Two-Unit Duplex with Rear
For Sale
$289,000
1615 WOLF STREET, Philadelphia, PA 19145
The property has separately metered residences with a two-bedroom upper unit and a one-bedroom first-floor unit.
Property Size1,600 SF
Price / SF$180.63
Days on Market8
Property Features for 1615 WOLF STREET
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,771
Amenities
rear patio
shared basement laundry
basement egress
Building Details
Building Size
1,600 SF
Year Built
1920
Buildings
1
Listing Agency:
Lime House
Listed By:
Tanner Kirkpatrick · License #RS361592
(717) 713-9879
Source:
Patmckennarealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 4:01AM
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 Lime House
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Investment Insights
Based on property information with market context.
This 1920 end-row duplex contains approximately 1,600 square feet of living space across two separately metered units. The upper residence has two bedrooms and one bathroom; the first-floor unit has one bedroom and one bathroom. High ceilings and oversized windows are among the interior features, while a rear patio adds outdoor space. Shared basement laundry and basement egress are also present.
The corner property is in Philadelphia’s Newbold neighborhood, near Girard Estates. It is offered as-is, with the seller making no repairs.
The corner property is in Philadelphia’s Newbold neighborhood, near Girard Estates. It is offered as-is, with the seller making no repairs.
Key Highlights
- Two separately metered units: 2‑bedroom, 1‑bathroom upper unit and 1‑bedroom, 1‑bathroom first‑floor unit
- Approximately 1,600 square feet of living space
- 16' x 60' end‑row corner property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,167
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,340
$503.3K
Cap Rate 7%
$359,529
$359.5K
Cap Rate 9%
$279,633
$279.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$48.6K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.8K $28.60/SF
− OpEx
−$20.6K −$12.87/SF
NOI
$25.2K $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%
$503,340
Cap Rate 7%
$359,529
Cap Rate 9%
$279,633
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 8.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
Explore this area
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 - The property has separately metered residences with a two-bedroom upper unit and a one-bedroom first-floor unit.
Where is this duplex located?
The property is located at 1615 WOLF STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two separately metered units: 2‑bedroom, 1‑bathroom upper unit and 1‑bedroom, 1‑bathroom first‑floor unit; Approximately 1,600 square feet of living space; 16' x 60' end‑row corner property
