Renovated Duplex with Two 1BR
6160 Wheeler Street Philadelphia, PA 19142
For Sale
$249,900
Fully renovated duplex with two updated 1-bedroom units, designed for owner-occupants or rental income.
Property Size1,216 SF
Price / SF$205.51
Days on Market69
Property Features for 6160 Wheeler Street
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1925
Listing Agency:
Meller Realty
(267) 666-7756
Listed By:
Maayan Meller
(267) 666-7756
Source:
Compass
Added: May 21
Changed: Jul 10
Last Checked: Jul 28 at 1:57PM
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 Meller Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex features two separate 1-bedroom, 1-bath residential units, each updated with new major systems and finishes. Improvements include new plumbing and electrical service, split-unit heating and air conditioning, roof, windows, doors, insulation, kitchens, bathrooms, and flooring. Each unit also includes a stainless steel appliance package with microwaves.
The property is located in Philadelphia County in the MLS area 19142. It is built and presented under RM1 zoning. The offering includes three electric meters, shared laundry facilities in the basement, and three private, secure storage rooms.
With two independently functioning units, the duplex supports flexible occupancy scenarios, including owner-occupancy with rental income from the second unit. The basement laundry area and dedicated storage rooms provide additional functional space that can help support everyday resident needs. Updated building systems and turnkey interior renovations can make it well-suited for buyers seeking a ready-to-occupy, fully modernized income property.
The property is located in Philadelphia County in the MLS area 19142. It is built and presented under RM1 zoning. The offering includes three electric meters, shared laundry facilities in the basement, and three private, secure storage rooms.
With two independently functioning units, the duplex supports flexible occupancy scenarios, including owner-occupancy with rental income from the second unit. The basement laundry area and dedicated storage rooms provide additional functional space that can help support everyday resident needs. Updated building systems and turnkey interior renovations can make it well-suited for buyers seeking a ready-to-occupy, fully modernized income property.
Key Highlights
- Fully renovated 2‑unit duplex (1925) with two updated 1 bed, 1 bath units
- RM1 zoning—set up for owner‑occupants and investors (house hacking and rental income)
- Updated major systems: new plumbing, electrical service, roof, windows, doors, insulation, kitchens, bathrooms, and flooring
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 | $31.4k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.6k | $24.38 |
| − OpEx | −$8.9k | −$7.31 |
| NOI | $20.8k | $17.06 |
1,216 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 7.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with two updated 1-bedroom units, designed for owner-occupants or rental income.
Where is this duplex located?
The property is located at 6160 Wheeler Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Fully renovated 2‑unit duplex (1925) with two updated 1 bed, 1 bath units; RM1 zoning—set up for owner‑occupants and investors (house hacking and rental income); Updated major systems: new plumbing, electrical service, roof, windows, doors, insulation, kitchens, bathrooms, and flooring
