Residential Income Property with River
For Sale
$395,000
901 N PENN STREET Unit F808, Philadelphia, PA 19123
The one-bedroom residence includes a separate den, two full bathrooms, and a private balcony.
Property Size1,017 SF
Days on Market24
Property Features for 901 N PENN STREET Unit F808
General Information
Standard status
Active
Size
1,017 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Units
Unit Mix
1 x 1BR+den/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,102
Amenities
24-hour security concierge
fitness center
indoor swimming pool
landscaped grounds
waterfront walking paths
Building Details
Building Size
1,017 SF
Year Built
2009
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Andy Oei · License #RS302287
(215) 695-5042
Source:
Patmckennarealtors
Added: Oct 9
Changed: Oct 31
Last Checked: Oct 30 at 9:01PM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
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Investment Insights
Based on property information with market context.
This 2009 residence at Waterfront Square has one bedroom plus a den and two bathrooms. The open living and dining areas have hardwood floors and floor-to-ceiling windows, with a private balcony overlooking the Delaware River and landscaped grounds. The kitchen includes stainless steel appliances, granite countertops, a breakfast bar, and cabinetry. The primary bedroom has an ensuite bathroom with a double vanity and soaking tub; the second bathroom includes a glass-enclosed shower.
Building amenities include a 24-hour security concierge, fitness center, indoor swimming pool, landscaped grounds, and waterfront walking paths. The property is near Northern Liberties, Fishtown, and Center City, with access to I-95 and other major highways.
Building amenities include a 24-hour security concierge, fitness center, indoor swimming pool, landscaped grounds, and waterfront walking paths. The property is near Northern Liberties, Fishtown, and Center City, with access to I-95 and other major highways.
Key Highlights
- One bedroom plus a den and two bathrooms
- Private balcony with views of the Delaware River and landscaped grounds
- Floor‑to‑ceiling windows and hardwood flooring in the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,997
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,940
$319.9K
Cap Rate 7%
$228,529
$228.5K
Cap Rate 9%
$177,744
$177.7K
Market Conditions
NOI Build-Up for 1,017 SF
Gross rent
$30.9K $30.36/SF
− Vacancy
−$1.8K −$1.76/SF
EGI
$29.1K $28.60/SF
− OpEx
−$13.1K −$12.87/SF
NOI
$16.0K $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%
$319,940
Cap Rate 7%
$228,529
Cap Rate 9%
$177,744
Alternative Uses
Best Use
Apartment 5plus
$228.5K
$200.0K – $266.6K
NOI $15,997 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,980
Businesses Nearby
Explore this area
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 den, two full bathrooms, and a private balcony.
Where is this residential income property located?
The property is located at 901 N PENN STREET Unit F808 Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: One bedroom plus a den and two bathrooms; Private balcony with views of the Delaware River and landscaped grounds; Floor‑to‑ceiling windows and hardwood flooring in the living and dining areas
