What $500K Will Buy You in Rittenhouse

The options aren’t very spacious, but they do have great updates and amenities.

130 S. 18th St. Unit 606, Philadelphia, Pa. 19103 | TREND image via Coldwell Banker Preferred

130 S. 18th St. Unit 606, Philadelphia, Pa. 19103 | TREND image via Coldwell Banker Preferred

It’s no secret that Rittenhouse is one of Philadelphia’s most prestigious neighborhoods. So when we went searching for Rittenhouse properties currently on the market that fall somewhere near the $500,000 range, we weren’t exactly sure what we’d find. Would this budget be enough to live comfortably?

Here’s what we found: while there are several nice options in the neighborhood that are on budget, most of these options are small (and not necessarily suitable for growing families). However, if you don’t need much space to live happily and only plan to live with one or two other people, these options could work and do come with some nice amenities – not to mention their close proximity to just about anywhere in Center City.  We’ll let you be the judge, though. Take a look at what we found below.

130 S. 18th St. Unit 606 (above) | Studio, 1 full bath, 602 square feet, $475,000

We get it, studio apartments aren’t for everyone. However, if you don’t mind living in an exquisitely small space, this condo may be perfect for you. Situated inside a desirable Rittenhouse Square apartment building, it has an open floor plan and multiple massive windows that fill the space with plenty of natural light. Finishes throughout the residence include hardwood floors, a Carrara marble bathroom, a gourmet kitchen with stainless steel appliances, wood cabinetry, storage space, and a closeted washer and dryer. Building amenities include 24-hour concierge, a modern fitness center, a 50-foot saline swimming pool, a sauna, a yoga studio, a garden terrace, and more. This building is pet-friendly as well, so you and your companion can live comfortably in this cozy space.

130 S. 18th St. Unit 606, Philadelphia, Pa. 19103 [Jamie “Jamie Smith” Raphael | Coldwell Banker Preferred]

1420 Locust St. Unit 7N, Philadelphia, Pa. 19103 | TREND image via Keller Williams Realty

1420 Locust St. Unit 7N | 2 beds, 2 full baths, 1,111 square feet, $475,000

A short distance from Rittenhouse Square, this newly renovated condo is one of many nestled inside the Academy House building. Features of the home include hardwood floors, a sizable kitchen and breakfast bar, overhead lighting, new cabinetry, stainless steel appliances, marble counters and backsplash, laundry, and a pantry closet. With two bedrooms, two full baths, and a little over 1,100 square feet of space, this Rittenhouse home is pretty large compared to others in its price range. The unit also comes with a boast-worthy terrace that is accessible from the living-dining room and both bedrooms. Building amenities include a 24-hour doorman, on-site maintenance, an indoor pool, a steam room, and exercise equipment. An Academy House condo fee includes the costs of utilities, basic cable, and internet.

1420 Locust St. Unit 7N, Philadelphia, Pa. 19103 [Audrone Stanton | Keller Williams Realty – Center City]

1900 Rittenhouse Sq. Unit 2C, Philadelphia, Pa. 19103 | TREND image via BHHS Fox & Roach

1900 Rittenhouse Sq. Unit 2C, Philadelphia, Pa. 19103 | TREND image via BHHS Fox & Roach

1900 Rittenhouse Sq. Unit 2c | 2 beds, 1 full bath, 1,076 square feet, $525,000

Located on the south side of Rittenhouse Square in a small yet sophisticated building is this two-bedroom, one-bathroom home. Upgrades to the unit are sprinkled throughout the open living room, dining room, and kitchen. Other features include a granite eating bar, laundry, high ceilings, hardwood floors, and new carpeted floors in each bedroom. The building has a 24-hour doorman. If you crave a home in the heart of the city and can handle living in modest quarters, don’t hesitate to check out this property.

1900 Rittenhouse Sq. Unit 2C, Philadelphia, Pa. 19103 [Patrick O’Connell | BHHS Fox & Roach – Center City Rittenhouse Hotel]

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