Renovated Residential Income
For Sale
$249,900
815 ARCH STREET Unit 202, Philadelphia, PA 19107
Condominium residence with private laundry, exterior-vented kitchen exhaust, and access to Chinatown amenities.
Property Size607 SF
Days on Market46
Property Features for 815 ARCH STREET Unit 202
General Information
Standard status
Active
Size
607 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,451
Amenities
private washer and dryer
individual kitchen exhaust
Building Details
Building Size
607 SF
Year Built
2007
Listing Agency:
KW Empower
(215) 990-2089
Listed By:
Yun Jessica Li · License #AB069069
(215) 990-2089
Source:
Patmckennarealtors
Added: Jun 20
Changed: Aug 4
Last Checked: Aug 4 at 5:28AM
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 KW Empower
Investment Insights
Based on property information with market context.
Unit 202 is part of The Pearl Apartments, a condominium community with modern construction and recently renovated interiors. The residence features an individually vented kitchen exhaust system that routes directly outdoors, along with a private washer and dryer. These improvements support practical daily living within an efficient residential layout.
The property is located one block from Chinatown’s 10th Street corridor, placing restaurants, markets, and shops nearby. A neighborhood park is reachable within a 5-minute walk, while the PATCO High-Speed Line offers access to South Jersey. The building is adjacent to the Temple University School of Podiatric Medicine, a location detail that has supported housing demand from medical students and professionals, according to the property information.
The property is located one block from Chinatown’s 10th Street corridor, placing restaurants, markets, and shops nearby. A neighborhood park is reachable within a 5-minute walk, while the PATCO High-Speed Line offers access to South Jersey. The building is adjacent to the Temple University School of Podiatric Medicine, a location detail that has supported housing demand from medical students and professionals, according to the property information.
Key Highlights
- Condominium residence at The Pearl Apartments
- Recently renovated interior
- Private washer and dryer included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $30.36 |
| − Vacancy | −$1.1k | −$1.76 |
| EGI | $17.4k | $28.60 |
| − OpEx | −$7.8k | −$12.87 |
| NOI | $9.5k | $15.73 |
607 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$136.4K
$119.4K – $159.1K
NOI $9,548 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$148.0K
$129.5K – $172.6K
NOI $10,358 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16,990
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with private laundry, exterior-vented kitchen exhaust, and access to Chinatown amenities.
Where is this residential income property located?
The property is located at 815 ARCH STREET Unit 202 Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Condominium residence at The Pearl Apartments; Recently renovated interior; Private washer and dryer included
