401 Race Street, Philadelphia, PA 19106

Center City East, Center City, Philadelphia
Building in Center City East
4 Stories
Built in 2017
401 Race St - Photo 1
401 Race St, Apt H
Center City East, Center City, Philadelphia
$1,799
|
Studio
|
1 Bath
By RH Advisors Bright
401 Race St - Photo 1
401 Race St, Apt 427
Center City East, Center City, Philadelphia
$1,999
|
1 Bed
|
1 Bath
By RH Advisors Bright
Welcome to 401 Race Street, a building located in Center City East, Center City, Philadelphia in Philadelphia, PA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2017. There are a total of 4 floors. Finally, 401 Race Street was most recently sold on Aug 31, 2015 for $6,000,000. The market value for the land that the building sits on has been listed at $3,880,000. In addition, improvements upon the building have an added value of $34,920,000. In total, the total market value of the property as a whole is $38,800,000. According to local assessors, the total value of the building is currently valued at $38,800,000. Specifically, the value of the land that the property sits on has been assessed at $3,880,000. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2017
Effective Year Built
2017
Building Count
1
Bedroom Count
0
Building Condition
Excellent
Building Quality
unknown
Construction Type
Masonry
Building Style
unknown
Exterior Walls Type
Brick
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
4
Living Units
274
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
FRANKLIN CONDOMINIUM
Land Acres
1.646
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
State Land Use Code
unknown
Legal Description 1
NEC FOURTH ST
Ownership
Current Owner
PRCP PHILADELPHIA INVESTMENT LLC
Current Owner's Name
INVESTM PRCP-PHILADELPHIA
Current Owner 2
CP 287 PHILADELPHIA LLC
Previous Owner
401 RACE STREET PARTNERS L P
Previous Owner's Name
FRANKLI FIRST LP
Mailing Opt Out
T
Owner Address - City
WEST PALM BEACH
Owner Address - State
FL
Owner Address - ZIP Code
33401
Owner First Name
PRCP-PHILADELPHIA
Owner Last Name
INVESTM
Owner Before Previous Owner
401 RACE STREET PARTNERS LP
Ownership Rights Codes
Company/Corporation
Neighborhood
School District Name
Philadelphia City School District
School Tax School District
PHILADELPHIA SD
Census Tract
000102
Census Block Code
5002
Census Group
5
Census Year
2020
Census - Combined Statistical Area - Area Code
428
Census - Combined Statistical Area - Area Name
Philadelphia-Reading-Camden, PA-NJ-DE-MD
Census - County FIPS
42101
Census - Full FIPS
421010001025002
Census - Metropolitan Division - Area Code
37964
Census - Metropolitan Division - Area Name
Philadelphia, PA
Census - Metro Micro Statistical Area - Area Code
37980
Census - Metro Micro Statistical Area - Area Name
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
4260000
Census Source
US Census Bureau
Census State FIPS
42
Census Tract Code
000102
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
4218990
School District - Unified - Name
Philadelphia City School District
Zoning
Zoning
CMX3
Geography
Assessors Map Reference
002N060289
Account Number
007362
District
WARD #05
Parcel
88-1007362
Lot Code
unknown
Latitude
39.9546
Longitude
-75.1472
FIPS
42101
Mailing Carrier Code
C042
Mailing Full Street Address
525 OKEECHOBEE BLVD # 1
Mailing House Number
525
Mailing Street Mode
BLVD
Mailing Street
OKEECHOBEE
Mailing Unit Number
1
Mailing Unit Type
#
Mailing 4-Digit Zip Code
6349
Old APN
002N060289
Geo Status Code
unknown
Valuation
Timestamp
2024-01-22 22:48:00
UCID Flag
C
More About The Building
In total, the building area is listed as 243,807 square feet. The depth of the property lot was measured at 1,870 square feet and the front at 3,830 square feet. The building itself has 243,807 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 401 Race Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Center City East area have a median price of $1,925. Those in the 25th percentile, have a price around $1,635. While those in the 75th percentile, have a price around $2,485. Typically, the buildings in this area have a median sqft of 750. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently a total of 56 studio listings. The median price for these types of listings is $1,340. That's $2.77 price per sqft.

  • There are currently a total of 128 one bedroom listings. The median price for these types of listings is $1,880. That's $2.79 price per sqft.

  • There are currently a total of 71 two bedroom listings. The median price for these types of listings is $2,575. That's $2.55 price per sqft.

  • There are currently a total of 11 three bedroom listings. The median price for these types of listings is $6,900. That's $2.88 price per sqft.

  • There are currently a total of 3 four bedroom listings. The median price for these types of listings is $3,800. That's $1.74 price per sqft.
About The Area
401 Race Street is located in 19106. There are 12,095 people living here. There are 6,260 households. Most of these households have an average family size of 2.46 people. According to the census, 54% are currently renting while 46% own their homes. The median age of this population is around 35.8 years old. On average, most folks in the zipcode are unmarried. About 13% of folks speak a language other than English in this area. The area's employment rate is currently around 63.7%. Speaking of employment, the median income is $101,138. Most folks will commute by car for around 26.2 minutes. Finally, we know that 10% of residents in the area have graduated with their high school degree. Additionally, 37% and 40% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Philadelphia County, Pennsylvania has a population of 1,559,938 people. Based on census records, there are 582,594 registered households. Families in this area are on average made up of 3.58 people per household. Most folks are unmarried. They are also typically around 33.9 years old. Does diversity matter to you? Right now, 22% of folks speak a language other than English here. About 48% rent while 52% purchased their homes. Right now, the community is made up of 34% of residents who have graduated with at least a high school degree. On top of that, 15% have a Bachelor's degree and 11% have a Master's degree. The employment rate is currently around 52.3%. Those employed, have a median income of $39,770. If you move here, you can expect to commute mostly by car for around 32.7 minutes.

Finally, let's take a look at the stats related to Philadelphia, PA - NJ - DE - MD Urban Area. The urban area is home to 5,512,461 people. A total of 2,044,033 households are registered here. With average family sizes being listed at 3.31 people. About 30% of residents have graduated with a high school degree. Of the rest, 21% have their Bachelor's and 15% have their Master's degree. Folks speaking a language other than English, make up about 16% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 29.1 minutes. Speaking of your commute, 59.5% of people in this area are employed. The recorded median income is currently at $62,593 per year. The median population age has been listed at 38 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 34% of the population while homeowners are at about 66% of the population.
$1,340
Studio Median Rent
$1,880
1BR Median Rent
$2,575
2BR Median Rent
$6,900
3BR Median Rent
PUBLIC TRANSIT
57
4th St & Race St (Under 500 ft - 3 min walk)
SEPTA
57
4th St & Vine St (620 ft - 3 min walk)
SEPTA
5
57
3rd St & Race St (710 ft - 3 min walk)
SEPTA
57
4th St & Arch St (770 ft - 3 min walk)
SEPTA
48
Arch St & 4th St - FS (790 ft - 3 min walk)
SEPTA

Nearby Schools

(within attendance boundary)
McCall Gen George A Sch  •  0.76 mi
325 S 7th St, Philadelphia, PA 19106
Public  •  Elementary  •  Grades KG to 8
Philadelphia City School District
3509 Spring Garden St, Philadelphia, PA 19104
Public  •  Middle School  •  Grades 5 to 7
Philadelphia City School District
Franklin Benjamin HS  •  0.95 mi
550 N Broad St, Philadelphia, PA 19130
Public  •  High School  •  Grades 9 to 12
Philadelphia City School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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