Two-Bedroom Condo with Private
For Sale
$317,000
1817 WYLIE STREET Unit B, Philadelphia, PA 19130
Move-in ready Francisville condo with an open living area, gas fireplace, in-unit laundry, and a private deck.
Property Size819 SF
Days on Market106
Property Features for 1817 WYLIE STREET Unit B
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,745
Amenities
in-unit laundry
private deck
intercom
Building Details
Building Size
819 SF
Year Built
2015
Listing Agency:
RE/MAX Ready
Listed By:
Ben Finelli · License #RS334157
(267) 853-8823
Source:
Patmckennarealtors
Added: Jun 8
Changed: Sep 17
Last Checked: Sep 21 at 7:28AM
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
Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condo (Unit B) was built in 2015 and is set up for day-to-day comfort. The open living and dining area includes hardwood floors, recessed lighting, and a gas fireplace with a stone mantle. The kitchen features white shaker cabinets, a tile backsplash, stainless steel appliances, pendant lighting, and a breakfast bar island. Both bedrooms offer ceiling fans, generous closet space, and abundant natural light. The full bath includes tiled floors and a tiled shower. Additional in-unit conveniences include laundry and added security via intercom. A private deck provides outdoor space for grilling and entertaining.
A brand new HVAC system was installed in 2025. The home is steps from Francisville Playground, and near Fairmount Avenue’s dining and shopping, Whole Foods, Fairmount Park, and the Philadelphia Museum of Art. Center City is about a 15-minute walk away. Low condo fees cover building insurance, water, and sewer.
A brand new HVAC system was installed in 2025. The home is steps from Francisville Playground, and near Fairmount Avenue’s dining and shopping, Whole Foods, Fairmount Park, and the Philadelphia Museum of Art. Center City is about a 15-minute walk away. Low condo fees cover building insurance, water, and sewer.
Key Highlights
- Two‑bedroom, one‑bath condo (Unit B) built in 2015
- Brand new HVAC system installed in 2025
- Open living and dining area with hardwood floors, recessed lighting, and a gas fireplace with stone mantle
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,882
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$257,640
$257.6K
Cap Rate 7%
$184,029
$184.0K
Cap Rate 9%
$143,133
$143.1K
Market Conditions
NOI Build-Up for 819 SF
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.
Gross rent
$24.9K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.4K $28.60/SF
− OpEx
−$10.5K −$12.87/SF
NOI
$12.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$257,640
Cap Rate 7%
$184,029
Cap Rate 9%
$143,133
Alternative Uses
Best Use
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,882 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$199.7K
$174.7K – $232.9K
NOI $13,976 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,748
Businesses Nearby
Explore this area
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 - Move-in ready Francisville condo with an open living area, gas fireplace, in-unit laundry, and a private deck.
Where is this residential income property located?
The property is located at 1817 WYLIE STREET Unit B Philadelphia, PA.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condo (Unit B) built in 2015; Brand new HVAC system installed in 2025; Open living and dining area with hardwood floors, recessed lighting, and a gas fireplace with stone mantle
