Two-Unit Duplex with
New
For Sale
$499,900
1432 WHARTON STREET, Philadelphia, PA 19146
Self-contained units include a full basement for mechanical systems and storage.
Property Size1,665 SF
Price / SF$300.24
Days on Market5
Property Features for 1432 WHARTON STREET
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Tara Management Services Inc
Listed By:
Beverly E Kessler-Rosa
(215) 985-4855
Source:
Cummingsrealtors
Added: Sep 12
Changed: Sep 15
Last Checked: Sep 15 at 2:15PM
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 Tara Management Services Inc
Investment Insights
Based on property information with market context.
This two-unit duplex contains a one-bedroom residence and a three-bedroom residence, with self-contained layouts and two bathrooms. The property offers 1,665 square feet of building area, along with a full basement that houses the mechanical systems and provides additional storage. Built in 1915, the building includes updated amenities and spacious interior arrangements.
The property is located at 1432 Wharton Street in Philadelphia, two blocks from 611, also identified as South Broad Street. Its separate living spaces and basement utility area provide a practical configuration for an owner-occupant seeking an on-site residence with additional income potential.
The property is located at 1432 Wharton Street in Philadelphia, two blocks from 611, also identified as South Broad Street. Its separate living spaces and basement utility area provide a practical configuration for an owner-occupant seeking an on-site residence with additional income potential.
Key Highlights
- Two‑unit duplex with one‑bedroom and three‑bedroom residences
- 1,665 square feet of building area
- Full basement with mechanical systems and storage
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
$28,413
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
5.68%
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%
$568,260
$568.3K
Cap Rate 7%
$405,900
$405.9K
Cap Rate 9%
$315,700
$315.7K
Market Conditions
NOI Build-Up for 1,665 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
$43.0K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$40.6K $24.38/SF
− OpEx
−$12.2K −$7.31/SF
NOI
$28.4K $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%
$568,260
Cap Rate 7%
$405,900
Cap Rate 9%
$315,700
Alternative Uses
Best Use
Multifamily LT 5
$405.9K
$355.2K – $473.6K
NOI $28,413 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$374.1K
$327.4K – $436.5K
NOI $26,190 @ 7.0% cap · market cap 5.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Self-contained units include a full basement for mechanical systems and storage.
Where is this duplex located?
The property is located at 1432 WHARTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with one‑bedroom and three‑bedroom residences; 1,665 square feet of building area; Full basement with mechanical systems and storage
