Three-Level Residential Income
For Sale
$525,000
1803 WYLIE STREET Unit 1, Philadelphia, PA 19130
Contemporary condo-style residence with high-end finishes, flexible lower-level rooms, and a private fenced patio.
Property Size1,458 SF
Days on Market145
Property Features for 1803 WYLIE STREET Unit 1
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Francisville
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,098
Building Details
Building Size
1,458 SF
Year Built
2022
Listing Agency:
RE/MAX Ready
Listed By:
Ben Finelli · License #RS334157
(267) 853-8823
Source:
Patmckennarealtors
Added: Jun 10
Changed: Oct 31
Last Checked: Oct 30 at 8:25PM
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 RE/MAX Ready
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Investment Insights
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Completed in 2022, this residential income property is arranged across three finished levels with three bedrooms and three-and-a-half bathrooms. The main floor combines white oak herringbone flooring, a custom media wall, built-in shelving, and a detailed kitchen with quartz waterfall counters, two-tone cabinetry, brushed-gold hardware, a Carrara marble backsplash, farmhouse sink, Samsung appliances, and seating for four at the island.
The primary suite includes a shiplap ceiling, substantial storage, and an ensuite bath with porcelain herringbone tile and an oversized walk-in shower. Two lower-level bedrooms feature 10-foot ceilings and private bathrooms, creating adaptable space for guests, an office, or additional living areas. A tiled rear patio enclosed by a privacy fence extends the home outdoors.
The property is steps from Francisville Playground and Eastern State Penitentiary, with Fairmount Avenue boutiques and restaurants nearby. Whole Foods, the Barnes Foundation, and the Philadelphia Museum of Art are also within easy reach, while Center City is described as a 15-minute walk away.
The primary suite includes a shiplap ceiling, substantial storage, and an ensuite bath with porcelain herringbone tile and an oversized walk-in shower. Two lower-level bedrooms feature 10-foot ceilings and private bathrooms, creating adaptable space for guests, an office, or additional living areas. A tiled rear patio enclosed by a privacy fence extends the home outdoors.
The property is steps from Francisville Playground and Eastern State Penitentiary, with Fairmount Avenue boutiques and restaurants nearby. Whole Foods, the Barnes Foundation, and the Philadelphia Museum of Art are also within easy reach, while Center City is described as a 15-minute walk away.
Key Highlights
- Built in 2022 with three finished levels
- Three bedrooms and three‑and‑a‑half bathrooms
- Two lower‑level bedrooms with 10‑foot ceilings and private baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,934
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,680
$458.7K
Cap Rate 7%
$327,629
$327.6K
Cap Rate 9%
$254,822
$254.8K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$44.3K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$41.7K $28.60/SF
− OpEx
−$18.8K −$12.87/SF
NOI
$22.9K $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%
$458,680
Cap Rate 7%
$327,629
Cap Rate 9%
$254,822
Alternative Uses
Best Use
Apartment 5plus
$327.6K
$286.7K – $382.2K
NOI $22,934 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$355.4K
$311.0K – $414.7K
NOI $24,881 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,748
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condo-style residence with high-end finishes, flexible lower-level rooms, and a private fenced patio.
Where is this residential income property located?
The property is located at 1803 WYLIE STREET Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Built in 2022 with three finished levels; Three bedrooms and three‑and‑a‑half bathrooms; Two lower‑level bedrooms with 10‑foot ceilings and private baths
