1024 Pine St,PHILADELPHIA, PA 19107
PHILADELPHIA, PA 19107
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!
Details
| MLS # | PAPH2651240 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 94 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | Gregory J Damis |
Features
| SQ Feet | 2,181 |
|---|---|
| Units | 3 |
| Zoning | CMX2 |
| Acreage | 0.01 |
| Property View | City |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 8944 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19107 |
| Area | 19107 (19107) |
| Community Name | WASHINGTON SQ WEST |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WASHINGTON SQ WEST) | |
Price: $1,045,000 low | high Med: $2,255 sqft: 2,181 low | high Med: 673 $ / sqft: $479 low | high Med: $3 On site: 94 low | high Med: 163 | |
Market Activity 19107
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19107 |
| Area | 19107 (19107) |
| Community Name | WASHINGTON SQ WEST |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WASHINGTON SQ WEST) | |
Price: $1,045,000 low | high Med: $2,255 sqft: 2,181 low | high Med: 673 $ / sqft: $479 low | high Med: $3 On site: 94 low | high Med: 163 | |
