Duplex with Two-Bedroom
For Sale
$549,900
314 Wharton Street, Philadelphia, PA 19147
Two occupied residences offer separate living spaces, in-unit laundry, climate control, and access to a private rear yard.
Property Size1,484 SF
Price / SF$370.55
Days on Market620
Property Features for 314 Wharton Street
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,246
Amenities
in-unit washer/dryer
central air/heat
rear yard
basement
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1915
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 Forrester Real Estate
(267) 688-1449
Listed By:
Michael A Giangiordano II · License #1758195
(267) 688-1449
Source:
Compass
Added: Dec 18, 2024
Changed: Aug 30
Last Checked: Aug 30 at 4:26AM
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 Century 21 Forrester Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom residences within a 1,484-square-foot property built in 1915. The lower apartment includes a living room, kitchen with gas range and refrigerator, two bedrooms, central air and heat, in-unit washer and dryer, basement access, and a rear yard. Its second bedroom is positioned on the upper level. The bi-level upper residence provides a living room and kitchen on the second floor, with two bedrooms, closet storage, a three-piece ceramic-tile bathroom, central air and heat, and its own washer and dryer across the second and third floors.
Both units are occupied. The property is located at 314 Wharton Street in Philadelphia’s 19147 area and is identified under RSA5 zoning. The layout includes above-grade and below-grade space, with no pool reported.
Both units are occupied. The property is located at 314 Wharton Street in Philadelphia’s 19147 area and is identified under RSA5 zoning. The layout includes above-grade and below-grade space, with no pool reported.
Key Highlights
- Two‑bedroom duplex with 1,484 square feet of property size
- Both units are currently occupied
- Two residences include central air and heat plus in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,480
$506.5K
Cap Rate 7%
$361,771
$361.8K
Cap Rate 9%
$281,378
$281.4K
Market Conditions
NOI Build-Up for 1,484 SF
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.
Gross rent
$38.3K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.2K $24.38/SF
− OpEx
−$10.9K −$7.31/SF
NOI
$25.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,480
Cap Rate 7%
$361,771
Cap Rate 9%
$281,378
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.1K
NOI $25,324 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$333.5K
$291.8K – $389.1K
NOI $23,343 @ 7.0% cap · market cap 4.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer separate living spaces, in-unit laundry, climate control, and access to a private rear yard.
Where is this duplex located?
The property is located at 314 Wharton Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑bedroom duplex with 1,484 square feet of property size; Both units are currently occupied; Two residences include central air and heat plus in‑unit washer and dryer
