Updated Corner
For Sale
$379,900
9000 WESLEYAN ROAD, Philadelphia, PA 19136
Brick two-unit property with separate heating and hot water systems, basement laundry, storage, and a rear-entry garage.
Property Size1,660 SF
Price / SF$228.86
Days on Market27
Property Features for 9000 WESLEYAN ROAD
General Information
Standard status
Active
Size
1,660 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
partially fenced yard
basement storage
on-site laundry
Building Details
Year Built
1955
Buildings
1
Construction
brick
Listing Agency:
Re/Max One Realty
Listed By:
Stephen Matlack · License #RS151604A
(215) 953-8800
Source:
Cummingsrealtors
Added: Aug 11
Changed: Sep 6
Last Checked: Sep 6 at 7:14AM
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
Investment Insights
Based on property information with market context.
This 1,660-square-foot duplex is an end-row corner property built in 1955. Both units have been updated with newer kitchens, fresh paint, carpeting, and blinds. The all-brick building includes replacement windows throughout, while the basement provides storage and two washer-and-dryer sets, with one set designated for each unit.
Each unit has its own gas heater and domestic hot water tank. The property is currently vacant, and the rear-entry garage accommodates two cars; the garage is also rented separately. A partially fenced yard adds outdoor space to the corner lot. The property is located at 9000 Wesleyan Road in Philadelphia, Pennsylvania 19136.
Each unit has its own gas heater and domestic hot water tank. The property is currently vacant, and the rear-entry garage accommodates two cars; the garage is also rented separately. A partially fenced yard adds outdoor space to the corner lot. The property is located at 9000 Wesleyan Road in Philadelphia, Pennsylvania 19136.
Key Highlights
- 1,660 SF end‑row corner duplex
- Two updated kitchens with fresh paint, carpeting, and blinds
- All‑brick construction with replacement windows throughout
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
$28,328
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
7.46%
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%
$566,560
$566.6K
Cap Rate 7%
$404,686
$404.7K
Cap Rate 9%
$314,756
$314.8K
Market Conditions
NOI Build-Up for 1,660 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
$42.8K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$40.5K $24.38/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$28.3K $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%
$566,560
Cap Rate 7%
$404,686
Cap Rate 9%
$314,756
Alternative Uses
Best Use
Multifamily LT 5
$404.7K
$354.1K – $472.1K
NOI $28,328 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,111 @ 7.0% cap · market cap 6.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-unit property with separate heating and hot water systems, basement laundry, storage, and a rear-entry garage.
Where is this duplex located?
The property is located at 9000 WESLEYAN ROAD Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,660 SF end‑row corner duplex; Two updated kitchens with fresh paint, carpeting, and blinds; All‑brick construction with replacement windows throughout
