Renovated Duplex With
For Sale
$249,000
6160 WHEELER STREET, Philadelphia, PA 19142
RM1-zoned duplex with updated systems, shared laundry, and private basement storage rooms.
Property Size1,216 SF
Days on Market63
Property Features for 6160 WHEELER STREET
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Duplex
Zoning
RM1
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,535
Amenities
shared laundry
private storage rooms
Building Details
Building Size
1,216 SF
Year Built
1925
Buildings
1
Listing Agency:
Meller Realty
(267) 666-7756
Listed By:
Maayan Meller
(267) 666-7756
Source:
Patmckennarealtors
Added: Jun 3
Changed: Aug 4
Last Checked: Aug 4 at 3:46AM
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.
Built in 1925, this duplex contains two renovated residential units, each configured with one bedroom and one bathroom. Improvements include updated plumbing, electrical service, split-unit heating and air conditioning, roof, windows, doors, insulation, kitchens, bathrooms, and flooring. Stainless steel appliance packages, including microwaves, are included in both units, along with contemporary bathroom finishes.
The basement provides shared laundry facilities and three private, secure storage rooms that may support additional rental income. The property has three electric meters and RM1 zoning. Public transportation is nearby, with trolley service located around the corner. The address is 6160 Wheeler Street in Philadelphia, Pennsylvania 19142.
The basement provides shared laundry facilities and three private, secure storage rooms that may support additional rental income. The property has three electric meters and RM1 zoning. Public transportation is nearby, with trolley service located around the corner. The address is 6160 Wheeler Street in Philadelphia, Pennsylvania 19142.
Key Highlights
- Two renovated 1‑bedroom, 1‑bathroom residential units
- RM1 zoning with three electric meters
- Updated plumbing, electrical service, HVAC, roof, windows, 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 8.33%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 7.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,230
Businesses Nearby
Explore this area
Business Placement
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
Median Home Value
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 - RM1-zoned duplex with updated systems, shared laundry, and private basement storage rooms.
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 $249,000.
What are key features of this property?
This property features: Two renovated 1‑bedroom, 1‑bathroom residential units; RM1 zoning with three electric meters; Updated plumbing, electrical service, HVAC, roof, windows, kitchens, bathrooms, and flooring
