Corner Residential Income
For Sale
$550,000
901 N PENN STREET Unit F1105, Philadelphia, PA 19123
The residence includes access to a pool, spa, fitness center, river deck, and dog parks.
Property Size1,558 SF
Price / SF$354.84
Days on Market19
Property Features for 901 N PENN STREET Unit F1105
General Information
Standard status
Active
Size
1,558 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
does need updating
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,702
Amenities
pool
spa
fitness center
river deck
dog parks
shuttle bus
gated community
Building Details
Building Size
1,558 SF
Year Built
2009
Listing Agency:
KW Empower
Listed By:
Deborah Centofanti · License #RS-278640
(215) 630-9651
Source:
Patmckennarealtors
Added: Oct 6
Changed: Oct 21
Last Checked: Oct 23 at 1:39PM
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
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Investment Insights
Based on property information with market context.
This 2009 corner residence has two bedrooms, 2.5 bathrooms, and 10-foot ceilings. It needs updating, giving the next owner the option to refresh the interiors. One parking license is included.
The gated community offers views of the Philadelphia skyline and Ben Franklin Bridge. Amenities include a pool, spa, fitness center, river deck, and dog parks. A shuttle runs to Center City on weekdays, and cafes and restaurants are available in Northern Liberties.
The gated community offers views of the Philadelphia skyline and Ben Franklin Bridge. Amenities include a pool, spa, fitness center, river deck, and dog parks. A shuttle runs to Center City on weekdays, and cafes and restaurants are available in Northern Liberties.
Key Highlights
- Two bedrooms and 2.5 bathrooms
- Southwest corner layout with Philadelphia skyline and Ben Franklin Bridge views
- 10‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,381
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,620
$487.6K
Cap Rate 7%
$348,300
$348.3K
Cap Rate 9%
$270,900
$270.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$47.1K $30.36/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$44.3K $28.60/SF
− OpEx
−$19.9K −$12.87/SF
NOI
$24.4K $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%
$487,620
Cap Rate 7%
$348,300
Cap Rate 9%
$270,900
Alternative Uses
Best Use
Apartment 5plus
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 4.81%
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
2,980
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes access to a pool, spa, fitness center, river deck, and dog parks.
Where is this residential income property located?
The property is located at 901 N PENN STREET Unit F1105 Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms; Southwest corner layout with Philadelphia skyline and Ben Franklin Bridge views; 10‑foot ceilings
