2032 S 22ND Street Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 2032 S 22ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,550 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3348
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Kevin Le License #RS349630 (267) 918-5234
Listing office Realty Mark Associates 1500 John F Kennedy Boulevard unit: 1510, Southampton, PA (215) 376-4444
Listing date Jul 15, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
According to the listing, the property is legally zoned RM1 and was extensively remodeled in 2024 with city-approved permits. The home is located in the West Passyunk/Girard Estate area of South Philadelphia and is described as being near the Passyunk Avenue commercial corridor, the Broad Street Line subway, and local parks, with transit access to Center City and other regional destinations.
Each unit is configured with in-unit laundry, and the property provides outdoor space via the private rear area tied to the first unit, along with basement storage for added functionality.
Key Highlights
- Legally zoned RM1 duplex in South Philadelphia’s West Passyunk/Girard Estate area
- Extensively remodeled in 2024 with City‑approved permits, including new plumbing, electrical, sheetrock, and insulation
- Unit 1 is tenant‑occupied at $1,500/month; tenants pay all utilities; 2 bed/1 bath with new kitchen appliances and updated bathroom
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 | $40.0k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $37.8k | $24.38 |
| − OpEx | −$11.3k | −$7.31 |
| NOI | $26.5k | $17.06 |
