600 RIVER DR
About This Property
As you approach the home, the front porch welcomes you with a cozy sitting area. Step inside through the front door that is made of repurposed wood from the original roof, complete with period iron hardware, into a bright and airy center hall. To the right, the living room features one of four fireplaces, a working wood stove insert, elegant moldings, window cornice boxes, and hardwood floors. The formal dining room on the left showcases another fireplace with a terracotta hearth, intricate moldings, and a window seat, flowing seamlessly into a beautifully updated kitchen that maintains the home's historic charm. Highlights include cream cabinetry, a dual-drawer Fisher & Paykel dishwasher, engineered quartz countertops, a farmhouse sink, a center island, tumbled stone subway tile backsplash, and a stainless steel 5-burner gas stove set on herringbone-patterned brick flooring.
The family room, part of the original 1746 structure, retains its historic warmth with oak flooring, built-in cabinetry, and a rear staircase. The oversized laundry/mudroom offers built-in storage, a folding station, and a half bath.
On the second floor, the master bedroom continues with elegant moldings, along with a spacious sitting/dressing area, walk-in closet, and a quaint master bath with cobalt blue tiles. The second bedroom, large in size, features the third fireplace and built-ins. The hall bath offers stunning views of the river. The third floor houses two additional bedrooms, one with the fourth fireplace.
The cellar reveals three unique fireplace foundation arches, with local lore suggesting the presence of a sealed tunnel from the Underground Railroad.
The rear of the home features a sunroom leading to a spacious 18x20 ft patio constructed with reclaimed brick from Philadelphia. The property also includes a Carriage House with a newer roof, wood stove, half bath, 26x12 ft workshop, 34x20 ft storage area with loft, two-car garage, and two-car carport-offering endless possibilities for use as a boathouse or additional living space. Adjacent to the Carriage House is the Spring House, still in use for watering the gardens. Both structures display expert stone masonry with quartz, granite, and ironstone.
This historic home blends modern amenities such as central air, gas heat, updated electrical and solar panels, while maintaining its rich heritage. Located just minutes from Center City Philadelphia, this property is a rare opportunity to own a piece of history with unmatched charm and character.
New shutters (pictured) will be left for new owners. Due to multiple offers, sellers are calling for a Best and Final by Friday at 12:00pm. Please submit all offers by then.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017