Modern Duplex in
For Sale
$799,999
1106 WALLACE Street, Philadelphia, PA 19123
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,124 SF
Lot Size0.03 Acres
Price / SF$376.65
Days on Market320
Property Features for 1106 WALLACE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,124 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
11850
Utilities
Heating system
Central, Forced Air
Cooling system
Central Air
Building Details
Year built
2014
Number of units
2
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
LIN LIN DONG · License #RS345597
(215) 834-8897
Added: Sep 17, 2025
Changed: Jul 13
Last Checked: Aug 2 at 4:06AM
MLS# PAPH2538896
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 modern duplex, constructed in 2014, presents a unique opportunity for investors and owner-occupants alike. Unit A, currently rented for $1760 per month, features 2 bedrooms and 2.5 bathrooms, complemented by a private backyard suitable for outdoor activities. Unit B, with a projected rental income of $2600 per month plus a $100 flat water fee, offers a larger layout with 3 bedrooms and 3.5 bathrooms, along with a private rooftop terrace providing scenic views and a relaxing outdoor space. Both units are well-maintained and benefit from ample natural light. The property spans 2124 square feet on a 0.025-acre lot. Each unit includes the convenience of an in-unit washer and dryer. The previous owner resided in Unit B, which is now available for rent, making this property a versatile option for generating rental income or future owner occupancy. Located in Philadelphia, PA, this duplex offers flexibility, value, and contemporary living.
Key Highlights
- Modern duplex built in 2014 with masonry construction, contemporary style, and central heating and central air.
- Unit A: 2 bedrooms, 2.5 bathrooms, rented for $1,760/month, with in‑unit washer and dryer and a private backyard.
- Unit B: 3 bedrooms, 3.5 bathrooms, projected rent of $2,600/month plus a $100 flat water fee, with an in‑unit washer and dryer.
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary duplex perfect for investors or owner-occupants.
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: Modern duplex built in 2014 with masonry construction, contemporary style, and central heating and central air.; Unit A: 2 bedrooms, 2.5 bathrooms, rented for $1,760/month, with in‑unit washer and dryer and a private backyard.; Unit B: 3 bedrooms, 3.5 bathrooms, projected rent of $2,600/month plus a $100 flat water fee, with an in‑unit washer and dryer.
