1324-00 LOCUST ST #1422 Philadelphia, PA 19107 Active

UPDATED: 12/12/2025 03:40 PM ON MARKET: 126 days on market

$100,000

1 Bath319 SqFt

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 319 sqft

Price per Sqft $313

Subdivision Center City

MLS Listing ID PAPH2541758

Style Other

Full Baths 1

Condo Fees $520/mo

HOA Y/N N

Abv Grd Liv Area 319

Year Built 1900

Annual Tax Amount $1,287

Tax Year 2025

Lot Dimensions 0.00 x 0.00

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

Investment Opportunity – 1324 Locust St #1422 | The Arts Condominium | Center City Philadelphia

Add a turnkey, low-maintenance asset to your portfolio in the beautifully renovated Arts Condominium, ideally positioned on Philadelphia's iconic Avenue of the Arts. This well-maintained studio condo offers strong rental appeal for medical, university, and Center City professionals seeking convenience, security, and all-in living.

Current income profile: the unit is newly occupied with rent at $980/month + $120 utilities = $1,100/month total collected.

Investors will appreciate one of the building's biggest value drivers: the monthly condo fee includes all utilities and core services, covering electric, gas, water, sewer, heat, A/C, DirectTV, trash removal, pest control, fitness center access, and common area maintenance—simplifying monthly budgeting and enhancing tenant retention.

Inside, the unit features high ceilings, abundant natural light, and sweeping skyline and river views, a combination that consistently performs well in the rental market.

Full-service building amenities support long-term desirability and hands-off ownership, including a newly remodeled Art Deco grand lobby, 24-hour concierge, controlled access, fitness center, laundry facilities, new elevators, and professional on-site management.

Location is the demand engine. The condo sits steps from major employment and education hubs including Jefferson Hospital, Pennsylvania Hospital, Thomas Jefferson University, and the city's arts and entertainment anchors like the Kimmel Center, Merriam Theater, and the Academy of Music, plus quick access to Rittenhouse Square, dining, shopping, and multiple public transit options.

Whether you're targeting stable occupancy, a Center City rental, or a plug-and-play holding, Unit #1422 offers an efficient path to owning in one of Philadelphia's most recognizable buildings. Schedule a private showing today.