Two-Unit Duplex with
For Sale
$300,000
3532-34 WELLINGTON Street, Philadelphia, PA 19149
Multi-Family, PHILADELPHIA, PA
Property Size1,088 SF
Lot Size0.07 Acres
Price / SF$275.74
Days on Market70
Property Features for 3532-34 WELLINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
2
Parking features
Off Street, Driveway, Garage - Attached
Interior features
Combination Dining/Living, Wood Floors
Subdivision
MAYFAIR
Elementary school
FORREST EDWIN
Middle school
NORTHEAST COMMUNITY PROPEL ACADEMY
High school
LINCOLN ABRAHAM
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,088 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3636
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1945
Number of units
2
Building materials
Masonry
Architectural style
Tudor
Listing Agency:
McCarthy Real Estate
(215) 867-4511
Listed By:
Joe McCarthy · License #RS307205
(267) 228-3950
Added: Aug 11
Changed: Oct 19
Last Checked: Oct 19 at 4:06AM
MLS# PAPH2655478
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.
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Investment Insights
Based on property information with market context.
This 1,088-square-foot masonry duplex, built in 1945, has one vacant residence and one tenant-occupied residence on a month-to-month basis. The vacant first-floor unit has a refreshed interior, an updated full bath, and a modern kitchen. Wood flooring and a combination dining and living area are among the interior features. The property also includes an attached garage, rear driveway parking, and a gated side yard. Window-unit cooling is provided.
Public transportation is nearby, with the Tacony train stop on the Trenton Line among the available connections. Frankford Avenue shops and restaurants, Mayfair Park, and Pennypack Park are also in the surrounding area. I-95 provides a route toward Center City, while New Jersey is accessible by way of the interstate network.
Public transportation is nearby, with the Tacony train stop on the Trenton Line among the available connections. Frankford Avenue shops and restaurants, Mayfair Park, and Pennypack Park are also in the surrounding area. I-95 provides a route toward Center City, while New Jersey is accessible by way of the interstate network.
Key Highlights
- Two‑unit duplex with 1,088 square feet
- One unit is vacant; the other is tenant‑occupied month to month
- Vacant first‑floor residence has an updated full bath and modern kitchen
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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Current Use
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 - One residence is vacant, while the second is occupied on a month-to-month basis.
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: Two‑unit duplex with 1,088 square feet; One unit is vacant; the other is tenant‑occupied month to month; Vacant first‑floor residence has an updated full bath and modern kitchen
