Updated Two-Unit
For Sale
$345,000
1514 WOLF STREET, Philadelphia, PA 19145
Corner property with two updated two-bedroom units and in-unit laundry.
Property Size1,728 SF
Price / SF$199.65
Days on Market49
Property Features for 1514 WOLF STREET
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Duplex
Site & Location
Neighborhood
Newbold
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Aaron Wallace · License #RS-0039927
(610) 931-6396
Source:
Cummingsrealtors
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 4:30PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This 1728 SF duplex contains one two-bedroom residence on each level, creating a straightforward two-unit configuration. Both apartments feature updated kitchens with shaker-style cabinets, granite counters, tile backsplashes, and stainless steel appliances. Modern flooring, refreshed full bathrooms, generous living areas, in-unit laundry, and abundant natural light are included throughout the residences.
Built in 1920, the corner property is located at 1514 Wolf Street in South Philadelphia. The setting is near Broad Street, shopping, public transportation, and major roadways, providing access to everyday services and regional travel routes.
Built in 1920, the corner property is located at 1514 Wolf Street in South Philadelphia. The setting is near Broad Street, shopping, public transportation, and major roadways, providing access to everyday services and regional travel routes.
Key Highlights
- Two‑unit duplex with one two‑bedroom residence on each level
- 1728 SF property built in 1920
- Updated kitchens with shaker‑style cabinetry, granite countertops, tile backsplashes, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,488
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,760
$589.8K
Cap Rate 7%
$421,257
$421.3K
Cap Rate 9%
$327,644
$327.6K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.6K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$42.1K $24.38/SF
− OpEx
−$12.6K −$7.31/SF
NOI
$29.5K $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 Rate 5%
$589,760
Cap Rate 7%
$421,257
Cap Rate 9%
$327,644
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,488 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 7.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with two updated two-bedroom units and in-unit laundry.
Where is this duplex located?
The property is located at 1514 WOLF STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with one two‑bedroom residence on each level; 1728 SF property built in 1920; Updated kitchens with shaker‑style cabinetry, granite countertops, tile backsplashes, and stainless steel appliances
