Residential Income Unit with Private
For Sale
$249,900
815 ARCH STREET Unit 202, Philadelphia, PA 19107
Private laundry and exterior-vented kitchen exhaust support practical everyday living.
Property Size607 SF
Price / SF$411.70
Days on Market134
Property Features for 815 ARCH STREET Unit 202
General Information
Standard status
Active
Size
607 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,451
Amenities
washer/dryer in unit
individual kitchen exhaust
Building Details
Building Size
607 SF
Year Built
2007
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jun 20
Changed: Oct 30
Last Checked: Oct 31 at 1:43PM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 202 is a 607-square-foot residence in The Pearl, a condominium building in Philadelphia’s Chinatown. The interior has been renovated, and the kitchen exhaust system vents directly outdoors. A private washer and dryer are included in the unit.
The property is one block from Chinatown’s 10th Street corridor, with restaurants, markets, and shops nearby. A neighborhood park is a 5-minute walk away, and the PATCO High-Speed Line provides access to South Jersey. The building is adjacent to Temple University School of Podiatric Medicine, with medical students and professionals identified as sources of housing demand in the area.
The property is one block from Chinatown’s 10th Street corridor, with restaurants, markets, and shops nearby. A neighborhood park is a 5-minute walk away, and the PATCO High-Speed Line provides access to South Jersey. The building is adjacent to Temple University School of Podiatric Medicine, with medical students and professionals identified as sources of housing demand in the area.
Key Highlights
- 607‑square‑foot residence in The Pearl condominium building
- Renovated interior with private washer and dryer
- Kitchen exhaust vents directly to the exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,548
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,960
$191.0K
Cap Rate 7%
$136,400
$136.4K
Cap Rate 9%
$106,089
$106.1K
Market Conditions
NOI Build-Up for 607 SF
Gross rent
$18.4K $30.36/SF
− Vacancy
−$1.1K −$1.76/SF
EGI
$17.4K $28.60/SF
− OpEx
−$7.8K −$12.87/SF
NOI
$9.5K $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%
$190,960
Cap Rate 7%
$136,400
Cap Rate 9%
$106,089
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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - Private laundry and exterior-vented kitchen exhaust support practical everyday living.
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: 607‑square‑foot residence in The Pearl condominium building; Renovated interior with private washer and dryer; Kitchen exhaust vents directly to the exterior
