Approved 111-Unit Apartment
1950 E LOGAN Street Philadelphia, PA 19141
1950 E LOGAN Street, Philadelphia, PA, 19141
$1,800,000
For Sale
$1,800,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size36,080 SF
Lot Size2.29 Acres
Price / SF$49.89
Days on Market94
Property Features for 1950 E LOGAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 36,080 SF
- Lot size
- 2.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10100
Building Details
- Year built
- 1950
- Number of units
- 4
- Building materials
- Masonry
Listing Agency
Realty Mark Associates
(215) 376-4444
1500 John F Kennedy Boulevard unit: 1510, Southampton, PA
Listed by
Larry R Levin · License #RS300451
(267) 808-6565
Added: Apr 16 Checked: Jul 18 at 8:06 am
MLS# PAPH2609194
Listing URL
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Investment Insights
Based on property information with market context.
This is a multifamily development opportunity at 1950 E LOGAN Street in Philadelphia, PA, approved for 111 apartments with off-street parking. The proposed unit mix includes 71 one-bedroom apartments, 39 two-bedroom apartments, and 1 three-bedroom apartment. The approved total finished space is 85,384 square feet, designed to create a predictable, long-term residential asset on a 2.29-acre site.
The property sits on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. A local construction company currently rents a portion of the site for approximately $3,200 per month, and that rental can continue after purchase. The setup offers developers and investors the ability to carry forward existing site income while moving toward full development.
For buyers seeking a ground-up multifamily platform, the approved plan and unit mix provide a clear development path and a straightforward leasing strategy. For investors focused on near-term stability, the in-place rental portion offers ongoing cash flow as the project advances. Prospective purchasers should contact the broker for additional details or to schedule a site tour.
The property sits on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. A local construction company currently rents a portion of the site for approximately $3,200 per month, and that rental can continue after purchase. The setup offers developers and investors the ability to carry forward existing site income while moving toward full development.
For buyers seeking a ground-up multifamily platform, the approved plan and unit mix provide a clear development path and a straightforward leasing strategy. For investors focused on near-term stability, the in-place rental portion offers ongoing cash flow as the project advances. Prospective purchasers should contact the broker for additional details or to schedule a site tour.
Key Highlights
- Approved for 111 apartments with off‑street parking, including 71 1‑bedroom units, 39 2‑bedroom units, and 1 3‑bedroom unit
- Total finished space: 85,384 SF
- Portion of the site currently rented for about $3,200/month (can continue after purchase)
Property Analytics
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Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Approved for 111 apartments with off-street parking, plus an existing income stream from a portion of the site.
Where is this apartment building located?
The property is located at 1950 E LOGAN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approved for 111 apartments with off‑street parking, including 71 1‑bedroom units, 39 2‑bedroom units, and 1 3‑bedroom unit; Total finished space: 85,384 SF; Portion of the site currently rented for about $3,200/month (can continue after purchase)
