Furnished Residential Income
For Sale
$299,000
647 N 41ST STREET Unit UNIT C, Philadelphia, PA 19104
Two-bedroom, two-bath residence features a rooftop deck and furnished interiors.
Property Size900 SF
Days on Market260
Property Features for 647 N 41ST STREET Unit UNIT C
General Information
Standard status
Active
Size
900 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Haverford North
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$553
Amenities
Bluetooth speaker system
fireplace
rooftop deck
Building Details
Building Size
900 SF
Year Built
2023
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Clay Shaffer · License #RS346414
(570) 847-9891
Source:
Patmckennarealtors
Added: Feb 14
Changed: Oct 31
Last Checked: Nov 1 at 1:05PM
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 Pennsylvania, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this furnished residential income property offers a two-bedroom, two-bath layout with contemporary interior finishes. The kitchen includes stainless steel appliances, quartz countertops, and custom cabinetry. Hardwood flooring, a tiled accent wall, a fireplace, and an integrated Bluetooth speaker system add distinctive details throughout the living space.
An expansive rooftop deck provides 360-degree city views. The property is located near University City in Philadelphia, and the lease requires a minimum term of 2 years.
An expansive rooftop deck provides 360-degree city views. The property is located near University City in Philadelphia, and the lease requires a minimum term of 2 years.
Key Highlights
- Two‑bedroom, two‑bath residential income property
- Built in 2023
- Fully furnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,157
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,140
$283.1K
Cap Rate 7%
$202,243
$202.2K
Cap Rate 9%
$157,300
$157.3K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.3K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.7K $28.60/SF
− OpEx
−$11.6K −$12.87/SF
NOI
$14.2K $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%
$283,140
Cap Rate 7%
$202,243
Cap Rate 9%
$157,300
Alternative Uses
Best Use
Apartment 5plus
$202.2K
$177.0K – $236.0K
NOI $14,157 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,358 @ 7.0% cap · market cap 5.14%
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
3,271
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence features a rooftop deck and furnished interiors.
Where is this residential income property located?
The property is located at 647 N 41ST STREET Unit UNIT C Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential income property; Built in 2023; Fully furnished
