Brick Triplex with Self-Contained
For Sale
$1,300,000
513 PINE ST, Philadelphia, PA 19106
Well-maintained brick triplex offers three self-contained residential units with updates including a newer roof and hot water heaters.
Property Size3,200 SF
Price / SF$406.25
Days on Market114
Property Features for 513 PINE ST
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
3
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
Patrick M Conway · License #RS217990L
(215) 266-1537
Source:
Opal-realestate
Added: Jul 3
Changed: Oct 16
Last Checked: Oct 23 at 6:59AM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This well-maintained brick triplex features three self-contained residential units and a deep layout running approximately 78 feet. The first floor presents a huge 3-bedroom, two full bath configuration with soaring ceilings, solid oak hardwood floors, an eat-in kitchen, strong closet space, and a side breezeway. The second floor offers a light-filled 2-bedroom with high ceilings, original inlaid hardwood floors, an eat-in kitchen, a marble fireplace with original wood mantle, and a full tile bath. The third floor includes a sizable 1-bedroom with great ceiling height, hardwood floors, an eat-in kitchen, a full tile bath, and rear deck potential.
The full basement is clean, neat, and dry, running the entire length of the property, with three separate rooms, a full bath, a walk-in closet, substantial storage, and a dedicated mechanical room. Recent updates include a newer roof and all new hot water heaters.
The property includes a 3-bedroom owners unit along with a 2-bedroom and a 1-bedroom unit. The first and second floor units are currently vacant.
The full basement is clean, neat, and dry, running the entire length of the property, with three separate rooms, a full bath, a walk-in closet, substantial storage, and a dedicated mechanical room. Recent updates include a newer roof and all new hot water heaters.
The property includes a 3-bedroom owners unit along with a 2-bedroom and a 1-bedroom unit. The first and second floor units are currently vacant.
Key Highlights
- Well‑maintained brick triplex built in 1910 with 3 self‑contained units
- 3‑bedroom, 2‑bedroom, and 1‑bedroom unit mix (1st, 2nd, and 3rd floors)
- Large footprint running 78 ft deep with 3,200+ sq. ft. of living space (estimated)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,608
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,160
$1.1M
Cap Rate 7%
$780,114
$780.1K
Cap Rate 9%
$606,756
$606.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$82.6K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$78.0K $24.38/SF
− OpEx
−$23.4K −$7.31/SF
NOI
$54.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,160
Cap Rate 7%
$780,114
Cap Rate 9%
$606,756
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 3.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13,394
Businesses Nearby
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Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained brick triplex offers three self-contained residential units with updates including a newer roof and hot water heaters.
Where is this triplex located?
The property is located at 513 PINE ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Well‑maintained brick triplex built in 1910 with 3 self‑contained units; 3‑bedroom, 2‑bedroom, and 1‑bedroom unit mix (1st, 2nd, and 3rd floors); Large footprint running 78 ft deep with 3,200+ sq. ft. of living space (estimated)
