7-Unit Apartment
New
For Sale
$1,990,000
180900 Pine Street, Philadelphia, PA 19103
All apartments are leased through mid-2027, with separate utility service.
Property Size5,654 SF
Price / SF$351.96
Days on Market7
Property Features for 180900 Pine Street
General Information
Standard status
Active
Size
5,654 SF
Total Parking Spaces
2
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Site & Location
Neighborhood
West Philadelphia
Road Access
Yes
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Amenities
central air
in-unit laundry
roof deck
basement storage locker
Building Details
Year Built
1890
Buildings
1
Tenancy
Multi
Listing Agency:
Compass RE
Listed By:
Thomas S Dilsheimer · License #RS222491L
(610) 389-1482
Source:
Deepcreeklake
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 23 at 6:00PM
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 RE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,654-square-foot apartment building dates to 1890 and contains seven one-bedroom, one-bathroom residences. Each apartment has central air conditioning; some also include in-unit laundry. The top-floor residence has access to a roof deck, and each apartment is assigned a basement storage locker. Two parking spaces serve the property, which has separate utilities and current fire and lead certifications.
The building is in Philadelphia’s Center City, within walking distance of Rittenhouse Square, Fitler Square, the Schuylkill River Trail, and Walnut Street shopping and dining. University City and major hospital and university employers are also described as easily accessible. All seven apartments are leased through mid-2027.
The building is in Philadelphia’s Center City, within walking distance of Rittenhouse Square, Fitler Square, the Schuylkill River Trail, and Walnut Street shopping and dining. University City and major hospital and university employers are also described as easily accessible. All seven apartments are leased through mid-2027.
Key Highlights
- Seven one‑bedroom, one‑bathroom apartments; all leased through mid‑2027
- 5,654 square feet; built in 1890
- Two parking spaces and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,935
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,700
$1.8M
Cap Rate 7%
$1,270,500
$1.3M
Cap Rate 9%
$988,167
$988.2K
Market Conditions
NOI Build-Up for 5,654 SF
Gross rent
$171.7K $30.36/SF
− Vacancy
−$10.0K −$1.76/SF
EGI
$161.7K $28.60/SF
− OpEx
−$72.8K −$12.87/SF
NOI
$88.9K $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%
$1,778,700
Cap Rate 7%
$1,270,500
Cap Rate 9%
$988,167
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,935 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,485 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are leased through mid-2027, with separate utility service.
Where is this apartment building located?
The property is located at 180900 Pine Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Seven one‑bedroom, one‑bathroom apartments; all leased through mid‑2027; 5,654 square feet; built in 1890; Two parking spaces and separate utilities
