Multifamily Housing
1908 Pine Street Philadelphia, PA 19103
Details & Description
Price: $1,300,000
    1908 Pine Street was built in 1910. The current owner has had the building since 1973. There are six apartments, a basement, and a rear patio area. Tenants pay for their own gas heat, hot water, electric, and their gas or electric cooking. The landlord pays for common area heat, electric, and laundry hot water and dryer electric. A new owner would have the potential to use their “value-add” expertise to bring the 5 non-renovated apartments up to the level of the recently-renovated unit No. 3, and thus raise the rents and income over the next few years. The first and third floor of the building contain two apartments each. The second floor and fourth floor apartments take up the entire floor. The entrance doorway of the building contains tenant mailboxes, and a second security door to the building hallway and stairwell to the apartments. There is a hard-wired smoke alarm system throughout the building with pull-stations, and emergency lighting installed. Within the hallway is an exit to the rear of the property which contains an exterior patio-type area which has strong potential as an amenity for all of the tenants. The basement of the property is accessed from a stairwell located toward the back of the interior of the building. It is separated into two sections, both with concrete floors. There is a hard-wired smoke alarm system installed. There is no tenant storage.
    Additional Photos
    Listing Agents
    Steven Clofine

    O: 267-546-1755
    sclofine@mpnrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1908 Pine Street

    Philadelphia, PA 19103

    Listing ID: 255428
    • 1908 Pine Street Philadelphia, PA 19103 | for Sale | Photo 1
    • 1908 Pine Street Philadelphia, PA 19103 | for Sale | Photo 2
    • 1908 Pine Street Philadelphia, PA 19103 | for Sale | Photo 3
    • 1908 Pine Street Philadelphia, PA 19103 | for Sale | Photo 4
    • 1908 Pine Street Philadelphia, PA 19103 | for Sale | Photo 5
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    1908 Pine Street | for Sale | Thumbnail 2
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    1908 Pine Street | for Sale | Thumbnail 4
    1908 Pine Street | for Sale | Thumbnail 5
    Building Size: 4,237 SF
    Lot Size: 0.041 AC
    Land Size: 1,796 SF
    Building $/SF: $306.82
    Land $/SF: $723.83
    Price
    $1,300,000
    Description

    1908 Pine Street was built in 1910. The current owner has had the building since 1973. There are six apartments, a basement, and a rear patio area. Tenants pay for their own gas heat, hot water, electric, and their gas or electric cooking. The landlord pays for common area heat, electric, and laundry hot water and dryer electric. A new owner would have the potential to use their “value-add” expertise to bring the 5 non-renovated apartments up to the level of the recently-renovated unit No. 3, and thus raise the rents and income over the next few years. The first and third floor of the building contain two apartments each. The second floor and fourth floor apartments take up the entire floor. The entrance doorway of the building contains tenant mailboxes, and a second security door to the building hallway and stairwell to the apartments. There is a hard-wired smoke alarm system throughout the building with pull-stations, and emergency lighting installed. Within the hallway is an exit to the rear of the property which contains an exterior patio-type area which has strong potential as an amenity for all of the tenants. The basement of the property is accessed from a stairwell located toward the back of the interior of the building. It is separated into two sections, both with concrete floors. There is a hard-wired smoke alarm system installed. There is no tenant storage.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Multifamily Housing for Sale

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    Philadelphia Area Market Trends

    Listing Demographics for 1908 Pine Street Philadelphia, PA 19103

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population85,599462,413925,526
    Population Median Age383636
    Population by Age0-9 Yrs5593 (6%)45553 (9%)113422 (12%)
    10-19 Yrs4514 (5%)49300 (10%)113230 (12%)
    20-29 Yrs24136 (28%)107948 (23%)181057 (19%)
    30-39 Yrs19727 (23%)86165 (18%)152406 (16%)
    40-49 Yrs7964 (9%)45938 (9%)98436 (10%)
    50-59 Yrs8106 (9%)46882 (10%)104090 (11%)
    60-69 Yrs7971 (9%)42245 (9%)87643 (9%)
    70+ Yrs7587 (8%)38382 (8%)75243 (8%)
    Median HH Income$78,663$54,652$42,769
    Total Household Income< 24K8186 (18%)54140 (28%)121491 (33%)
    25-49K6402 (14%)36093 (18%)78875 (21%)
    50-74K6715 (15%)29013 (15%)53746 (14%)
    75-99K4904 (11%)20107 (10%)35168 (9%)
    100-199K10682 (24%)36104 (18%)52897 (14%)
    200K+7156 (16%)17089 (8%)20144 (5%)
    Highest Education LevelNo Diploma362840808102700
    Diploma or GED761279094188433
    Some College591342517100003
    Assoc. Degree20001351830020
    Bachelors Degree2337778120112635
    Higher Degree260527045389569
    Total Housing Units50,764224,928426,227
    --Owner-Occupied17,22584,227168,631
    --Renter-Occupied26,819108,318193,691
    Owner-Occupied Values< 100K8321342459407
    100-199K16301825643732
    200-299K23581719724666
    300-399K30201231215002
    400-499K252774528673
    500K+68581558717151
    Total Working Age Population78,187393,939749,198
    In Work Force55,450251,741452,569
    Not In Work Force22,737142,198296,628
    Workforce Employed53,256232,975411,542
    Workforce Unemployed2,14818,58540,809
    Civlian Workforce55,405251,560452,352
    Military Workforce45181218
    Total Households44,045192,545362,322
    Family Households14,02182,398180,599
    Non-Family Households30,024110,148181,723
    Married Couple10,89647,87084,535
    Other Family3,12434,52896,064
    Married w/Child3,04516,14630,111
    Single Male w/Child2402,7978,084
    Single Female w/Child1,04212,75038,327

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Camden County508,932+1513,6570511,800+2521,000
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Delaware County550,864+1558,979+5588,436+6622,307
    Montgomery County750,097+7799,874+5838,883+6891,868
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1908 Pine Street in Philadelphia?
    The asking price for 1908 Pine Street is $1,300,000
    What is the building size of this Multifamily property in Philadelphia, PA?
    The size of the building/unit at 1908 Pine Street in Philadelphia is 4,237 square feet
    How much land does the Philadelphia, PA property at 1908 Pine Street include?
    1908 Pine Street in Philadelphia includes 0.041 acres of land
    What is the population within 1 mile of 1908 Pine Street in Philadelphia?
    The population within 1 mile of 1908 Pine Street Philadelphia, PA 19103 is 85,599 people.
    Who do I contact for questions about 1908 Pine Street?
    You should contact the listing agent, Steven Clofine, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 6
    Newark Liberty International Airport (EWR) 74
    John F Kennedy International Airport (JFK) 88