Renovated Residential Income
For Sale
$625,000
1335 PINE STREET Unit 401, Philadelphia, PA 19107
The corner residence combines a custom kitchen and updated primary bath with a two-bedroom, two-bath layout.
Property Size1,278 SF
Price / SF$489.05
Days on Market93
Property Features for 1335 PINE STREET Unit 401
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$8,100
Building Details
Building Size
1,278 SF
Year Built
1900
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Kristen E Foote · License #RS293160
(215) 767-0754
Source:
Desantis-realestate
Added: Jul 30
Changed: Oct 29
Last Checked: Oct 27 at 4:04AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 1,278-square-foot corner residence has two bedrooms and two full bathrooms, including a primary suite with a marble bath and a second bedroom with an en-suite bath. The open living and dining area centers on a gas fireplace, while hardwood floors, recessed lighting, oversized windows, and a Juliet balcony add character. A custom kitchen and redesigned primary bathroom were completed in 2026; the kitchen includes granite counters, custom cabinetry, and new appliances. A laundry closet houses a stacked washer and dryer.
The home is in a four-story elevator building with seven residences. Its Philadelphia address places it near the Avenue of the Arts, the Kimmel Center, Washington Square, Rittenhouse Square, Society Hill, and the Italian Market.
The home is in a four-story elevator building with seven residences. Its Philadelphia address places it near the Avenue of the Arts, the Kimmel Center, Washington Square, Rittenhouse Square, Society Hill, and the Italian Market.
Key Highlights
- 1,278‑square‑foot corner residence with two bedrooms and two full bathrooms
- 2026 updates include a custom kitchen and redesigned primary bathroom
- Four‑story elevator building with seven residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,102
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,040
$402.0K
Cap Rate 7%
$287,171
$287.2K
Cap Rate 9%
$223,356
$223.4K
Market Conditions
NOI Build-Up for 1,278 SF
Gross rent
$38.8K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$36.5K $28.60/SF
− OpEx
−$16.4K −$12.87/SF
NOI
$20.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,040
Cap Rate 7%
$287,171
Cap Rate 9%
$223,356
Alternative Uses
Best Use
Apartment 5plus
$287.2K
$251.3K – $335.0K
NOI $20,102 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$311.6K
$272.6K – $363.5K
NOI $21,809 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
24,657
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence combines a custom kitchen and updated primary bath with a two-bedroom, two-bath layout.
Where is this residential income property located?
The property is located at 1335 PINE STREET Unit 401 Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,278‑square‑foot corner residence with two bedrooms and two full bathrooms; 2026 updates include a custom kitchen and redesigned primary bathroom; Four‑story elevator building with seven residences
