Residential Income Property with River
For Sale
$639,900
717 S CHRIS COLUMBUS BOULEVARD Unit 615, Philadelphia, PA 19147
The two-bedroom residence includes a patio deck, updated kitchen appliances, and access to shared recreational amenities.
Property Size1,293 SF
Price / SF$494.90
Days on Market16
Property Features for 717 S CHRIS COLUMBUS BOULEVARD Unit 615
General Information
Standard status
Active
Size
1,293 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Bella Vista
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,748
Amenities
indoor swimming pool
hot tub
fitness center
billiard room
game room
clubhouse
24-hour security
concierge services
patio deck
Building Details
Building Size
1,293 SF
Year Built
1995
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Tanita-Marie Leftridge-Davis · License #RS278120
(267) 625-5834
Source:
Patmckennarealtors
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 28 at 2:11PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom residential unit offers 1,293 square feet of living space, an open-concept layout, and a patio deck with Delaware River views. The kitchen is equipped with VIKING stainless steel appliances, a self-cleaning gas oven/range, and a French door refrigerator with an icemaker. The residence also features carpeting, ceramic tile flooring, large windows, and ample bedroom closet space. Built in 1995, the unit is located at The Residences at Dockside in Philadelphia.
Shared building amenities include an indoor swimming pool, hot tub, fitness center, billiard room, game room, clubhouse, concierge services, 24-hour security, and reserved parking. Bus and metro/subway service are nearby.
Shared building amenities include an indoor swimming pool, hot tub, fitness center, billiard room, game room, clubhouse, concierge services, 24-hour security, and reserved parking. Bus and metro/subway service are nearby.
Key Highlights
- Two bedrooms and two bathrooms across 1,293 square feet
- Patio deck with Delaware River views
- VIKING stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,338
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,760
$406.8K
Cap Rate 7%
$290,543
$290.5K
Cap Rate 9%
$225,978
$226.0K
Market Conditions
NOI Build-Up for 1,293 SF
Gross rent
$39.3K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.0K $28.60/SF
− OpEx
−$16.6K −$12.87/SF
NOI
$20.3K $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%
$406,760
Cap Rate 7%
$290,543
Cap Rate 9%
$225,978
Alternative Uses
Best Use
Apartment 5plus
$290.5K
$254.2K – $339.0K
NOI $20,338 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$315.2K
$275.8K – $367.8K
NOI $22,065 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,558
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence includes a patio deck, updated kitchen appliances, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 717 S CHRIS COLUMBUS BOULEVARD Unit 615 Philadelphia, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,293 square feet; Patio deck with Delaware River views; VIKING stainless steel kitchen appliances
