Corner
New
For Sale
$289,000
1615 WOLF Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,600 SF
Lot Size0.02 Acres
Price / SF$180.63
Days on Market2
Property Features for 1615 WOLF Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
PHILADELPHIA (SOUTH)
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,600 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4771
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall Unit(s)
Amenities
rear patio
shared basement laundry
basement egress
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Listing Agency:
Lime House
(717) 840-1355
Listed By:
Tanner Kirkpatrick · License #RS361592
(717) 713-9879
Added: Oct 15
Last Checked: Oct 16 at 6:06PM
MLS# PAPH2679074
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot masonry duplex, built in 1920, is configured as two separately metered apartments. The upper unit has 2 bedrooms and 1 bathroom; the first-floor unit has 1 bedroom and 1 bathroom. The property also includes a rear patio, shared basement laundry, and basement egress. Heating is hot water, with window and wall air-conditioning units. The sale is as-is, with no repairs to be made by the seller.
Located at 1615 Wolf Street in Philadelphia, the corner property has on-street parking. The lot measures 0.022 acres.
Located at 1615 Wolf Street in Philadelphia, the corner property has on-street parking. The lot measures 0.022 acres.
Key Highlights
- Two separately metered apartments: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom
- 1,600 square feet on a 0.022‑acre lot
- Masonry construction; built in 1920
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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 - Separate utility metering and a rear patio complement two apartments with distinct bedroom configurations.
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 apartments: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom; 1,600 square feet on a 0.022‑acre lot; Masonry construction; built in 1920
