Duplex Property with Vacant
For Sale
$199,000
118 E WYOMING AVENUE, Philadelphia, PA 19120
Two-unit residential asset with existing rental income and one unoccupied unit.
Property Size1,500 SF
Price / SF$132.67
Days on Market69
Property Features for 118 E WYOMING AVENUE
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Duplex
Building Details
Year Built
1906
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
Brian K Wilson · License #RS271743
(856) 473-4524
Source:
Cummingsrealtors
Added: Aug 3
Changed: Oct 10
Last Checked: Oct 9 at 10:20PM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This duplex property includes two residential units, with one currently vacant and rental income associated with the asset. The configuration offers a combination of existing income and available occupancy within the same property.
Built in 1906, the property is located at 118 E Wyoming Avenue in Philadelphia, Pennsylvania 19120.
Built in 1906, the property is located at 118 E Wyoming Avenue in Philadelphia, Pennsylvania 19120.
Key Highlights
- Duplex configuration with two residential units
- One unit is currently vacant
- Rental income associated with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,249
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,980
$325.0K
Cap Rate 7%
$232,129
$232.1K
Cap Rate 9%
$180,544
$180.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$25.0K $16.68/SF
− Vacancy
−$1.8K −$1.20/SF
EGI
$23.2K $15.48/SF
− OpEx
−$7.0K −$4.64/SF
NOI
$16.2K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,980
Cap Rate 7%
$232,129
Cap Rate 9%
$180,544
Alternative Uses
Best Use
Multifamily LT 5
$232.1K
$203.1K – $270.8K
NOI $16,249 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$206.5K
$180.7K – $240.9K
NOI $14,453 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$358.3K
$313.5K – $418.0K
NOI $25,082 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential asset with existing rental income and one unoccupied unit.
Where is this duplex located?
The property is located at 118 E WYOMING AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; One unit is currently vacant; Rental income associated with the property
