Brick Triplex with Self-Contained
513 Pine Street Philadelphia, PA 19106
513 Pine Street, Philadelphia, PA, 19106
$1,375,000
For Sale
$1,375,000
Well-maintained brick triplex offers three self-contained residential units with updates including a newer roof and hot water heaters.
Property Size3,200 SF
Price / SF$429.69
Days on Market746
Property Features for 513 Pine Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Advantage Realty
(609) 744-6614
Listed by
Brittany Moody
(609) 744-6614
Source
Thetristaterealestategroup
Added: Jul 8, 2024 Updated: Jul 22 at 5:58AM Checked: Jul 22 at 5:58AM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
This well-maintained brick triplex features three self-contained residential units and a deep layout running approximately 78 feet. The first floor presents a huge 3-bedroom, two full bath configuration with soaring ceilings, solid oak hardwood floors, an eat-in kitchen, strong closet space, and a side breezeway. The second floor offers a light-filled 2-bedroom with high ceilings, original inlaid hardwood floors, an eat-in kitchen, a marble fireplace with original wood mantle, and a full tile bath. The third floor includes a sizable 1-bedroom with great ceiling height, hardwood floors, an eat-in kitchen, a full tile bath, and rear deck potential.
The full basement is clean, neat, and dry, running the entire length of the property, with three separate rooms, a full bath, a walk-in closet, substantial storage, and a dedicated mechanical room. Recent updates include a newer roof and all new hot water heaters.
The property includes a 3-bedroom owners unit along with a 2-bedroom and a 1-bedroom unit. The first and second floor units are currently vacant.
The full basement is clean, neat, and dry, running the entire length of the property, with three separate rooms, a full bath, a walk-in closet, substantial storage, and a dedicated mechanical room. Recent updates include a newer roof and all new hot water heaters.
The property includes a 3-bedroom owners unit along with a 2-bedroom and a 1-bedroom unit. The first and second floor units are currently vacant.
Key Highlights
- Well‑maintained brick triplex built in 1910 with 3 self‑contained units
- 3‑bedroom, 2‑bedroom, and 1‑bedroom unit mix (1st, 2nd, and 3rd floors)
- Large footprint running 78 ft deep with 3,200+ sq. ft. of living space (estimated)
Local 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 3.97%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 3.66%
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
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FAQs
What type of property is this?
Triplex - Well-maintained brick triplex offers three self-contained residential units with updates including a newer roof and hot water heaters.
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 $1,375,000.
What are key features of this property?
This property features: Well‑maintained brick triplex built in 1910 with 3 self‑contained units; 3‑bedroom, 2‑bedroom, and 1‑bedroom unit mix (1st, 2nd, and 3rd floors); Large footprint running 78 ft deep with 3,200+ sq. ft. of living space (estimated)
