Mixed-Use Triplex with Retail
PHILADELPHIA, PA 19107 Philadelphia, PA 19107
New
Philadelphia, PA, 19107
$1,045,000
For Sale
$1,045,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,181 SF
Price / SF$479.14
Days on Market2
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 2,181 SF
Building Details
- Year built
- 1900
Listing agency
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed by
Gregory J. Damis · License #RS153011A
(484) 324-8326
Added: Jul 22 Checked: Jul 23 at 1:06AM
MLS# PAPH2651240
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Fully renovated three-unit property offering a street-level retail/office space and two updated apartments. The commercial unit features high-visibility storefront windows and historic architectural details and is currently occupied by an art gallery. The residential component includes a renovated 1-bedroom unit with high ceilings, an open layout, modern finishes, a contemporary kitchen with stainless steel appliances, and an in-unit washer/dryer. The 2-bedroom unit offers a spacious, bright open floor plan with updated kitchen and baths, modern flooring, and its own in-unit washer/dryer.
The building is located on a tree-lined block in Washington Square West, along historic Antiques Row. It is positioned steps from Seger Park, Thomas Jefferson University Hospital, Pennsylvania Hospital, local dining, Whole Foods, and public transit, with a Walk Score of 99 and a Transit Score of 100.
The property is currently fully occupied and is reported to generate over $71,000 in yearly income.
The building is located on a tree-lined block in Washington Square West, along historic Antiques Row. It is positioned steps from Seger Park, Thomas Jefferson University Hospital, Pennsylvania Hospital, local dining, Whole Foods, and public transit, with a Walk Score of 99 and a Transit Score of 100.
The property is currently fully occupied and is reported to generate over $71,000 in yearly income.
Key Highlights
- Fully renovated 3‑unit mixed‑use building at 1024 Pine St, built in 1900
- Fully occupied with $71,100 in annual income (as stated in remarks)
- Unit 1: street‑level retail/office space currently used as an art gallery
Local Financial Insights For Multifamily LT 5
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 | $56.3k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.2k | $24.38 |
| − OpEx | −$16.0k | −$7.31 |
| NOI | $37.2k | $17.06 |
2,181 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,219 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.8K
NOI $34,306 @ 7.0% cap · market cap 3.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated three-unit building with street-level retail/office plus two apartments, fully occupied.
Where is this triplex located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Fully renovated 3‑unit mixed‑use building at 1024 Pine St, built in 1900; Fully occupied with $71,100 in annual income (as stated in remarks); Unit 1: street‑level retail/office space currently used as an art gallery
