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 Market245
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
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: Aug 30
Last Checked: Sep 8 at 10:18AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,053
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
17,142
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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
