1024 PINE STREET
Property Description
Mixed-Use Investment Opportunity in Washington Square West! 1024 Pine Street is a fully renovated, multi-unit building located on a tree-lined block along historic Antiques Row in Washington Square West. This versatile property is well-suited for an investor looking for a turnkey asset or an owner-occupant interested in a live-work setup with rental income. The property is currently fully occupied and generates over $71,000 in yearly income making this a fantastic investment opportunity. The building consists of three fully updated units: Unit 1 (Commercial): A street-level retail/office space with high-visibility storefront windows and historic architectural details. It is currently occupied by an art gallery of Tony LaSalle, making it highly adaptable for retail, professional services, or a creative studio. Unit 2 (1-Bedroom Apartment): A renovated flat featuring high ceilings, an open layout, modern finishes, a contemporary kitchen with stainless steel appliances, and an in-unit washer/dryer. Unit 3 (2-Bedroom Apartment): A spacious, bright residence with an open floor plan, updated kitchen and baths, modern flooring, and a dedicated in-unit washer/dryer. Property Highlights: Turnkey & Low-Maintenance: Fully updated throughout with modern fixtures, kitchens, and bathrooms. The property currently generates an annual income of $71,100. In-Unit Laundry: Each residential unit includes its own washer and dryer, a highly requested amenity for Center City tenants. Central Location: Located in a highly walkable neighborhood (Walk Score: 99, Transit Score: 100) steps from Seger Park, Thomas Jefferson University Hospital, Pennsylvania Hospital, local dining, Whole Foods, and public transit. Whether you are looking to expand your real estate portfolio with a high-performing premium asset or purchase a live-work property in one of Philly's most desirable neighborhoods, this Pine Street gem is ready for its next chapter. Schedule your tour today!
Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors 484-324-8326
MLS ID: 404907
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,045,000 |
| Year Built: | 1900 |
| Lot Size: | 2,181.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2651240
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
5801 Ellsworth Ave
Shadyside, Pennsylvania
616 Union St
California, PennsylvaniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout