Residential Income Property with
For Sale
$280,000
801 N 17TH STREET Unit 2, Philadelphia, PA 19130
Leased two-bedroom flat with upgraded finishes, private outdoor space, and a remaining tax abatement.
Property Size1,019 SF
Days on Market63
Property Features for 801 N 17TH STREET Unit 2
General Information
Standard status
Active
Size
1,019 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Francisville
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,146
Building Details
Building Size
1,019 SF
Year Built
1920
Listing Agency:
Realty Mark Cityscape
Listed By:
Kevin Gov · License #RS335824
(267) 939-0147
Source:
Patmckennarealtors
Added: Aug 31
Changed: Oct 31
Last Checked: Oct 30 at 9:48PM
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 Realty Mark Cityscape
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Investment Insights
Based on property information with market context.
This residential income property is a 2-bedroom, 2-bath flat with a private balcony and an open-concept interior. The kitchen includes an island, stainless steel appliances, quartz countertops, and a subway tile backsplash. Hardwood flooring and oversized windows serve the living and dining areas, while a full-size washer and dryer add convenience. Both bedrooms offer substantial closet space. The bathrooms feature Porcelanosa tile and fixtures, with the primary suite adding a private bath, oversized walk-in shower, and double vanities.
Built in 1920, the unit is currently leased and includes a remaining tax abatement. The property is positioned two blocks from Fairmount Ave and Broad Street, with restaurants, cafes, City Hall, and the Comcast Center nearby.
Built in 1920, the unit is currently leased and includes a remaining tax abatement. The property is positioned two blocks from Fairmount Ave and Broad Street, with restaurants, cafes, City Hall, and the Comcast Center nearby.
Key Highlights
- 2‑bedroom, 2‑bath flat with a private balcony
- Currently leased with a remaining tax abatement
- Open‑concept plan with island kitchen and upgraded stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,028
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,560
$320.6K
Cap Rate 7%
$228,971
$229.0K
Cap Rate 9%
$178,089
$178.1K
Market Conditions
NOI Build-Up for 1,019 SF
Gross rent
$30.9K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$29.1K $28.60/SF
− OpEx
−$13.1K −$12.87/SF
NOI
$16.0K $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%
$320,560
Cap Rate 7%
$228,971
Cap Rate 9%
$178,089
Alternative Uses
Best Use
Apartment 5plus
$229.0K
$200.4K – $267.1K
NOI $16,028 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$248.4K
$217.4K – $289.8K
NOI $17,389 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Leased two-bedroom flat with upgraded finishes, private outdoor space, and a remaining tax abatement.
Where is this residential income property located?
The property is located at 801 N 17TH STREET Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath flat with a private balcony; Currently leased with a remaining tax abatement; Open‑concept plan with island kitchen and upgraded stainless steel appliances
