Connected Mixed-Use
1313-1315 WOLF STREET, Philadelphia, PA 19148
For Sale
$998,000
Separate deeds and entrances pair commercial space with an apartment and finished lower levels.
Property Size4,244 SF
Days on Market22
Property Features for 1313-1315 WOLF STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
PA RealtyWorks LLC
Listed By:
Donna J DeStefano · License PA RM426151
(215) 732-5899
Source:
Patmckennarealtors
Added: Oct 21
Changed: Nov 10
Last Checked: Nov 10 at 6:03PM
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 PA RealtyWorks LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1925 property comprises two adjoining buildings with separate deeds and entrances, plus an interior connection. Commercial areas include custom cabinetry and finished lower levels with storage and kitchenettes. A residential apartment occupies the space above 1315 Wolf Street. The layout was developed for healthcare-related operations, with provisions for private work areas and administrative functions.
The buildings are across from Jefferson Methodist Hospital and have access to public transportation, PHL Airport, and major arteries.
The buildings are across from Jefferson Methodist Hospital and have access to public transportation, PHL Airport, and major arteries.
Key Highlights
- Two adjoining buildings with separate deeds, individual entrances, and interior connectivity
- Built in 1925
- Finished lower levels include storage and kitchenettes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,849
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,980
$1.1M
Cap Rate 7%
$797,843
$797.8K
Cap Rate 9%
$620,544
$620.5K
Market Conditions
NOI Build-Up for 4,244 SF
Gross rent
$93.2K $21.96/SF
− Vacancy
−$18.7K −$4.41/SF
EGI
$74.5K $17.55/SF
− OpEx
−$18.6K −$4.39/SF
NOI
$55.8K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,980
Cap Rate 7%
$797,843
Cap Rate 9%
$620,544
Alternative Uses
Best Use
Office B
$797.8K
$698.1K – $930.8K
NOI $55,849 @ 7.0% cap · market cap 5.60%
Second Best
Healthcare Medical
$785.7K
$687.5K – $916.7K
NOI $55,002 @ 7.0% cap · market cap 5.51%
Theoretical Best
Multifamily LT 5
$1.03M
$905.3K – $1.21M
NOI $72,423 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate deeds and entrances pair commercial space with an apartment and finished lower levels.
Where is this mixed-use property located?
The property is located at 1313-1315 WOLF STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two adjoining buildings with separate deeds, individual entrances, and interior connectivity; Built in 1925; Finished lower levels include storage and kitchenettes
