11-Unit Multifamily Apartment Building

3022 Richmond St, Philadelphia, PA 19134

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For Sale

$1,350,000

Two side-by-side buildings offer consistent one-bedroom, one-bathroom rental units in Philadelphia’s Port Richmond.

Type:Multifamily

HighLights

11‑unit multifamily investment comprising two side‑by‑side buildings at 3022–3024 Richmond Street in Philadelphia’s Port Richmond neighborhood
All units are 1‑bedroom, 1‑bathroom rentals
Value‑add upside noted through light unit renovations and interior improvements
Approximately 10% organic rent growth reported from in‑place fundamentals
Property is positioned along the Richmond Street corridor with nearby retail and dining
6.74% listed (investment metric provided in remarks)

We can help!

Listing Contact

Vince Peruto

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For Sale

$1,350,000

Two side-by-side buildings offer consistent one-bedroom, one-bathroom rental units in Philadelphia’s Port Richmond.

Type:Multifamily

Added:: Jun 9, 2026
Days on Market:: 8
Last Refresh:: Jun 11 at 2:49 am

Property Features for 3022 Richmond St

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Vince Peruto

Listing agent Vince Peruto License #License(s): PA: RS355924

Listing office Philadelphia Office

Listing date Jun 9, 2026

Source Marcusmillichap

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 Philadelphia Office

HighLights

11‑unit multifamily investment comprising two side‑by‑side buildings at 3022–3024 Richmond Street in Philadelphia’s Port Richmond neighborhood
All units are 1‑bedroom, 1‑bathroom rentals
Value‑add upside noted through light unit renovations and interior improvements
Approximately 10% organic rent growth reported from in‑place fundamentals
Property is positioned along the Richmond Street corridor with nearby retail and dining
6.74% listed (investment metric provided in remarks)

Overview

This offering features an 11-unit multifamily property composed of two side-by-side buildings. The unit mix is entirely one-bedroom, one-bathroom layouts, providing a consistent configuration across the portfolio. As described, the asset is positioned to support efficient leasing and tenant turnover management, with opportunities noted for light unit renovations and interior improvements.

The property is located along the Richmond Street corridor in the Port Richmond neighborhood of Philadelphia, Pennsylvania. The area is characterized by boutique commercial establishments lining Richmond Street. The broader neighborhood is also described as being anchored by Lehigh Avenue, Aramingo Avenue, and Frankford Avenue, with Frankford Avenue noted for a hospitality corridor. Additional location benefits cited include direct access to Interstate 95 and proximity to the Delaware River waterfront at General Pulaski Park.

For investors and operators seeking a straightforward multifamily with a uniform 1 bed/1 bath rental profile, this asset offers a practical, repeatable unit type. The public remarks also note approximately 10 percent organic rent growth, alongside renovation-driven opportunities through interior updates, supporting consideration for buyers focused on maintaining and improving in-place residential income.

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Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1054306
Latitude: 39.9811809

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For sale
Apartment buildings
PA
Philadelphia
19134
3022 Richmond St

What type of property is this?

Apartment building - Two side-by-side buildings offer consistent one-bedroom, one-bathroom rental units in Philadelphia’s Port Richmond.

Where is this apartment building located?

The property is located at 3022 Richmond St Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 11‑unit multifamily investment comprising two side‑by‑side buildings at 3022–3024 Richmond Street in Philadelphia’s Port Richmond neighborhood; All units are 1‑bedroom, 1‑bathroom rentals; Value‑add upside noted through light unit renovations and interior improvements