 Franklin Investment Realty
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Investment Insights
Based on property information with market context.
At Hopkinson House, this 1,003-square-foot residence has one bedroom, a den, and an open living and dining area. Hardwood flooring runs throughout, while the kitchen sits beside the main living space. A private balcony off the living room faces south toward views of the Philadelphia skyline. Closet storage includes space in both the bedroom and hallway.
The property is at 604 S Washington Square in Philadelphia. Building services include a 24-hour concierge. Residents may also use the rooftop pool and valet parking for an additional fee.
The property is at 604 S Washington Square in Philadelphia. Building services include a 24-hour concierge. Residents may also use the rooftop pool and valet parking for an additional fee.
Key Highlights
- 1,003‑square‑foot residence with one bedroom and a den
- Private balcony with south‑facing Philadelphia skyline views
- Hardwood floors throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,777
Cap Rate
4.15%
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 4.15%
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 4.50%
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 den, private balcony, and 24-hour concierge service complement the residence’s open living and dining area.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 405 Philadelphia, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1,003‑square‑foot residence with one bedroom and a den; Private balcony with south‑facing Philadelphia skyline views; Hardwood floors throughout the residence
