Residential Income Property with Private
717 S COLUMBUS BOULEVARD Unit 901, Philadelphia, PA 19147
For Sale
$985,000
Three bedrooms, private outdoor decks, and extensive building amenities define this condominium with Delaware River views.
Property Size1,912 SF
Price / SF$492.50
Days on Market38
Property Features for 717 S COLUMBUS BOULEVARD Unit 901
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24/7 concierge
award-winning world-class clubroom
state of the art fitness center
heated indoor swimming pool
hot tub
private minibus
Building Details
Building Size
Year Built
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Patrick M Conway · License PA RS217990L
(215) 266-1537
Source:
Patmckennarealtors
Added: Oct 9
Changed: Nov 13
Last Checked: Nov 14 at 1:46PM
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
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Investment Insights
Based on property information with market context.
This three-bedroom condominium at Dockside offers approximately 2,000 square feet of interior space, two-and-a-half bathrooms, three storage units, and two side-by-side parking spaces. North and west exposures, with eastern views as well, bring natural light into the residence. The open living and dining area has wide-plank hardwood floors and extensive glazing. The kitchen features 42-inch cabinetry, Level Five granite countertops, built-ins, and GE Profile appliances. Private decks connect to the living room and kitchen, the second bedroom, and the primary suite. The primary bathroom has a double vanity and glass shower; the hall bath includes a soaking tub and walk-in shower. The second bedroom has built-ins and a Murphy bed.
Building amenities include a 24/7 concierge, secured owner and guest parking, a fitness center, a heated indoor pool, and a hot tub. Residents also have access to a clubroom and a 4,100-square-foot terrace. A private minibus runs daily to and from Center City. Nearby features include a waterfront trail, parks, marinas, and dining and coffee options in Queen Village; major highways and bridges are accessible.
Building amenities include a 24/7 concierge, secured owner and guest parking, a fitness center, a heated indoor pool, and a hot tub. Residents also have access to a clubroom and a 4,100-square-foot terrace. A private minibus runs daily to and from Center City. Nearby features include a waterfront trail, parks, marinas, and dining and coffee options in Queen Village; major highways and bridges are accessible.
Key Highlights
- Three‑bedroom condominium with approximately 2,000 square feet of interior space
- Two‑and‑a‑half bathrooms, three storage units, and two side‑by‑side parking spaces
- Private decks off the living area, second bedroom, and 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.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,239
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
$524,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, private outdoor decks, and extensive building amenities define this condominium with Delaware River views.
Where is this residential income property located?
The property is located at 717 S 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: Three‑bedroom condominium with approximately 2,000 square feet of interior space; Two‑and‑a‑half bathrooms, three storage units, and two side‑by‑side parking spaces; Private decks off the living area, second bedroom, and primary suite
