Mixed-Use Income
3258 Wellington Street Philadelphia, PA 19149
3258 Wellington Street, Philadelphia, PA, 19149
$499,900
For Sale
$499,900
Property combines one commercial unit with two 2-bedroom apartments, offered for sale AS IS.
Property Size2,204 SF
Price / SF$226.81
Days on Market119
Property Features for 3258 Wellington Street
General Information
- Standard status
- Active
- Size
- 2,204 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agency
Legacy Landmark Realty LLC
(267) 616-2774
Listed by
Gaofeng Chen · License #RS344394
(267) 616-2774
Source
Compass
Added: Mar 26 Updated: Jul 22 at 4:24PM Checked: Jul 22 at 4:24PM
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 Legacy Landmark Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes one commercial unit and two separate 2-bedroom apartments. It is being sold “AS IS,” and the owner has rarely lived in the property.
The property is described as very centrally located, with two supermarkets nearby and close proximity to schools.
As configured, the building provides both commercial and residential income components under one ownership, with the residential portion consisting of two 2-bedroom units.
The property is described as very centrally located, with two supermarkets nearby and close proximity to schools.
As configured, the building provides both commercial and residential income components under one ownership, with the residential portion consisting of two 2-bedroom units.
Key Highlights
- Includes 1 commercial unit and 2 separate 2‑bedroom apartments
- Year built: 1950
- Offered for sale "AS IS"
Local Financial Insights For Multifamily LT 5
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 | $46.3k | $21.00 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $44.8k | $20.34 |
| − OpEx | −$13.5k | −$6.10 |
| NOI | $31.4k | $14.24 |
2,204 SF · lease $21.00/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$4.22M
$3.69M – $4.92M
NOI $295,394 @ 7.0% cap · market cap 59.09%
Second Best
Multifamily LT 5
$448.4K
$392.3K – $523.1K
NOI $31,385 @ 7.0% cap · market cap 6.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gm Beauty Aesthetics
Physician
CMS Builders Inc
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Property combines one commercial unit with two 2-bedroom apartments, offered for sale AS IS.
Where is this duplex located?
The property is located at 3258 Wellington Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Includes 1 commercial unit and 2 separate 2‑bedroom apartments; Year built: 1950; Offered for sale "AS IS"
