Renovated Loft Residential Income
For Sale
$625,000
926 N 3RD STREET Unit 3C, Philadelphia, PA 19123
Private-entry condominium residence includes assigned parking, storage, and extensive interior and building improvements.
Property Size1,617 SF
Days on Market118
Property Features for 926 N 3RD STREET Unit 3C
General Information
Standard status
Active
Size
1,617 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Road Access
Yes
Amenities
private entrance
in-unit washer/dryer
storage
security camera monitoring system
Building Details
Building Size
1,617 SF
Year Built
2008
Listing Agency:
CG Realty, LLC
(215) 380-4596
Listed By:
Philip Breen · License #RS354734
(215) 380-4596
Source:
Patmckennarealtors
Added: Apr 9
Changed: Jul 31
Last Checked: Aug 3 at 10:43AM
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 CG Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property is a fully renovated loft-style condominium residence at 926 N 3RD STREET Unit: 3C in Philadelphia. The two-bedroom, two-bath home features 16-foot ceilings, oversized open living and dining areas, exposed ductwork, designer lighting, and wide-plank hardwood flooring. A newly installed chef’s kitchen includes custom cabinetry, quartz countertops, a statement island, and new oven, microwave, dishwasher, and exhaust hood. The primary suite offers a walk-in closet with built-in storage and a spa-inspired bathroom with a freestanding soaking tub and oversized glass shower. The second bedroom also includes a walk-in closet, and the second bathroom has been renovated with updated fixtures and tilework.
The home has a private entrance, assigned parking, and additional storage. Recent improvements include new flooring, washer and dryer, hot water heater, lighting fixtures, solid-core interior doors, trim, hardware, and renovated bathrooms. Building improvements include a new roof installed January, new garage door installed January, new entry door, and security camera monitoring for the lobby and garage. The rooftop deck was temporarily removed during roof replacement and is planned for reinstallation. The property was built in 2008.
The home has a private entrance, assigned parking, and additional storage. Recent improvements include new flooring, washer and dryer, hot water heater, lighting fixtures, solid-core interior doors, trim, hardware, and renovated bathrooms. Building improvements include a new roof installed January, new garage door installed January, new entry door, and security camera monitoring for the lobby and garage. The rooftop deck was temporarily removed during roof replacement and is planned for reinstallation. The property was built in 2008.
Key Highlights
- Fully renovated 2‑bedroom, 2‑bath loft residence with 16‑foot ceilings
- New chef’s kitchen with custom cabinetry, quartz countertops, statement island, and new appliances
- Private entrance, assigned parking space, and additional storage
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 | $49.1k | $30.36 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $46.2k | $28.60 |
| − OpEx | −$20.8k | −$12.87 |
| NOI | $25.4k | $15.73 |
1,617 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$363.4K
$317.9K – $423.9K
NOI $25,435 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$394.2K
$344.9K – $459.9K
NOI $27,594 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,401
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Private-entry condominium residence includes assigned parking, storage, and extensive interior and building improvements.
Where is this residential income property located?
The property is located at 926 N 3RD STREET Unit 3C Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully renovated 2‑bedroom, 2‑bath loft residence with 16‑foot ceilings; New chef’s kitchen with custom cabinetry, quartz countertops, statement island, and new appliances; Private entrance, assigned parking space, and additional storage
