Park-Facing Residential Income
For Sale
$610,000
Pending
604 S WASHINGTON SQUARE Unit 416, Philadelphia, PA 19106
Corner residence with two bedrooms, two full baths, a private balcony, and views toward Washington Square Park.
Property Size1,200 SF
Days on Market54
Property Features for 604 S WASHINGTON SQUARE Unit 416
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$6,579
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: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 2:20PM
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.
Unit 416 at Hopkinson House is a northwest-facing corner residence with 2 bedrooms, 2 full baths, and a private balcony overlooking Washington Square Park. The interior includes an open living and dining area, hardwood flooring, a custom built-in wall unit, a spacious entry foyer, and extensive closet storage. The kitchen is equipped with flat-panel cabinetry, under-mount lighting, granite countertops, subway-tile backsplash, and stainless-steel appliances. An in-unit stackable washer and dryer adds convenience. The primary bedroom has an ensuite bath with a step-in shower, while the second bedroom receives natural light.
Hopkinson House is a nonsmoking building with a 24-hour doorman and front desk security, underground secured valet parking, a community room with library, and a seasonal rooftop pool. The condo fee includes utilities, high-speed internet, and cable TV with HBO. The property is steps from restaurants, shopping, coffee shops, galleries, theaters, and museums, with public transportation nearby and Philadelphia Sports Club, markets, dry cleaners, and pharmacies one block away.
Hopkinson House is a nonsmoking building with a 24-hour doorman and front desk security, underground secured valet parking, a community room with library, and a seasonal rooftop pool. The condo fee includes utilities, high-speed internet, and cable TV with HBO. The property is steps from restaurants, shopping, coffee shops, galleries, theaters, and museums, with public transportation nearby and Philadelphia Sports Club, markets, dry cleaners, and pharmacies one block away.
Key Highlights
- 2‑bedroom, 2‑full‑bath corner residence in Hopkinson House
- Private balcony with views overlooking Washington Square Park
- Kitchen with granite countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,875
Cap Rate
3.09%
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 3.09%
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 3.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 - Corner residence with two bedrooms, two full baths, a private balcony, and views toward Washington Square Park.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 416 Philadelphia, PA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑full‑bath corner residence in Hopkinson House; Private balcony with views overlooking Washington Square Park; Kitchen with granite countertops and stainless‑steel appliances
