Managed Residential
For Sale
$379,000
815 ARCH STREET Unit 517, Philadelphia, PA 19107
The two-bedroom, two-bath layout includes in-unit laundry and zoned heating and cooling.
Property Size910 SF
Price / SF$416.48
Days on Market118
Property Features for 815 ARCH STREET Unit 517
General Information
Standard status
Active
Size
910 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,788
Amenities
secure entry
on-site property management
in-unit washer and dryer
on-site parking
Building Details
Building Size
910 SF
Year Built
2007
Listing Agency:
HK99 Realty LLC
Listed By:
Kelly X Huang · License #RM421252
(215) 582-5888
Source:
Desantis-realestate
Added: Jul 6
Changed: Oct 27
Last Checked: Oct 31 at 4:31PM
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 HK99 Realty LLC
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Investment Insights
Based on property information with market context.
This 910-square-foot condominium contains two bedrooms and two full bathrooms. Hardwood floors extend through the living room and bedrooms, while the kitchen and bathrooms have ceramic tile. The primary suite has its own bathroom and closet space. Zoned heating and cooling, natural-light-filled windows, and an in-unit washer and dryer are also included. The 2007 building has secure entry, on-site property management, and parking available for an additional fee.
The property is in Philadelphia’s Chinatown, with Thomas Jefferson, Hahnemann, and Penn among the nearby hospitals. Reading Terminal Market, Franklin Square, shops, restaurants, cafes, and entertainment venues are also in the surrounding area, and public transportation is accessible. The condo fee covers water, common-area maintenance, trash, and snow removal.
The property is in Philadelphia’s Chinatown, with Thomas Jefferson, Hahnemann, and Penn among the nearby hospitals. Reading Terminal Market, Franklin Square, shops, restaurants, cafes, and entertainment venues are also in the surrounding area, and public transportation is accessible. The condo fee covers water, common-area maintenance, trash, and snow removal.
Key Highlights
- 910‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- 2007 building with secure entry and on‑site property management
- In‑unit washer and dryer; zoned heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,314
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,280
$286.3K
Cap Rate 7%
$204,486
$204.5K
Cap Rate 9%
$159,044
$159.0K
Market Conditions
NOI Build-Up for 910 SF
Gross rent
$27.6K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$26.0K $28.60/SF
− OpEx
−$11.7K −$12.87/SF
NOI
$14.3K $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%
$286,280
Cap Rate 7%
$204,486
Cap Rate 9%
$159,044
Alternative Uses
Best Use
Apartment 5plus
$204.5K
$178.9K – $238.6K
NOI $14,314 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$221.8K
$194.1K – $258.8K
NOI $15,529 @ 7.0% cap · market cap 4.10%
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 - The two-bedroom, two-bath layout includes in-unit laundry and zoned heating and cooling.
Where is this residential income property located?
The property is located at 815 ARCH STREET Unit 517 Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 910‑square‑foot condominium with 2 bedrooms and 2 bathrooms; 2007 building with secure entry and on‑site property management; In‑unit washer and dryer; zoned heating and cooling
