Turnkey Duplex with STR
1026 Pine Street Philadelphia, PA 19107
For Sale
$720,000
Renovated two-unit duplex includes custom kitchens, in-unit washer/dryer, mini-split HVAC, and furnished STR licensing.
Property Size1,320 SF
Price / SF$545.45
Days on Market284
Property Features for 1026 Pine Street
General Information
- Standard status
- Active
- Size
- 1,320 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Realty
(215) 681-6610
Listed By:
Philip R. Cavalcanto · License #2297020
(215) 681-6610
Source:
Compass
Added: Oct 14, 2025
Changed: Jul 22
Last Checked: Jul 23 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This turnkey duplex offers a fully furnished option and an available short-term rental license. The property has been renovated with new custom kitchens in each residence, in-unit washer/dryers, and new efficient mini-split HVAC units. The lower unit also includes a newly updated bathroom, and the home has two new water heaters along with other system upgrades intended to support low-maintenance ownership. Sellers have documented short-term rental history, with an operations playbook available and an inventory package included with the furnished offering.
Located in Washington Square West, the property is on a quiet, tree-lined block and is described as within walking distance to cafes, restaurants, markets, hospitals, and cultural venues, with easy access to Center City.
Showings are by appointment, and sellers prefer offers that honor forward bookings, with details available upon request.
Located in Washington Square West, the property is on a quiet, tree-lined block and is described as within walking distance to cafes, restaurants, markets, hospitals, and cultural venues, with easy access to Center City.
Showings are by appointment, and sellers prefer offers that honor forward bookings, with details available upon request.
Key Highlights
- Renovated Washington Square West duplex with STR license
- Each unit features a new custom kitchen and in‑unit washer/dryer
- New efficient mini‑split HVAC in both residences
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 | $34.1k | $25.80 |
| − Vacancy | −$1.9k | −$1.42 |
| EGI | $32.2k | $24.38 |
| − OpEx | −$9.7k | −$7.31 |
| NOI | $22.5k | $17.06 |
1,320 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 2.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated two-unit duplex includes custom kitchens, in-unit washer/dryer, mini-split HVAC, and furnished STR licensing.
Where is this duplex located?
The property is located at 1026 Pine Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Renovated Washington Square West duplex with STR license; Each unit features a new custom kitchen and in‑unit washer/dryer; New efficient mini‑split HVAC in both residences
