Maintained Brick
For Sale
$1,300,000
513 PINE STREET, Philadelphia, PA 19106
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,200 SF
Price / SF$406.25
Days on Market760
Property Features for 513 PINE STREET
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
SOCIETY HILL
Standard status
Active
Size
3,200 SF
Building Details
Year built
1910
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Patrick Conway · License #RS217990L
(215) 266-1537
Added: Jul 8, 2024
Changed: Aug 4
Last Checked: Aug 6 at 12:06AM
MLS# PAPH2373790
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.
Built in 1910, this 3,200-square-foot brick triplex at 513 Pine Street includes three separately configured residences within a 78-foot-deep property. The unit mix comprises a three-bedroom, two-bath first-floor residence, a two-bedroom second-floor apartment, and a one-bedroom third-floor apartment. Interior details include hardwood flooring, high ceilings, eat-in kitchens, tiled bathrooms, and a marble fireplace with a wood mantel in the second-floor unit.
A full-length basement adds three rooms, a bathroom, walk-in closet, mechanical room, and substantial storage. The building also features newer windows, a recently installed roof, and new hot water heaters. The first- and second-floor units are currently vacant, while the third-floor residence includes a rear deck potential noted in the property information.
A full-length basement adds three rooms, a bathroom, walk-in closet, mechanical room, and substantial storage. The building also features newer windows, a recently installed roof, and new hot water heaters. The first- and second-floor units are currently vacant, while the third-floor residence includes a rear deck potential noted in the property information.
Key Highlights
- 3,200 SF triplex built in 1910
- Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom residences
- 78‑foot‑deep property with brick facade and newer windows
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 | $82.6k | $25.80 |
| − Vacancy | −$4.5k | −$1.42 |
| EGI | $78.0k | $24.38 |
| − OpEx | −$23.4k | −$7.31 |
| NOI | $54.6k | $17.06 |
3,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three self-contained units offer one-, two-, and three-bedroom layouts with updated roofing and hot water systems.
Where is this triplex located?
The property is located at 513 PINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,200 SF triplex built in 1910; Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom residences; 78‑foot‑deep property with brick facade and newer windows
