Residential Income Property with Studio
For Sale
$165,000
Pending
604 S WASHINGTON SQUARE Unit 804, Philadelphia, PA 19106
The unit combines living, dining, and sleeping areas with a full bath and ample closet storage.
Property Size600 SF
Days on Market148
Property Features for 604 S WASHINGTON SQUARE Unit 804
General Information
Standard status
Pending
Size
600 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,830
Amenities
24-hour concierge
seasonal rooftop pool
fitness center
on-site parking
Building Details
Building Size
600 SF
Year Built
1973
Listing Agency:
Coldwell Banker Realty
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Wagnerrealestate
Added: Jun 10
Changed: Nov 2
Last Checked: Nov 4 at 9:03AM
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
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Investment Insights
Based on property information with market context.
This 600-square-foot studio condominium has a layout that separates living, dining, and sleeping areas. The kitchen provides cabinetry and workspace, while closet storage and a full bath round out the unit. Expansive windows face Washington Square and bring natural light into the space.
The 1973 building offers a 24-hour concierge, a seasonal rooftop pool, a fitness center, and on-site parking, subject to availability. Washington Square is directly below, with dining, shopping, and cultural destinations described as nearby.
The 1973 building offers a 24-hour concierge, a seasonal rooftop pool, a fitness center, and on-site parking, subject to availability. Washington Square is directly below, with dining, shopping, and cultural destinations described as nearby.
Key Highlights
- 600‑square‑foot studio condominium
- Windows overlook Washington Square
- Separate living, dining, and sleeping areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,438
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,760
$188.8K
Cap Rate 7%
$134,829
$134.8K
Cap Rate 9%
$104,867
$104.9K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$18.2K $30.36/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$17.2K $28.60/SF
− OpEx
−$7.7K −$12.87/SF
NOI
$9.4K $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%
$188,760
Cap Rate 7%
$134,829
Cap Rate 9%
$104,867
Alternative Uses
Best Use
Apartment 5plus
$134.8K
$118.0K – $157.3K
NOI $9,438 @ 7.0% cap · market cap 5.72%
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 6.21%
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 - The unit combines living, dining, and sleeping areas with a full bath and ample closet storage.
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 $165,000.
What are key features of this property?
This property features: 600‑square‑foot studio condominium; Windows overlook Washington Square; Separate living, dining, and sleeping areas
