Renovated Studio Residential
For Sale
$149,900
604 S WASHINGTON SQUARE Unit 118, Philadelphia, PA 19106
Updated kitchen, generous closet storage, and building amenities support a practical residential setup.
Property Size450 SF
Price / SF$333.11
Days on Market111
Property Features for 604 S WASHINGTON SQUARE Unit 118
General Information
Standard status
Active
Size
450 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,547
Amenities
24-hour doorman
seasonal rooftop pool
valet parking
on-site management
Building Details
Building Size
450 SF
Year Built
1973
Listing Agency:
Compass RE
Listed By:
Wagner Real Estate Group
Source:
Wagnerrealestate
Added: Jul 14
Changed: Nov 1
Last Checked: Nov 1 at 3:25PM
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 RE
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Investment Insights
Based on property information with market context.
This 450-square-foot studio at Hopkinson House features an open living area with oversized windows, vinyl flooring, and room for living, dining, and sleeping. The renovated kitchen has dark wood cabinetry, a tile backsplash, and stainless steel appliances. A dressing area with substantial closet storage connects to a bathroom with a white vanity and tub-shower combination.
Building amenities include a 24-hour doorman, on-site management, and a seasonal rooftop pool. Valet parking is available for an additional fee, subject to availability. The property is near Washington Square and provides access to shopping, dining, historic and cultural sites, the Broad Street and Market Street office corridors, I-676, I-95, 30th Street Station, and Philadelphia International Airport.
Building amenities include a 24-hour doorman, on-site management, and a seasonal rooftop pool. Valet parking is available for an additional fee, subject to availability. The property is near Washington Square and provides access to shopping, dining, historic and cultural sites, the Broad Street and Market Street office corridors, I-676, I-95, 30th Street Station, and Philadelphia International Airport.
Key Highlights
- 450‑square‑foot studio at Hopkinson House
- Renovated kitchen with dark wood cabinets, tile backsplash, and stainless steel appliances
- Oversized windows and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,078
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,560
$141.6K
Cap Rate 7%
$101,114
$101.1K
Cap Rate 9%
$78,644
$78.6K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$13.7K $30.36/SF
− Vacancy
−$792 −$1.76/SF
EGI
$12.9K $28.60/SF
− OpEx
−$5.8K −$12.87/SF
NOI
$7.1K $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%
$141,560
Cap Rate 7%
$101,114
Cap Rate 9%
$78,644
Alternative Uses
Best Use
Apartment 5plus
$101.1K
$88.5K – $118.0K
NOI $7,078 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$109.7K
$96.0K – $128.0K
NOI $7,679 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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 - Updated kitchen, generous closet storage, and building amenities support a practical residential setup.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 118 Philadelphia, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 450‑square‑foot studio at Hopkinson House; Renovated kitchen with dark wood cabinets, tile backsplash, and stainless steel appliances; Oversized windows and vinyl flooring
