Mixed-Use Corner Income
For Sale
$329,900
1713 WOLF Street, Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,232 SF
Lot Size0.03 Acres
Price / SF$147.80
Days on Market168
Property Features for 1713 WOLF Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
MELROSE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,232 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5788
Utilities
Heating system
Hot Water(Heating), Baseboard
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Joseph Biancaniello · License #RM047735A
(215) 519-3706
Added: Feb 13
Changed: Jul 25
Last Checked: Jul 31 at 10:06PM
MLS# PAPH2583602
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.
Investment Insights
Based on property information with market context.
This mixed-use corner property includes a small commercial space/office plus residential units on the first and second floors. The first-floor rear unit is a one-bedroom apartment, and the second floor features a very large two-bedroom apartment. The basement is separately rented out to a plumbing contractor for storage.
Located at 1713 WOLF Street in Philadelphia, Pennsylvania, the property sits on a compact lot and is positioned within the Melrose neighborhood of South Philadelphia, as described in the remarks.
The current configuration supports both office and residential uses within one building, with the added benefit of income-producing basement storage under an existing rental arrangement.
Located at 1713 WOLF Street in Philadelphia, Pennsylvania, the property sits on a compact lot and is positioned within the Melrose neighborhood of South Philadelphia, as described in the remarks.
The current configuration supports both office and residential uses within one building, with the added benefit of income-producing basement storage under an existing rental arrangement.
Key Highlights
- Mixed‑use corner property in the Melrose neighborhood of South Philadelphia
- Year built 1920 with masonry construction materials
- Includes a small commercial space/office plus residential units
Financial Insights For Office B
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 | $49.0k | $21.96 |
| − Vacancy | −$9.9k | −$4.41 |
| EGI | $39.2k | $17.55 |
| − OpEx | −$9.8k | −$4.39 |
| NOI | $29.4k | $13.16 |
2,232 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 11.55%
Second Best
Apartment 5plus
$501.5K
$438.9K – $585.1K
NOI $35,108 @ 7.0% cap · market cap 10.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 income property includes a small commercial office space and multiple apartments across the first and second floors.
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 $329,900.
What are key features of this property?
This property features: Mixed‑use corner property in the Melrose neighborhood of South Philadelphia; Year built 1920 with masonry construction materials; Includes a small commercial space/office plus residential units
