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1950 E Logan St, PHILADELPHIA, PA – $2,699,000

  • $2.7M Price
  • 99,799 Sqft
  • 2.29 Acres
  • 78 DOM
  • $2.7M Price
  • 99,799 Sqft
  • 2.29 Acres
  • 78 DOM

1950 E Logan St

Are you a developer looking for your next large project? look no more! Zoning approved project in the Germantown section of Philadelphia. Zoning permit in hand, approved for multi-family with: 111 Dwelling units. 42 Parking spaces , 4 Accessible spaces (including 1 van), 3 Electric van spaces, 45 1A class bicycle spaces Total Gross floor area (3 floors & lower level) 85,384 sqft Lot area 99,798.7 SF (2.29 AC) Units Breakdown: Lower level: Lobby & Utility 1st Floor: Office, 23 units of 1 Bedroom, 13 units of 2 Bedrooms = 36 Units total 2nd Floor: 25 units of 1 Bedroom, 13 units of 2 Bedrooms = 38 Units total 3rd Floor: 23 units of 1 Bedroom, 13 units of 2 Bedrooms, 1 unit of 3 Bedrooms = 37 Units total Total Units Count: 111 Units. LOW estimated rents: 1 Bed 1 bath $1,015 2 Beds 1 bath $1,250 3 Beds 1 bath $1,450 With the above projection, the building is expected to generate approximately $72,065 from 1 bed units $48,750 from 2 beds units $1,450 from 3 beds unit Total monthly expected rents: $122,265 ; Yearly expected gross rent $1,467,180 Medium to higher rents should bring additional 10-15%. Additional income from parking is also expected. With such incredible numbers, don't wait and make your move TODAY!

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Essential Information

  • MLS® #PAPH2466868
  • Price$2,699,000
  • Bathrooms0.00
  • Square Footage99,799
  • Acres2.29
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address1950 E Logan St
  • Area19141
  • SubdivisionWISTER
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19141

Amenities

  • ParkingPrivate

Interior

  • HeatingNone
  • CoolingNone

Exterior

Lot Description

Corner Lot, Open, Rear Yard, Unrestricted

School Information

  • DistrictPHILADELPHIA CITY

Additional Information

  • Date ListedApril 21st, 2025
  • Days on Market78
  • ZoningRM1

Listing Details

  • OfficeVictory Real Estate, LLC
  • Office Contact2157090909
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Listing information last updated on July 7th, 2025 at 10:03am CDT.