Residential Income Property with
New
For Sale
$310,000
901 N PENN STREET Unit F1607, Philadelphia, PA 19123
The one-bedroom residence includes a separate storage room and an assigned parking space.
Property Size856 SF
Days on Market5
Property Features for 901 N PENN STREET Unit F1607
General Information
Standard status
Active
Size
856 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,476
Amenities
private balcony
storage room
Building Details
Building Size
856 SF
Year Built
2009
Listing Agency:
KW Empower
Listed By:
Deborah Centofanti · License #RS-278640
(215) 630-9651
Source:
Patmckennarealtors
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 4 at 6:57PM
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 residence at Waterfront Square has one bedroom and 1.5 baths. Hardwood flooring, a private balcony, and expansive windows are among its interior features. The property also includes one parking space and a separate storage room.
Key Highlights
- One‑bedroom layout with 1.5 baths
- Private balcony and hardwood flooring throughout
- Dramatic walls of windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,464
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,280
$269.3K
Cap Rate 7%
$192,343
$192.3K
Cap Rate 9%
$149,600
$149.6K
Market Conditions
NOI Build-Up for 856 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%
$269,280
Cap Rate 7%
$192,343
Cap Rate 9%
$149,600
Alternative Uses
Best Use
Apartment 5plus
$192.3K
$168.3K – $224.4K
NOI $13,464 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$208.7K
$182.6K – $243.5K
NOI $14,608 @ 7.0% cap · market cap 4.71%
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 one-bedroom residence includes a separate storage room and an assigned parking space.
Where is this residential income property located?
The property is located at 901 N PENN STREET Unit F1607 Philadelphia, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: One‑bedroom layout with 1.5 baths; Private balcony and hardwood flooring throughout; Dramatic walls of windows
