Studio Residential Income
For Sale
$178,000
604 S WASHINGTON SQUARE Unit 804, Philadelphia, PA 19106
Unit 804 offers an open layout, modern kitchen, city views, and access to building amenities.
Property Size600 SF
Days on Market56
Property Features for 604 S WASHINGTON SQUARE Unit 804
General Information
Standard status
Active
Size
600 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,830
Amenities
24-hour concierge
rooftop pool
cat-friendly
Building Details
Building Size
600 SF
Year Built
1973
Listing Agency:
Coldwell Banker Realty
(215) 620-9341
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Patmckennarealtors
Added: Jun 10
Changed: Aug 4
Last Checked: Aug 4 at 6:17AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Unit 804 is a studio residential income property with one bathroom, an open living arrangement, a modern kitchen, and ample closet space. The residence is described as bright and spacious, with views over historic Washington Square and the surrounding city. It is located within Hopkinson House, a building completed in 1973.
Building amenities include 24-hour concierge service, a rooftop pool, and on-site parking. The property is cat-friendly and carries a Walk Score of 100. Its 604 S Washington Square address places the unit near Philadelphia dining, shopping, and cultural attractions.
Building amenities include 24-hour concierge service, a rooftop pool, and on-site parking. The property is cat-friendly and carries a Walk Score of 100. Its 604 S Washington Square address places the unit near Philadelphia dining, shopping, and cultural attractions.
Key Highlights
- Studio unit with 1 bathroom and an open‑concept living area
- Views overlooking historic Washington Square and the surrounding city
- Modern kitchen with ample closet space
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 5.30%
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 5.75%
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 - Unit 804 offers an open layout, modern kitchen, city views, and access to building amenities.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 804 Philadelphia, PA.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Studio unit with 1 bathroom and an open‑concept living area; Views overlooking historic Washington Square and the surrounding city; Modern kitchen with ample closet space
