Residential Income Property with River
For Sale
$999,900
901 N PENN STREET Unit R2101, Philadelphia, PA 19123
Residents have access to fitness facilities, a 25-meter pool, shuttle service, and on-site security.
Property Size2,192 SF
Price / SF$456.16
Days on Market142
Property Features for 901 N PENN STREET Unit R2101
General Information
Standard status
Active
Size
2,192 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,187
Amenities
24-hour manned guard gate
onsite parking
valet services
Grand House with European-Style Spa
State-of-the-Art Fitness Center
Riverfront Sundeck
Semi-Olympic Swimming Pool
Multi-Function community rooms
Landscaped Park
Dog Run
Putting Green
Walking/Jogging Trail
Shuttle Service
24-hour security with CCTV
Access-Controlled Entrance
Doorman
Concierge
Building Details
Building Size
2,192 SF
Year Built
2006
Listing Agency:
Realty Mark Cityscape
Listed By:
George J Cahill · License #RM044684
(215) 783-8731
Source:
Wagnerrealestate
Added: Jun 15
Changed: Nov 2
Last Checked: Nov 3 at 8:59AM
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 Realty Mark Cityscape
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Investment Insights
Based on property information with market context.
This 2,192-square-foot residence in Regatta Tower was built in 2006. Views of the Delaware River and Benjamin Franklin Bridge are visible from the living room and most bedrooms. The property is part of a 9.5-acre gated community with on-site parking and valet service.
Community amenities include a fitness center, European-style spa, 25-meter swimming pool, riverfront sundeck, and rooms for meetings and events. Outdoor features include a landscaped park, dog run, putting green, and walking and jogging trail. A shuttle serves Center City, while a manned guard gate, controlled entrance, CCTV, doorman, and concierge provide additional services.
The community is minutes from dining, shopping, entertainment, and sports complexes, with access to I-95, I-676, the Atlantic City Expressway, and Philadelphia International Airport.
Community amenities include a fitness center, European-style spa, 25-meter swimming pool, riverfront sundeck, and rooms for meetings and events. Outdoor features include a landscaped park, dog run, putting green, and walking and jogging trail. A shuttle serves Center City, while a manned guard gate, controlled entrance, CCTV, doorman, and concierge provide additional services.
The community is minutes from dining, shopping, entertainment, and sports complexes, with access to I-95, I-676, the Atlantic City Expressway, and Philadelphia International Airport.
Key Highlights
- 2,192‑square‑foot residence in Regatta Tower, built in 2006
- Delaware River and Ben Franklin Bridge views from the living room and most bedrooms
- Located within a 9.5‑acre gated waterfront community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,479
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,580
$689.6K
Cap Rate 7%
$492,557
$492.6K
Cap Rate 9%
$383,100
$383.1K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$66.5K $30.36/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$62.7K $28.60/SF
− OpEx
−$28.2K −$12.87/SF
NOI
$34.5K $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%
$689,580
Cap Rate 7%
$492,557
Cap Rate 9%
$383,100
Alternative Uses
Best Use
Apartment 5plus
$492.6K
$431.0K – $574.7K
NOI $34,479 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$534.4K
$467.6K – $623.4K
NOI $37,406 @ 7.0% cap · market cap 3.74%
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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Open Analytics
Lease Details
Yes
Highway access
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 - Residents have access to fitness facilities, a 25-meter pool, shuttle service, and on-site security.
Where is this residential income property located?
The property is located at 901 N PENN STREET Unit R2101 Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 2,192‑square‑foot residence in Regatta Tower, built in 2006; Delaware River and Ben Franklin Bridge views from the living room and most bedrooms; Located within a 9.5‑acre gated waterfront community
