6160 Wheeler Street, Philadelphia, PA 19142
Fully renovated duplex with two updated 1-bedroom units, designed for owner-occupants or rental income.
- Added:
- Jun 2, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 2:56 am
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 agent Maayan Meller (267) 666-7756
Listing office Meller Realty (267) 666-7756
Listing date Jun 2, 2026
Source Compass
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
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
- Split‑unit heating and air conditioning, plus stainless steel appliance packages in both units
- Shared laundry area in the basement and three private, secure storage rooms
- Three electric meters; 36"+ wide halls for accessibility
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2269989
- Latitude
- 39.9257437
