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PHILADELPHIA — Marcus & Millichap has completed the sale of two multifamily buildings, located at 912 and 1118 Pine St. in Philadelphia, for $1.49 million. The Class C properties comprise a 10-unit building and a five-unit building with ground-floor retail space. The storefront is the only vacancy between the two buildings. Andrew Janick of Marcus & Millichap’s Philadelphia office represented the seller, a private investor, and the buyer, a limited liability company. The property traded at a 4.5 percent capitalization rate. The buyer’s long-term plans for the properties include capital improvements, which will be made in an effort to increase rents.