Seven-Unit Multifamily with
1712 Pine Street Philadelphia, PA 19103
For Sale
$1,900,000
Seven leased apartments include updated kitchens and two-car parking on a 20' by 90' lot.
Property Size4,825 SF
Price / SF$393.78
Days on Market168
Property Features for 1712 Pine Street
General Information
- Standard status
- Active
- Size
- 4,825 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing Agency:
Compass Pennsylvania, LLC
(570) 847-9891
Listed By:
Clay Shaffer · License #RS346414
(570) 847-9891
Source:
Compass
Added: Feb 6
Changed: Jul 21
Last Checked: Jul 23 at 10:34AM
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
Investment Insights
Based on property information with market context.
This seven-unit multifamily property consists of five one-bedroom apartments and two two-bedroom apartments. The units feature updated kitchens, and each apartment has a storage unit in the basement. The apartments are currently leased, providing an income-producing residential setup within the building.
The property is located in Philadelphia on Pine Street, set on a 20' wide by 90' deep lot. The offering includes two-car parking for the building.
The configuration is straightforward for a residential income strategy, with all seven apartments currently occupied and supported by on-site basement storage for each unit.
The property is located in Philadelphia on Pine Street, set on a 20' wide by 90' deep lot. The offering includes two-car parking for the building.
The configuration is straightforward for a residential income strategy, with all seven apartments currently occupied and supported by on-site basement storage for each unit.
Key Highlights
- Pine Street 7‑unit multi‑family building on a 20' x 90' lot in Philadelphia (MLS area 19103)
- Unit mix: 5 one‑bedroom apartments and 2 two‑bedroom apartments; all currently leased
- All apartments feature updated kitchens
Financial Insights For Apartment 5plus
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 | $146.5k | $30.36 |
| − Vacancy | −$8.5k | −$1.76 |
| EGI | $138.0k | $28.60 |
| − OpEx | −$62.1k | −$12.87 |
| NOI | $75.9k | $15.73 |
4,825 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$948.7K – $1.26M
NOI $75,895 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,338 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Seven leased apartments include updated kitchens and two-car parking on a 20' by 90' lot.
Where is this apartment building located?
The property is located at 1712 Pine Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Pine Street 7‑unit multi‑family building on a 20' x 90' lot in Philadelphia (MLS area 19103); Unit mix: 5 one‑bedroom apartments and 2 two‑bedroom apartments; all currently leased; All apartments feature updated kitchens
