Modern Duplex with Private Outdoor
1106 Wallace Street Philadelphia, PA 19123
For Sale
$799,999
Built in 2014, this duplex features in-unit washer/dryer and dedicated outdoor space for each unit.
Property Size2,124 SF
Price / SF$376.65
Days on Market311
Property Features for 1106 Wallace Street
General Information
- Standard status
- Active
- Size
- 2,124 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2014
Listing Agency:
Atlantic Shores Sotheby's International Realty
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Sep 17, 2025
Changed: Jul 20
Last Checked: Jul 24 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Shores Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 2014, this modern duplex offers two separate units with in-unit washer and dryer. Unit A includes 2 bedrooms and 2.5 bathrooms and has a private backyard. Unit B is larger with 3 bedrooms and 3.5 bathrooms and includes a private rooftop terrace. Both units are described as well-maintained and filled with natural light.
Unit A is currently rented for $1,760 per month. Unit B is currently renting with a projected rent of $2,600 per month plus a $100 flat water fee. The prior owner previously lived in Unit B, which is now available as a rental unit.
Designed for day-to-day comfort, the property provides an owner-occupant option with separate outdoor areas tied to each unit, while also supporting rental income from both residences.
Unit A is currently rented for $1,760 per month. Unit B is currently renting with a projected rent of $2,600 per month plus a $100 flat water fee. The prior owner previously lived in Unit B, which is now available as a rental unit.
Designed for day-to-day comfort, the property provides an owner-occupant option with separate outdoor areas tied to each unit, while also supporting rental income from both residences.
Key Highlights
- Duplex built in 2014 with electric heating and central air; water provided by public supply
- Unit A: 2 bedrooms, 2.5 bathrooms, rented at $1,760/month; includes a private backyard
- Unit B: 3 bedrooms, 3.5 bathrooms; projected rent of $2,600/month plus a $100 flat water fee
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $51.8k | $24.38 |
| − OpEx | −$15.5k | −$7.31 |
| NOI | $36.2k | $17.06 |
2,124 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$517.8K
$453.1K – $604.1K
NOI $36,246 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$477.3K
$417.6K – $556.8K
NOI $33,409 @ 7.0% cap · market cap 4.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 2014, this duplex features in-unit washer/dryer and dedicated outdoor space for each unit.
Where is this duplex located?
The property is located at 1106 Wallace Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Duplex built in 2014 with electric heating and central air; water provided by public supply; Unit A: 2 bedrooms, 2.5 bathrooms, rented at $1,760/month; includes a private backyard; Unit B: 3 bedrooms, 3.5 bathrooms; projected rent of $2,600/month plus a $100 flat water fee
