Residential Income Property with River
For Sale
$279,000
901 N PENN STREET Unit P807, Philadelphia, PA 19123
One-bedroom, one-bath residence with an open layout, oversized windows, and a dedicated parking license.
Property Size831 SF
Days on Market12
Property Features for 901 N PENN STREET Unit P807
General Information
Standard status
Active
Size
831 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,877
Amenities
pool
hot tub
fitness center
sauna
steam room
massage rooms
community rooms
EV charging stations
green roof
parks
gardens
security system
concierge
24/7 guard and gate
Building Details
Building Size
831 SF
Year Built
2006
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(267) 247-2389
Listed By:
Stephanie H Gross · License #AB068305
(267) 247-2389
Source:
Patmckennarealtors
Added: Jul 24
Changed: Aug 4
Last Checked: Aug 4 at 5:35AM
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
Investment Insights
Based on property information with market context.
Residence P807 is a one-bedroom, one-bath home in Waterfront Square, completed in 2006. The open-concept living and dining area connects with a kitchen equipped with wood cabinetry, granite counters, a center island, stainless steel appliances, tiled backsplash, and pantry storage. Oversized windows bring natural light into the home and overlook the Delaware River, downriver views, green space, and landscaped waterfront grounds. The bedroom accommodates a king-size suite and includes an oversized closet, ceiling fan, and access to a custom walk-in storage room with built-in shelving. A bathroom with a granite vanity and Jacuzzi soaking tub joins a separate laundry closet with a full-size Bosch washer and dryer. One parking license is included.
Waterfront Square is a gated 9.5-acre riverfront community at 901 N Penn Street in Philadelphia. Amenities include 24/7 guard and gate service, concierge, a river deck, 25-meter heated lap pool, hot tub, fitness center, sauna, steam room, massage rooms, and community rooms. The property also features on-site management, a three-level garage, EV charging stations, closed-circuit television, and a green roof.
Waterfront Square is a gated 9.5-acre riverfront community at 901 N Penn Street in Philadelphia. Amenities include 24/7 guard and gate service, concierge, a river deck, 25-meter heated lap pool, hot tub, fitness center, sauna, steam room, massage rooms, and community rooms. The property also features on-site management, a three-level garage, EV charging stations, closed-circuit television, and a green roof.
Key Highlights
- One‑bedroom, one‑bath residence with Delaware River and downriver views
- Open kitchen with granite countertops, center island, stainless steel appliances, and pantry closet
- Custom walk‑in storage room with built‑in shelving
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $23.8k | $28.60 |
| − OpEx | −$10.7k | −$12.87 |
| NOI | $13.1k | $15.73 |
831 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$202.6K
$177.3K – $236.4K
NOI $14,181 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
$544,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom, one-bath residence with an open layout, oversized windows, and a dedicated parking license.
Where is this residential income property located?
The property is located at 901 N PENN STREET Unit P807 Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence with Delaware River and downriver views; Open kitchen with granite countertops, center island, stainless steel appliances, and pantry closet; Custom walk‑in storage room with built‑in shelving
