Renovated
2655 WILDER STREET, Philadelphia, PA 19146
For Sale
New
$825,000
Philadelphia property combines a PHA-assisted rental unit with a second unit used for short-term stays.
Property Size3,063 SF
Price / SF$269.34
Days on Market3
Property Features for 2655 WILDER STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
KW Empower
Listed By:
Torri J Green · License PA RS331675
(267) 886-0719
Source:
Patmckennarealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:32PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This Philadelphia duplex contains 3,063 square feet of finished area and was built in 1925. The recently renovated property has two distinct rental arrangements: one unit is associated with a PHA-assisted tenancy, while the other is being used for short-term lodging. A nine-year tax abatement is also noted for the property.
The building is in the Grays Ferry neighborhood. The PHA-assisted rental arrangement is subject to program requirements and approval; the other unit may also offer the option of owner occupancy.
The building is in the Grays Ferry neighborhood. The PHA-assisted rental arrangement is subject to program requirements and approval; the other unit may also offer the option of owner occupancy.
Key Highlights
- 3,063 square feet of finished area
- Two units: one with a PHA‑assisted rental arrangement and one used for short‑term stays
- Nine‑year tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,270
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,400
$1.0M
Cap Rate 7%
$746,714
$746.7K
Cap Rate 9%
$580,778
$580.8K
Market Conditions
NOI Build-Up for 3,063 SF
Gross rent
$79.0K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$74.7K $24.38/SF
− OpEx
−$22.4K −$7.31/SF
NOI
$52.3K $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 Rate 5%
$1,045,400
Cap Rate 7%
$746,714
Cap Rate 9%
$580,778
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.4K – $871.2K
NOI $52,270 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$688.3K
$602.3K – $803.0K
NOI $48,180 @ 7.0% cap · market cap 5.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Philadelphia property combines a PHA-assisted rental unit with a second unit used for short-term stays.
Where is this duplex located?
The property is located at 2655 WILDER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,063 square feet of finished area; Two units: one with a PHA‑assisted rental arrangement and one used for short‑term stays; Nine‑year tax abatement
