Two Adjoining Medical Center
For Sale
$998,000
1313 1313-1315 Wolf St, Philadelphia, PA 19148
Two adjoining healthcare buildings built in 1925, each with separate entrances and deeds, plus interior connectivity.
Property Size4,244 SF
Price / SF$235.16
Days on Market94
Property Features for 1313 1313-1315 Wolf St
General Information
Standard status
Active
Size
4,244 SF
Site & Location
Neighborhood
Lower Moyamensing
Amenities
custom-built cabinetry
finished lower levels with storage and kitchenettes
Building Details
Year Built
1925
Buildings
2
Listing Agency:
PA RealtyWorks LLC
Listed By:
Donna J DeStefano · License #RM426151
(215) 732-5899
Source:
Soldbypattie
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 28 at 1:19PM
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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Investment Insights
Based on property information with market context.
This listing offers the opportunity to acquire two adjoining commercial-use medical buildings that can be purchased together or individually. Each building has its own deed and separate entrance, with interior connectivity between the two. Designed for medical specialties and multi-suite healthcare operations, the buildings support patient/client flow, private work areas, and administrative functions. Custom-built cabinetry is installed throughout to help support day-to-day workflow.
Finished lower levels include storage and kitchenettes and can be used by owner-users for outpatient services or by investors seeking medical-anchored space. A residential apartment located above 1315 Wolf Street provides additional income. The properties are positioned for healthcare use near hospitals and referral networks, and benefit from convenient public transportation access, proximity to PHL Airport, and access to major arteries. The buildings are located across from Jefferson Methodist Hospital.
Finished lower levels include storage and kitchenettes and can be used by owner-users for outpatient services or by investors seeking medical-anchored space. A residential apartment located above 1315 Wolf Street provides additional income. The properties are positioned for healthcare use near hospitals and referral networks, and benefit from convenient public transportation access, proximity to PHL Airport, and access to major arteries. The buildings are located across from Jefferson Methodist Hospital.
Key Highlights
- Two adjoining medical‑use buildings with separate deeds and entrances, plus interior connectivity
- Built in 1925
- Multi‑suite layout for medical and administrative workflows, with custom‑built cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,002
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,040
$1.1M
Cap Rate 7%
$785,743
$785.7K
Cap Rate 9%
$611,133
$611.1K
Market Conditions
NOI Build-Up for 4,244 SF
Gross rent
$101.9K $24.00/SF
− Vacancy
−$10.2K −$2.40/SF
EGI
$91.7K $21.60/SF
− OpEx
−$36.7K −$8.64/SF
NOI
$55.0K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,040
Cap Rate 7%
$785,743
Cap Rate 9%
$611,133
Alternative Uses
Best Use
Healthcare Medical
$785.7K
$687.5K – $916.7K
NOI $55,002 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,706
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Medical center - Two adjoining healthcare buildings built in 1925, each with separate entrances and deeds, plus interior connectivity.
Where is this medical center located?
The property is located at 1313 1313-1315 Wolf St 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 medical‑use buildings with separate deeds and entrances, plus interior connectivity; Built in 1925; Multi‑suite layout for medical and administrative workflows, with custom‑built cabinetry
