Bi-Level Residential Income
For Sale
$585,000
715 PINE STREET Unit 5, Philadelphia, PA 19106
Two-level layout separates living and sleeping areas and includes secure deeded parking.
Property Size1,685 SF
Days on Market80
Property Features for 715 PINE STREET Unit 5
General Information
Standard status
Active
Size
1,685 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,225
Building Details
Building Size
1,685 SF
Year Built
1900
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Jacqueline M Silva · License #RS311485
(215) 694-3003
Source:
Patmckennarealtors
Added: Aug 14
Changed: Oct 31
Last Checked: Oct 30 at 8:50PM
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 OCF Realty LLC - Philadelphia
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Investment Insights
Based on property information with market context.
This refreshed residential income property is configured as a bi-level condominium with two bedrooms and two full bathrooms. The main floor combines a spacious living room, dining area, and open kitchen with stainless steel appliances, a center island, and pantry storage. A full bathroom and additional storage are also located on this level. Upstairs are two bedrooms with substantial closet space, a second full bathroom, and an in-unit washer and dryer. Recent improvements include fresh interior paint and refinished hardwood floors.
The property is at 715 Pine Street, Unit 5, in Philadelphia’s Society Hill neighborhood. Washington Square, Pennsylvania Hospital, restaurants, cafes, retail, and public transportation are nearby. The property also includes a secure, gated deeded parking space.
The property is at 715 Pine Street, Unit 5, in Philadelphia’s Society Hill neighborhood. Washington Square, Pennsylvania Hospital, restaurants, cafes, retail, and public transportation are nearby. The property also includes a secure, gated deeded parking space.
Key Highlights
- Two‑bedroom, two‑bathroom bi‑level condominium
- Secure, gated deeded parking space included
- Fresh interior paint and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,504
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,080
$530.1K
Cap Rate 7%
$378,629
$378.6K
Cap Rate 9%
$294,489
$294.5K
Market Conditions
NOI Build-Up for 1,685 SF
Gross rent
$51.2K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.2K $28.60/SF
− OpEx
−$21.7K −$12.87/SF
NOI
$26.5K $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%
$530,080
Cap Rate 7%
$378,629
Cap Rate 9%
$294,489
Alternative Uses
Best Use
Apartment 5plus
$378.6K
$331.3K – $441.7K
NOI $26,504 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,448
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level layout separates living and sleeping areas and includes secure deeded parking.
Where is this residential income property located?
The property is located at 715 PINE STREET Unit 5 Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom bi‑level condominium; Secure, gated deeded parking space included; Fresh interior paint and refinished hardwood floors
