Three-Bedroom Waterfront
For Sale
$985,000
717 S CHRIS COLUMBUS BOULEVARD Unit 901, Philadelphia, PA 19147
Corner residence with three-sided exposure, private decks, and views across the Delaware River and surrounding waterfront.
Property Size1,912 SF
Price / SF$492.50
Days on Market8
Property Features for 717 S CHRIS COLUMBUS BOULEVARD Unit 901
General Information
Standard status
Active
Size
1,912 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,661
Amenities
24/7 concierge
secured parking
clubroom
fitness center
heated indoor swimming pool
hot tub
private deck
storage units
Building Details
Building Size
1,912 SF
Year Built
1995
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Patrick M Conway · License #RS217990L
(215) 266-1537
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 4:43PM
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-Center City Walnut
Investment Insights
Based on property information with market context.
This 3-bedroom, 2.5-bath corner condominium at The Residence at Dockside has approximately 2,000 square feet of interior space, three storage units, and two side-by-side parking spaces. North and west exposures, with additional eastern views, bring natural light into the home. The open living and dining area connects to a kitchen with 42-inch cabinetry, granite counters, and GE Profile appliances. Private decks extend from the living area and two bedrooms; the primary suite also has an en-suite bath and a river-view deck. The residence was built in 1995.
Building amenities include a 24/7 concierge, secured owner and guest parking, a fitness center, an indoor heated pool, and a hot tub. Residents also have access to a clubroom with a 4,100-square-foot terrace and a daily private minibus service to Center City. The waterfront trail, parks, marinas, dining, and coffee spots are steps away, with access to major highways and bridges.
Building amenities include a 24/7 concierge, secured owner and guest parking, a fitness center, an indoor heated pool, and a hot tub. Residents also have access to a clubroom with a 4,100-square-foot terrace and a daily private minibus service to Center City. The waterfront trail, parks, marinas, dining, and coffee spots are steps away, with access to major highways and bridges.
Key Highlights
- 3 bedrooms and 2.5 bathrooms in approximately 2,000 square feet
- Three storage units and two side‑by‑side parking spaces
- Multiple private decks, including one off the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,459
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,180
$629.2K
Cap Rate 7%
$449,414
$449.4K
Cap Rate 9%
$349,544
$349.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$60.7K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$57.2K $28.60/SF
− OpEx
−$25.7K −$12.87/SF
NOI
$31.5K $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%
$629,180
Cap Rate 7%
$449,414
Cap Rate 9%
$349,544
Alternative Uses
Best Use
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,558
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with three-sided exposure, private decks, and views across the Delaware River and surrounding waterfront.
Where is this residential income property located?
The property is located at 717 S CHRIS COLUMBUS BOULEVARD Unit 901 Philadelphia, PA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 3 bedrooms and 2.5 bathrooms in approximately 2,000 square feet; Three storage units and two side‑by‑side parking spaces; Multiple private decks, including one off the primary suite
