Mixed-Use Medical Office
For Sale
$499,000
1315 Wolf St, Philadelphia, PA 19148
Medical-oriented mixed-use asset with configured clinical space and a rented apartment near Jefferson Methodist Hospital.
Property Size2,366 SF
Price / SF$210.90
Days on Market51
Property Features for 1315 Wolf St
General Information
Standard status
Active
Size
2,366 SF
Site & Location
Neighborhood
Newbold
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
hardwood flooring
recessed lighting
granite counters
stainless steel appliances
in-unit laundry
rear deck
private entrance
Building Details
Year Built
1925
Buildings
2
Listing Agency:
PA RealtyWorks LLC
Listed By:
Donna J DeStefano · License #RM426151
(215) 732-5899
Source:
Kandorre
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 3:02PM
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 2,366-square-foot mixed-use property, built in 1925, combines medical office improvements with residential space. The first floor includes a waiting area, reception area, workstation, two bathrooms, three exam rooms, and an office. A finished basement adds a kitchenette, seating area, storage, mechanical systems, and Bilco-style exterior egress. The upper level contains a two-bedroom, 1.5-bath apartment with hardwood floors, recessed lighting, granite countertops, stainless steel appliances, in-unit laundry, and a rear deck with its own entrance. The apartment is currently rented.
The offering includes two adjoining commercial-use buildings at 1313–1315 Wolf Street, with separate deeds and entrances plus interior connectivity. Built-in cabinetry supports medical and administrative functions, while the layout can accommodate multi-suite operations, owner-users, outpatient services, or healthcare practices. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries.
The offering includes two adjoining commercial-use buildings at 1313–1315 Wolf Street, with separate deeds and entrances plus interior connectivity. Built-in cabinetry supports medical and administrative functions, while the layout can accommodate multi-suite operations, owner-users, outpatient services, or healthcare practices. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries.
Key Highlights
- 2,366‑square‑foot mixed‑use property built in 1925
- Two adjoining commercial‑use buildings at 1313–1315 Wolf Street
- First‑floor layout includes three exam rooms, reception, waiting area, office, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,216
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,320
$744.3K
Cap Rate 7%
$531,657
$531.7K
Cap Rate 9%
$413,511
$413.5K
Market Conditions
NOI Build-Up for 2,366 SF
Gross rent
$71.8K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$67.7K $28.60/SF
− OpEx
−$30.4K −$12.87/SF
NOI
$37.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,320
Cap Rate 7%
$531,657
Cap Rate 9%
$413,511
Alternative Uses
Best Use
Apartment 5plus
$531.7K
$465.2K – $620.3K
NOI $37,216 @ 7.0% cap · market cap 7.46%
Second Best
Office B
$444.8K
$389.2K – $518.9K
NOI $31,135 @ 7.0% cap · market cap 6.24%
Theoretical Best
Multifamily LT 5
$576.8K
$504.7K – $672.9K
NOI $40,376 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
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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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical-oriented mixed-use asset with configured clinical space and a rented apartment near Jefferson Methodist Hospital.
Where is this mixed-use property located?
The property is located at 1315 Wolf St Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,366‑square‑foot mixed‑use property built in 1925; Two adjoining commercial‑use buildings at 1313–1315 Wolf Street; First‑floor layout includes three exam rooms, reception, waiting area, office, and two bathrooms
