Renovated Duplex With
3322 Wellington Street Philadelphia, PA 19149
For Sale
$360,000
Pending
Turn-key renovated duplex with two units, including a finished basement and updated bathroom finishes.
Property Size1,656 SF
Days on Market106
Property Features for 3322 Wellington Street
General Information
- Standard status
- Pending
- Size
- 1,656 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing Agency:
HK99 Realty LLC
(215) 454-0308
Listed By:
Andy Wang · License #RS345191
(215) 454-0308
Source:
Compass
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 10:53AM
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 HK99 Realty LLC
Investment Insights
Based on property information with market context.
This turn-key duplex includes two residential units with distinct layouts. The first-floor unit offers one bedroom and two bathrooms, with an entirely finished basement providing additional finished living space. Interior finishes include ceramic tile flooring in the living area and vinyl flooring in the bedroom.
The second-floor unit features two bedrooms and one bathroom, with updated ceramic tile finishes throughout the bathroom walls and shower area.
The building is currently occupied and was renovated in recent years, offering an investor or owner-occupant the convenience of move-in readiness with rental income potential.
The second-floor unit features two bedrooms and one bathroom, with updated ceramic tile finishes throughout the bathroom walls and shower area.
The building is currently occupied and was renovated in recent years, offering an investor or owner-occupant the convenience of move-in readiness with rental income potential.
Key Highlights
- Two‑unit duplex built in 1950, occupied and suitable for investors or owner‑occupants seeking rental income
- First‑floor unit: 1 bed, 2 baths, with an entirely finished basement for additional living space
- Second‑floor unit: 2 bedrooms and 1 bathroom
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 | $34.8k | $21.00 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $33.7k | $20.34 |
| − OpEx | −$10.1k | −$6.10 |
| NOI | $23.6k | $14.24 |
1,656 SF · lease $21.00/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$3.17M
$2.77M – $3.70M
NOI $221,947 @ 7.0% cap · market cap 61.65%
Second Best
Multifamily LT 5
$336.9K
$294.8K – $393.0K
NOI $23,581 @ 7.0% cap · market cap 6.55%
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
Duplexes
FAQs
What type of property is this?
Duplex - Turn-key renovated duplex with two units, including a finished basement and updated bathroom finishes.
Where is this duplex located?
The property is located at 3322 Wellington Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1950, occupied and suitable for investors or owner‑occupants seeking rental income; First‑floor unit: 1 bed, 2 baths, with an entirely finished basement for additional living space; Second‑floor unit: 2 bedrooms and 1 bathroom
