Renovated Residential Income
For Sale
$339,900
815 ARCH STREET Unit 208, Philadelphia, PA 19107
Condominium residence with private laundry, exterior-vented kitchen exhaust, and access to Chinatown amenities.
Property Size857 SF
Days on Market194
Property Features for 815 ARCH STREET Unit 208
General Information
Standard status
Active
Size
857 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
$4,504
Amenities
private washer and dryer
individual kitchen exhaust
Building Details
Building Size
857 SF
Year Built
2007
Listing Agency:
Premium Realty Castor Inc
Listed By:
Jinsong Liu · License #RS370771
(267) 575-1371
Source:
Patmckennarealtors
Added: Apr 22
Changed: Oct 31
Last Checked: Nov 1 at 12:17PM
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 Premium Realty Castor Inc
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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 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
Estimated NOI and Cap Rate
NOI / Yr
$13,480
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,600
$269.6K
Cap Rate 7%
$192,571
$192.6K
Cap Rate 9%
$149,778
$149.8K
Market Conditions
NOI Build-Up for 857 SF
Gross rent
$26.0K $30.36/SF
− Vacancy
−$1.5K −$1.76/SF
EGI
$24.5K $28.60/SF
− OpEx
−$11.0K −$12.87/SF
NOI
$13.5K $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%
$269,600
Cap Rate 7%
$192,571
Cap Rate 9%
$149,778
Alternative Uses
Best Use
Apartment 5plus
$192.6K
$168.5K – $224.7K
NOI $13,480 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$208.9K
$182.8K – $243.8K
NOI $14,625 @ 7.0% cap · market cap 4.30%
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 - 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 208 Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Condominium residence at The Pearl Apartments; Recently renovated interior; Private washer and dryer included
