Mixed-Use Corner Income
For Sale
$389,900
1713 Wolf Street, Philadelphia, PA 19145
Corner investment property includes small commercial office space plus two residential units and a basement storage tenant.
Property Size2,232 SF
Price / SF$174.69
Days on Market173
Property Features for 1713 Wolf Street
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1920
Listing Agency:
Alpha Realty Group
(215) 519-3706
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Source:
Compass
Added: Feb 8
Changed: Jul 22
Last Checked: Jul 31 at 12:16PM
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 Alpha Realty Group
Investment Insights
Based on property information with market context.
This mixed-use corner property combines commercial and residential income. The layout includes a small commercial space/office, a first-floor rear one-bedroom apartment, and a very large second-floor two-bedroom apartment. In addition, the basement is leased to a plumbing contractor for storage.
Located in the heart of the Melrose neighborhood of South Philadelphia, the property sits in Philadelphia County.
The available income components include three distinct rented areas: the small office/commercial space, the two residential apartments, and the basement storage space.
Located in the heart of the Melrose neighborhood of South Philadelphia, the property sits in Philadelphia County.
The available income components include three distinct rented areas: the small office/commercial space, the two residential apartments, and the basement storage space.
Key Highlights
- Corner investment property with small commercial/office space plus two residential units
- 1st‑floor rear 1‑bedroom apartment
- 2nd‑floor very large 2‑bedroom apartment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.8k | $30.36 |
| − Vacancy | −$3.9k | −$1.76 |
| EGI | $63.8k | $28.60 |
| − OpEx | −$28.7k | −$12.87 |
| NOI | $35.1k | $15.73 |
2,232 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$501.5K
$438.9K – $585.1K
NOI $35,108 @ 7.0% cap · market cap 9.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,335
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner investment property includes small commercial office space plus two residential units and a basement storage tenant.
Where is this duplex located?
The property is located at 1713 Wolf Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Corner investment property with small commercial/office space plus two residential units; 1st‑floor rear 1‑bedroom apartment; 2nd‑floor very large 2‑bedroom apartment
