Fully Occupied
For Sale
$600,000
Pending
410 N WIOTA STREET, Philadelphia, PA 19104
Two three-bedroom apartments offer distinct layouts, private outdoor areas, and in-unit laundry.
Property Size2,130 SF
Days on Market53
Property Features for 410 N WIOTA STREET
General Information
Standard status
Pending
Size
2,130 SF
Property subtype
Duplex
Occupancy
100%
Building Details
Year Built
2013
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX One Realty - TCDT
(215) 467-2892
Listed By:
Neil P Dessecker · License #RS325498
(215) 241-1156
Source:
Cummingsrealtors
Added: Jul 29
Changed: Sep 18
Last Checked: Sep 18 at 7:11AM
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 RE/MAX One Realty - TCDT
Investment Insights
Based on property information with market context.
Built in 2013, this 2,130-square-foot duplex contains two three-bedroom apartments. The first unit spans the first floor and lower level, with an open kitchen, living, and dining area, a main-level bedroom with an ensuite bath, two lower-level bedrooms, a Jack-and-Jill bathroom, and laundry. A sliding door connects the main living area to a rear patio.
The second unit occupies the second and third floors. Its open main-level living area includes the kitchen, living room, dining space, laundry, and a rear bedroom. Two additional bedrooms are located upstairs, each with a private full bathroom, along with a rear balcony. The property has reported 0% vacancy since Spring 2024, and both tenant leases extend through June 2027.
The duplex is located at 410 N Wiota Street in Philadelphia, near the 40th St. MFL station. Reported Transit, Walk, and Bike Scores are 90, 89, and 99, respectively.
The second unit occupies the second and third floors. Its open main-level living area includes the kitchen, living room, dining space, laundry, and a rear bedroom. Two additional bedrooms are located upstairs, each with a private full bathroom, along with a rear balcony. The property has reported 0% vacancy since Spring 2024, and both tenant leases extend through June 2027.
The duplex is located at 410 N Wiota Street in Philadelphia, near the 40th St. MFL station. Reported Transit, Walk, and Bike Scores are 90, 89, and 99, respectively.
Key Highlights
- Two 3‑bedroom apartments within a 2,130‑square‑foot duplex
- 0% vacancy since Spring 2024
- Current tenant leases renewed through June 2027
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,348
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,960
$727.0K
Cap Rate 7%
$519,257
$519.3K
Cap Rate 9%
$403,867
$403.9K
Market Conditions
NOI Build-Up for 2,130 SF
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.
Gross rent
$55.0K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$51.9K $24.38/SF
− OpEx
−$15.6K −$7.31/SF
NOI
$36.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,960
Cap Rate 7%
$519,257
Cap Rate 9%
$403,867
Alternative Uses
Best Use
Multifamily LT 5
$519.3K
$454.4K – $605.8K
NOI $36,348 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$478.6K
$418.8K – $558.4K
NOI $33,504 @ 7.0% cap · market cap 5.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments offer distinct layouts, private outdoor areas, and in-unit laundry.
Where is this duplex located?
The property is located at 410 N WIOTA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two 3‑bedroom apartments within a 2,130‑square‑foot duplex; 0% vacancy since Spring 2024; Current tenant leases renewed through June 2027
