End-Unit Duplex with
For Sale
$300,000
3532-34 WELLINGTON STREET, Philadelphia, PA 19149
Two-level duplex with a vacant lower unit, month-to-month occupancy upstairs, and convenient access to transit and shopping.
Property Size1,088 SF
Price / SF$275.74
Days on Market73
Property Features for 3532-34 WELLINGTON STREET
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
driveway parking
garage
gated side yard
Building Details
Year Built
1945
Listing Agency:
McCarthy Real Estate
(215) 867-4511
Listed By:
Joe McCarthy · License #RS307205
(267) 228-3950
Source:
Cummingsrealtors
Added: Aug 11
Changed: Oct 21
Last Checked: Oct 20 at 10:11PM
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 McCarthy Real Estate
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Investment Insights
Based on property information with market context.
This 1,088-square-foot duplex, built in 1945, offers separate first- and second-floor living spaces. The lower unit is vacant, freshly painted, and includes an updated full bath and modern kitchen. The upper unit is occupied on a month-to-month basis, creating a flexible configuration for an owner-occupant or investor. The property also includes a rear driveway, garage, and gated side yard with room for a garden.
Located on Wellington Street in Philadelphia, the duplex is approximately one-half block from public transportation and near shopping and dining along Frankford Avenue. Mayfair Park and Pennypack Park are nearby, while the Tacony train stop provides access to the Trenton Line. I-95 offers regional connectivity, including routes toward Center City and New York.
Located on Wellington Street in Philadelphia, the duplex is approximately one-half block from public transportation and near shopping and dining along Frankford Avenue. Mayfair Park and Pennypack Park are nearby, while the Tacony train stop provides access to the Trenton Line. I-95 offers regional connectivity, including routes toward Center City and New York.
Key Highlights
- 1,088‑square‑foot duplex built in 1945
- Vacant first‑floor unit is freshly painted
- Updated full bath and modern kitchen in the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,493
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,860
$309.9K
Cap Rate 7%
$221,329
$221.3K
Cap Rate 9%
$172,144
$172.1K
Market Conditions
NOI Build-Up for 1,088 SF
Gross rent
$22.8K $21.00/SF
− Vacancy
−$715 −$0.66/SF
EGI
$22.1K $20.34/SF
− OpEx
−$6.6K −$6.10/SF
NOI
$15.5K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,860
Cap Rate 7%
$221,329
Cap Rate 9%
$172,144
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,821 @ 7.0% cap · market cap 48.61%
Second Best
Multifamily LT 5
$221.3K
$193.7K – $258.2K
NOI $15,493 @ 7.0% cap · market cap 5.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with a vacant lower unit, month-to-month occupancy upstairs, and convenient access to transit and shopping.
Where is this duplex located?
The property is located at 3532-34 WELLINGTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,088‑square‑foot duplex built in 1945; Vacant first‑floor unit is freshly painted; Updated full bath and modern kitchen in the lower unit
