Medical Mixed-Use
New
For Sale
$499,000
1315 WOLF STREET, Philadelphia, PA 19148
Medical office improvements occupy the first floor and basement, with a separate residential apartment above.
Property Size2,366 SF
Days on Market6
Property Features for 1315 WOLF STREET
General Information
Standard status
Active
Size
2,366 SF
Property subtype
Office
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,400
Amenities
in-unit laundry
rear deck
private entrance
Building Details
Building Size
2,366 SF
Year Built
1925
Listing Agency:
PA RealtyWorks LLC
(215) 732-5899
Listed By:
Donna J DeStefano · License #RM426151
(215) 732-5899
Source:
Patmckennarealtors
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 4 at 8:12AM
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
Investment Insights
Based on property information with market context.
This mixed-use property combines medical office improvements with residential space. The first floor is arranged with a waiting room, reception area, hall workstation, two bathrooms, three exam rooms, and an office. A finished basement adds a kitchenette, seating area, storage room, mechanical systems, and Bilco-style exterior egress. The second floor contains a two-bedroom, 1.5-bath apartment featuring hardwood floors, an open living room, recessed lighting, granite countertops, stainless steel appliances, in-unit laundry, and a rear deck with private entry.
The offering includes two adjoining commercial-use buildings at 1313-1315 Wolf Street, each with a separate deed and entrance, plus interior connectivity. Custom cabinetry is installed throughout the buildings. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries. The apartment is currently rented, while the commercial layout supports medical and outpatient practices, administrative healthcare operations, owner-users, or multi-suite occupancy.
The offering includes two adjoining commercial-use buildings at 1313-1315 Wolf Street, each with a separate deed and entrance, plus interior connectivity. Custom cabinetry is installed throughout the buildings. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries. The apartment is currently rented, while the commercial layout supports medical and outpatient practices, administrative healthcare operations, owner-users, or multi-suite occupancy.
Key Highlights
- Two adjoining commercial‑use buildings at 1313‑1315 Wolf Street with separate deeds, entrances, and interior connectivity
- First floor includes a waiting room, reception area, hall workstation, two bathrooms, three exam rooms, and an office
- Finished basement provides a kitchenette, seating area, storage room, mechanicals, and Bilco‑style exterior egress
Financial Insights For Apartment 5plus
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 | $71.8k | $30.36 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $67.7k | $28.60 |
| − OpEx | −$30.4k | −$12.87 |
| NOI | $37.2k | $15.73 |
2,366 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical office improvements occupy the first floor and basement, with a separate residential apartment above.
Where is this mixed-use property located?
The property is located at 1315 WOLF STREET 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: Two adjoining commercial‑use buildings at 1313‑1315 Wolf Street with separate deeds, entrances, and interior connectivity; First floor includes a waiting room, reception area, hall workstation, two bathrooms, three exam rooms, and an office; Finished basement provides a kitchenette, seating area, storage room, mechanicals, and Bilco‑style exterior egress
