Full-Floor Residential Income
For Sale
$1,595,000
725 CHESTNUT STREET Unit 2, Philadelphia, PA 19106
Single-level condominium residence with private elevator entry, three ensuite bedrooms, and a separate powder room.
Property Size3,600 SF
Price / SF$455.71
Days on Market297
Property Features for 725 CHESTNUT STREET Unit 2
General Information
Standard status
Active
Size
3,600 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$805
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,061
Amenities
private elevator access
intercom system
shared storage
in-building laundry
Building Details
Building Size
3,600 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Reid J Rosenthal · License #RS226037L
(215) 546-0550
Source:
Patmckennarealtors
Added: Jan 7
Changed: Oct 31
Last Checked: Oct 31 at 12:13AM
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 full-floor condominium residence occupies more than 3,500 square feet on one level at 725 Chestnut Street, Unit 2. Private elevator access opens directly into the home, which features an open layout, LED lighting, wide-plank flooring, and ceiling heights above nine feet. The kitchen includes Wolf and Sub-Zero appliances, Grohe and Kohler fixtures, and substantial storage. Three bedrooms have ensuite bathrooms, with an additional powder room for guests.
Building amenities include fingerprint-controlled elevator access, an intercom system, shared storage, and in-building laundry. The residence is approximately 0.2 miles from Washington Square and near Center City dining, galleries, theaters, historic destinations, the Avenue of the Arts corridor, 30th Street Station, and Interstate 95. The seller is offering two years of prepaid parking at a nearby lot or garage.
Building amenities include fingerprint-controlled elevator access, an intercom system, shared storage, and in-building laundry. The residence is approximately 0.2 miles from Washington Square and near Center City dining, galleries, theaters, historic destinations, the Avenue of the Arts corridor, 30th Street Station, and Interstate 95. The seller is offering two years of prepaid parking at a nearby lot or garage.
Key Highlights
- Full‑floor condominium residence with 3,500+ square feet on a single level
- Private elevator access with fingerprint entry directly into the residence
- Three bedrooms, each with an ensuite bath, plus a separate powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,053
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,060
$1.1M
Cap Rate 7%
$786,471
$786.5K
Cap Rate 9%
$611,700
$611.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$106.3K $30.36/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$100.1K $28.60/SF
− OpEx
−$45.0K −$12.87/SF
NOI
$55.1K $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%
$1,101,060
Cap Rate 7%
$786,471
Cap Rate 9%
$611,700
Alternative Uses
Best Use
Apartment 5plus
$786.5K
$688.2K – $917.6K
NOI $55,053 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 3.74%
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
17,142
Businesses Nearby
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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 - Single-level condominium residence with private elevator entry, three ensuite bedrooms, and a separate powder room.
Where is this residential income property located?
The property is located at 725 CHESTNUT STREET Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Full‑floor condominium residence with 3,500+ square feet on a single level; Private elevator access with fingerprint entry directly into the residence; Three bedrooms, each with an ensuite bath, plus a separate powder room
