Approved 111-Unit Apartment
For Sale
$1,800,000
1950 E LOGAN Street, Philadelphia, PA 19141
MULTI_FAMILY - PHILADELPHIA, PA
Property Size36,080 SF
Lot Size2.29 Acres
Price / SF$49.89
Days on Market119
Property Features for 1950 E LOGAN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Parking Lot
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
36,080 SF
Lot size
2.29 Acres
Taxes and HOA fees
Tax Annual Amount
10100
Building Details
Year built
1950
Number of units
4
Building materials
Masonry
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Larry R Levin · License #RS300451
(267) 808-6565
Added: Apr 16
Changed: Jun 9
Last Checked: Aug 12 at 9:06PM
MLS# PAPH2609194
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a multifamily development opportunity at 1950 E LOGAN Street in Philadelphia, PA, approved for 111 apartments with off-street parking. The proposed unit mix includes 71 one-bedroom apartments, 39 two-bedroom apartments, and 1 three-bedroom apartment. The approved total finished space is 85,384 square feet, designed to create a predictable, long-term residential asset on a 2.29-acre site.
The property sits on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. A local construction company currently rents a portion of the site for approximately $3,200 per month, and that rental can continue after purchase. The setup offers developers and investors the ability to carry forward existing site income while moving toward full development.
For buyers seeking a ground-up multifamily platform, the approved plan and unit mix provide a clear development path and a straightforward leasing strategy. For investors focused on near-term stability, the in-place rental portion offers ongoing cash flow as the project advances. Prospective purchasers should contact the broker for additional details or to schedule a site tour.
The property sits on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. A local construction company currently rents a portion of the site for approximately $3,200 per month, and that rental can continue after purchase. The setup offers developers and investors the ability to carry forward existing site income while moving toward full development.
For buyers seeking a ground-up multifamily platform, the approved plan and unit mix provide a clear development path and a straightforward leasing strategy. For investors focused on near-term stability, the in-place rental portion offers ongoing cash flow as the project advances. Prospective purchasers should contact the broker for additional details or to schedule a site tour.
Key Highlights
- Approved for 111 apartments with off‑street parking, including 71 1‑bedroom units, 39 2‑bedroom units, and 1 3‑bedroom unit
- Total finished space: 85,384 SF
- Portion of the site currently rented for about $3,200/month (can continue after purchase)
Property Analytics
Property Profile
Current Use
Lease Details
111
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved for 111 apartments with off-street parking, plus an existing income stream from a portion of the site.
Where is this apartment building located?
The property is located at 1950 E LOGAN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approved for 111 apartments with off‑street parking, including 71 1‑bedroom units, 39 2‑bedroom units, and 1 3‑bedroom unit; Total finished space: 85,384 SF; Portion of the site currently rented for about $3,200/month (can continue after purchase)
