Mixed-Use Triplex with Retail
For Sale
$1,045,000
1024 PINE STREET, Philadelphia, PA 19107
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,181 SF
Price / SF$479.14
Days on Market12
Property Features for 1024 PINE STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
WASHINGTON SQ WEST
Standard status
Active
Size
2,181 SF
Building Details
Year built
1900
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Gregory J. Damis · License #RS153011A
(484) 324-8326
Added: Jul 22
Changed: Jul 23
Last Checked: Aug 2 at 3:06PM
MLS# PAPH2651240
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully renovated three-unit property offering a street-level retail/office space and two updated apartments. The commercial unit features high-visibility storefront windows and historic architectural details and is currently occupied by an art gallery. The residential component includes a renovated 1-bedroom unit with high ceilings, an open layout, modern finishes, a contemporary kitchen with stainless steel appliances, and an in-unit washer/dryer. The 2-bedroom unit offers a spacious, bright open floor plan with updated kitchen and baths, modern flooring, and its own in-unit washer/dryer.
The building is located on a tree-lined block in Washington Square West, along historic Antiques Row. It is positioned steps from Seger Park, Thomas Jefferson University Hospital, Pennsylvania Hospital, local dining, Whole Foods, and public transit, with a Walk Score of 99 and a Transit Score of 100.
The property is currently fully occupied and is reported to generate over $71,000 in yearly income.
The building is located on a tree-lined block in Washington Square West, along historic Antiques Row. It is positioned steps from Seger Park, Thomas Jefferson University Hospital, Pennsylvania Hospital, local dining, Whole Foods, and public transit, with a Walk Score of 99 and a Transit Score of 100.
The property is currently fully occupied and is reported to generate over $71,000 in yearly income.
Key Highlights
- Fully renovated 3‑unit mixed‑use building at 1024 Pine St, built in 1900
- Fully occupied with $71,100 in annual income (as stated in remarks)
- Unit 1: street‑level retail/office space currently used as an art gallery
Financial Insights For Multifamily LT 5
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 | $56.3k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.2k | $24.38 |
| − OpEx | −$16.0k | −$7.31 |
| NOI | $37.2k | $17.06 |
2,181 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,219 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.8K
NOI $34,306 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
23,668
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-unit building with street-level retail/office plus two apartments, fully occupied.
Where is this triplex located?
The property is located at 1024 PINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Fully renovated 3‑unit mixed‑use building at 1024 Pine St, built in 1900; Fully occupied with $71,100 in annual income (as stated in remarks); Unit 1: street‑level retail/office space currently used as an art gallery
