Updated Corner
For Sale
$379,900
9000 WESLEYAN Road, Philadelphia, PA 19136
Multi-Family, PHILADELPHIA, PA
Property Size1,660 SF
Lot Size0.09 Acres
Price / SF$228.86
Days on Market16
Property Features for 9000 WESLEYAN Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Driveway, Garage - Attached, On Street
Interior features
Bathroom - Tub Shower, Carpet, Ceiling Fan(s)
Appliances
Built-In Range, Dryer, Dryer - Gas, Refrigerator, Washer
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,660 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3797
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s)
Amenities
basement storage
washer/dryer
fenced yard
Building Details
Year built
1955
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Re/Max One Realty · RE/MAX International
(215) 953-8800
Listed By:
Stephen Matlack · License #RS151604A
(215) 953-8813
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 4 at 4:06PM
MLS# PAPH2623384
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,660-square-foot brick duplex occupies a corner end-row position in Philadelphia. Both units are vacant and feature newer kitchens, fresh paint, replacement windows, carpeting, blinds, and separate gas heating and domestic hot water systems. The basement provides storage along with two washer-and-dryer sets, one serving each unit.
The 0.0861-acre property includes a partially fenced yard and a two-car rear-entry attached garage. Parking is also available in the driveway and on the street. Built in 1955, the home combines masonry construction with practical unit separation and updated interior features. The two-unit layout supports an owner-occupant arrangement or placement of separate tenants, while the garage is currently rented.
The 0.0861-acre property includes a partially fenced yard and a two-car rear-entry attached garage. Parking is also available in the driveway and on the street. Built in 1955, the home combines masonry construction with practical unit separation and updated interior features. The two-unit layout supports an owner-occupant arrangement or placement of separate tenants, while the garage is currently rented.
Key Highlights
- 1,660 SF duplex on a 0.0861‑acre corner lot
- Both units are vacant and include newer kitchens
- Two‑car rear‑entry attached garage, currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,560
$566.6K
Cap Rate 7%
$404,686
$404.7K
Cap Rate 9%
$314,756
$314.8K
Market Conditions
NOI Build-Up for 1,660 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.8K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$40.5K $24.38/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$28.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,560
Cap Rate 7%
$404,686
Cap Rate 9%
$314,756
Alternative Uses
Best Use
Multifamily LT 5
$404.7K
$354.1K – $472.1K
NOI $28,328 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,111 @ 7.0% cap · market cap 6.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units support owner occupancy or separate tenant placement, with a partially fenced yard and attached garage.
Where is this duplex located?
The property is located at 9000 WESLEYAN Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,660 SF duplex on a 0.0861‑acre corner lot; Both units are vacant and include newer kitchens; Two‑car rear‑entry attached garage, currently rented
