Updated Duplex with Central
New
For Sale
$385,000
1942 WOLF Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,422 SF
Lot Size0.02 Acres
Price / SF$270.75
Days on Market1
Property Features for 1942 WOLF Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Appliances
Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Washer
Subdivision
GIRARD ESTATES
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,422 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5114
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
laundry
dishwasher
central air
basement
yard
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Antonella Dominijanni · License #RS309861
(215) 500-8000
Added: Sep 14
Last Checked: Sep 14 at 9:06PM
MLS# PAPH2670380
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 1,422-square-foot duplex contains two residential units, each with a spacious bedroom, a large laundry room that can also function as a walk-in closet, full-size kitchen appliances, in-unit laundry, and central air. Separate mechanical systems serve the units. The property has masonry construction and includes a basement, while the first-floor unit also provides access to the yard.
The units were renovated in 2008, and the roof is approximately 1–2 years old. Located at 1942 WOLF Street in Philadelphia, the property sits within ZIP Code 19145 and includes a dishwasher, washer, dryer, refrigerator, and gas oven/range.
The units were renovated in 2008, and the roof is approximately 1–2 years old. Located at 1942 WOLF Street in Philadelphia, the property sits within ZIP Code 19145 and includes a dishwasher, washer, dryer, refrigerator, and gas oven/range.
Key Highlights
- Two‑unit duplex measuring 1,422 square feet
- Separate mechanical systems for each unit
- Units renovated in 2008
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
$24,266
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
6.30%
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%
$485,320
$485.3K
Cap Rate 7%
$346,657
$346.7K
Cap Rate 9%
$269,622
$269.6K
Market Conditions
NOI Build-Up for 1,422 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
$36.7K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.7K $24.38/SF
− OpEx
−$10.4K −$7.31/SF
NOI
$24.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$485,320
Cap Rate 7%
$346,657
Cap Rate 9%
$269,622
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.3K – $404.4K
NOI $24,266 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 5.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,186
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit masonry property with separate systems, in-unit laundry, full kitchen appliances, and basement and yard access on the first floor.
Where is this duplex located?
The property is located at 1942 WOLF Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex measuring 1,422 square feet; Separate mechanical systems for each unit; Units renovated in 2008
