Five-Home Multifamily
For Sale
$999,999
Pending
115 West Thompson Street, Philadelphia, PA 19122
Updated side-by-side townhomes with separate entrances, shared outdoor space, and individual two-bedroom layouts.
Property Size3,308 SF
Days on Market326
Property Features for 115 West Thompson Street
General Information
Standard status
Pending
Size
3,308 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,994
Amenities
Washer/Dryer Hookups Only
Ceiling Fan(s)
No Pool
Sidewalks, Street Lights
Building Details
Year Built
1920
Buildings
5
Stories
3
Construction
trinity
Listing Agency:
KW Empower
Listed By:
Marc Bennett · License #RS337435
(609) 774-6936
Source:
Compass
Added: Dec 1, 2025
Changed: Oct 16
Last Checked: Oct 20 at 11:28PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This multifamily package includes five side-by-side, three-story trinity townhomes conveyed on one deed. Combined property size is 3,308 SF, with each residence offering two bedrooms, one full bathroom, a separate entrance, and an updated interior. Ground-floor layouts include open living and dining areas with full kitchens equipped with appliances, large sinks, and cabinetry. Newer windows provide natural light throughout the homes, while washer/dryer hookups and ceiling fans are included. The residences were built in 1920 and are situated on a separate shared lot.
The property is located at 115 West Thompson Street in Philadelphia’s Fishtown/Old Kensington area, within ZIP code 19122. Coffee shops, pubs, restaurants, and public transportation are identified in the surrounding area. The property carries RSA5 zoning and has one water meter serving all five buildings; each building has its own BRT number.
The property is located at 115 West Thompson Street in Philadelphia’s Fishtown/Old Kensington area, within ZIP code 19122. Coffee shops, pubs, restaurants, and public transportation are identified in the surrounding area. The property carries RSA5 zoning and has one water meter serving all five buildings; each building has its own BRT number.
Key Highlights
- Five side‑by‑side, three‑story townhomes on one deed
- 3,308 SF multifamily property with five separate residences
- Each home includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,033
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,660
$1.0M
Cap Rate 7%
$743,329
$743.3K
Cap Rate 9%
$578,144
$578.1K
Market Conditions
NOI Build-Up for 3,308 SF
Gross rent
$100.4K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$94.6K $28.60/SF
− OpEx
−$42.6K −$12.87/SF
NOI
$52.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,660
Cap Rate 7%
$743,329
Cap Rate 9%
$578,144
Alternative Uses
Best Use
Apartment 5plus
$743.3K
$650.4K – $867.2K
NOI $52,033 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$806.4K
$705.6K – $940.9K
NOI $56,451 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated side-by-side townhomes with separate entrances, shared outdoor space, and individual two-bedroom layouts.
Where is this multifamily property located?
The property is located at 115 West Thompson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Five side‑by‑side, three‑story townhomes on one deed; 3,308 SF multifamily property with five separate residences; Each home includes 2 bedrooms and 1 full bathroom
