Historic Residential Income
For Sale
$224,000
4637 PINE STREET Unit D511, Philadelphia, PA 19143
Fifth-floor one-bedroom residence with preserved period details, updated historic-style windows, and access to extensive community amenities.
Property Size775 SF
Days on Market14
Property Features for 4637 PINE STREET Unit D511
General Information
Standard status
Active
Size
775 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,378
Amenities
indoor swimming pool
exercise room
library
meeting room
indoor bike storage
gardens
fountains
koi ponds
Building Details
Building Size
775 SF
Year Built
1920
Stories
6
Listing Agency:
Compass Pennsylvania, LLC
(215) 356-7266
Listed By:
Melani Lamond · License #AB048377L
(215) 356-7266
Source:
Patmckennarealtors
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 4 at 2:40AM
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 fifth-floor, one-bedroom condominium includes a broad entry hall, gas-range kitchen, adjoining dining area, large living room with a five-window bay, and a bedroom with a combination washer/dryer closet. The residence also features a classic bathroom, hardwood flooring, woodwork, two leaded-glass windows, and eight standard windows replaced in a historically appropriate style. Built in 1920, the property retains architectural elements associated with the Garden Court complex’s pre-war design. A facade easement is held by the Preservation Alliance.
Residents have access to an indoor swimming pool, exercise room, library, meeting room, indoor bicycle storage, and landscaped outdoor areas with gardens, fountains, koi ponds, and seating in two gated courtyards. The property is located six blocks west of the University of Pennsylvania and near public transportation, restaurants, and coffee shops. The complex was converted to condominiums in 1994.
Residents have access to an indoor swimming pool, exercise room, library, meeting room, indoor bicycle storage, and landscaped outdoor areas with gardens, fountains, koi ponds, and seating in two gated courtyards. The property is located six blocks west of the University of Pennsylvania and near public transportation, restaurants, and coffee shops. The complex was converted to condominiums in 1994.
Key Highlights
- Fifth‑floor, one‑bedroom condominium with a five‑window living‑room bay
- 1920 construction with preserved hardwood flooring and classic woodwork
- Two leaded‑glass windows plus eight historically styled replacement windows
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 | $14.7k | $18.96 |
| − Vacancy | −$1.1k | −$1.44 |
| EGI | $13.6k | $17.52 |
| − OpEx | −$6.1k | −$7.88 |
| NOI | $7.5k | $9.64 |
775 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$106.7K
$93.3K – $124.5K
NOI $7,467 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.6K
$232.4K – $309.9K
NOI $18,594 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor one-bedroom residence with preserved period details, updated historic-style windows, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 4637 PINE STREET Unit D511 Philadelphia, PA.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Fifth‑floor, one‑bedroom condominium with a five‑window living‑room bay; 1920 construction with preserved hardwood flooring and classic woodwork; Two leaded‑glass windows plus eight historically styled replacement windows
