new - 2 days on rocket

5900 Pine St, Philadelphia, PA, 19143

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
1,600 SqFt
$219/SqFt
Multi

Location

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5900 Pine St, Philadelphia$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built1920
HeatingBaseboard
CoolingWindow Unit(s)
MLS #PAPH2421184
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 5900 Pine St

This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability. Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates. Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1920
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: ISS Realty, LLC
  • Office Phone: (215) 795-0207
  • Listing Agent: tal iss

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $219/SqFt

Tax Information:

  • Annual Amount: $651
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

5900 Pine St vs Philadelphia

2 DAYS ON ROCKET

-42 Days

$350,000

+$88.1K More

$219/SqFt

+$20 More

KEY TAKEAWAY

This property is $88.1K more than the Median Sold Price and $20/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2421184

Listing Office:

  • Office Name: ISS Realty, LLC
  • Office Phone: (215) 795-0207
  • Listing Agent: tal iss

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 22, 2016Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2020$651 -
2019$627$44,800
2018$529$37,800
2017$529$37,800

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-198606
3
/10

  • Stonehurst Hills Elementary School

  • 7051 Ruskin Ln

  • 0.99 miles

  • Public District Grades KG-5

school-card-donut-198607
4
/10

  • West Philadelphia Achievement Ces

  • 6701 Callowhill St

  • 1.29 miles

  • Public Charter Grades KG-5

school-card-donut-198608
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 1.32 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,563. The majority of Philadelphia, PA residents have income less than $35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19143›5900 Pine St

This home is located at 5900 Pine St in Philadelphia, PA and zip code 19143 in the Cobbs Creek neighborhood. This 1,600 square foot home, which was built in 1920, sits on a 0.03 acre lot. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $350,000.

While more than 252 listings in Philadelphia, PA in October 2024 were sold above asking price, there were more than 237 listings sold at asking price, and more than 567 were sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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