Bought with Rachel Street • Compass Pennsylvania, LLC
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Key Details
Sold Price $1,675,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Rittenhouse Square
MLS Listing ID PAPH2626570
Sold Date 08/11/26
Year Built 1890
Annual Tax Amount $18,317
Tax Year 2025
Lot Size 1,800 Sqft
Acres 0.04
Lot Dimensions 20.00 x 90.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Nestled in the heart of Philadelphia's premier Rittenhouse Square neighborhood, 1712 Pine Street presents a rare, fully occupied multi-family asset primed for savvy investors. This stately 20-foot-wide property is a rental powerhouse boasting a 100% occupancy rate across its versatile collection of five charm-filled one-bedroom residences and two expansive two-bedroom layouts. Every unit is fully leased and showcases modernized kitchens, while tenants enjoy the added convenience of private basement storage lockers. Further elevating this Center City investment is the highly lucrative addition of dedicated two-car off-street parking. Location is paramount, and this address delivers unparalleled proximity to the sprawling campuses of UPenn and Drexel University, making it a natural magnet for graduate students and medical professionals. Residents will immerse themselves in a vibrant urban lifestyle, situated just a short stroll from the scenic lawns of Rittenhouse Square, artisanal cafes, high-end boutiques, and excellent transit links. Secure a premier piece of historic Philadelphia real estate that promises immediate cash flow and effortless tenant retention
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning RM1
Interior
Hot Water Electric
Heating Heat Pump(s), Hot Water, Radiator
Cooling Window Unit(s)
Flooring Hardwood
Heat Source Other
Exterior
Garage Spaces 2.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
View City
Roof Type Unknown
Street Surface Paved
Accessibility None
Road Frontage Public
Total Parking Spaces 2
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881532100
Ownership Fee Simple
Acceptable Financing Negotiable
Listing Terms Negotiable
Financing Negotiable
Special Listing Condition Standard
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Floretta Davis
Team Leader | License ID: 0225265926
Team Leader License ID: 0225265926