Studio Residence in Full-Service
For Sale
$163,500
604 S WASHINGTON SQUARE Unit 2506, Philadelphia, PA 19106
Building amenities include a rooftop pool, concierge service, doormen, and on-site laundry.
Property Size600 SF
Price / SF$272.50
Days on Market160
Property Features for 604 S WASHINGTON SQUARE Unit 2506
General Information
Standard status
Active
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
$2,942
Amenities
concierge
doorman
rooftop pool
on-site laundry facilities
outdoor spaces
valet parking
Building Details
Building Size
600 SF
Year Built
1973
Listing Agency:
KW Empower
Listed By:
Terrell Jones · License #RS373105
(267) 591-2117
Source:
Wagnerrealestate
Added: May 29
Changed: Nov 2
Last Checked: Nov 4 at 9:08AM
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.
This 600-square-foot studio residence occupies the 25th floor of Hopkinson House, a residential building constructed in 1973. Residents have access to a rooftop pool, front desk concierge, doormen, on-site laundry facilities, and outdoor areas. Valet parking is available with a paid pass.
The property is across from Washington Square Park, with dining and shopping nearby. Its high-floor position and building amenities are defining features of this studio residence.
The property is across from Washington Square Park, with dining and shopping nearby. Its high-floor position and building amenities are defining features of this studio residence.
Key Highlights
- 600‑square‑foot studio residence on the 25th floor
- Hopkinson House was built in 1973
- Rooftop pool and front desk concierge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,438
Cap Rate
5.77%
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 5.77%
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 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - Building amenities include a rooftop pool, concierge service, doormen, and on-site laundry.
Where is this residential income property located?
The property is located at 604 S WASHINGTON SQUARE Unit 2506 Philadelphia, PA.
What is the asking price?
The asking price for this property is $163,500.
What are key features of this property?
This property features: 600‑square‑foot studio residence on the 25th floor; Hopkinson House was built in 1973; Rooftop pool and front desk concierge
