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16-Unit Apartment Building
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262 S 21st St, Philadelphia, PA 19103

Four-story walkup with studio, one-bedroom, and two-bedroom apartments in Philadelphia’s Rittenhouse neighborhood.

Property SizeContact for details
Days on Market144

Property Features for 262 S 21st St

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence deferred maintenance

Additional Details

Average Monthly Rent $1,382
Multifamily Units 16

Building Details

Stories 4
Listing Agency: JLL Philadelphia
Listed By: Tyler Margraf · License #PA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:25AM

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 JLL Philadelphia

Investment Insights

Based on property information with market context.

This four-story walkup contains 16 apartment units, including studios, one-bedroom apartments, and two-bedroom apartments. Four units have been renovated, while the remaining 12 units provide an opportunity for additional improvements. Completed work includes kitchen and bathroom upgrades, deferred-maintenance projects, electric baseboard heating in some apartments, and select roof and exterior enhancements.

Renovated apartments feature stainless steel appliances, hardwood flooring, shaker-style cabinetry, Quartz countertops, ample closet space, and vaulted ceilings. The property is located in Philadelphia’s Rittenhouse neighborhood within Center City, with shopping, dining, and nightlife accessible from the surrounding area.

Key Highlights

  • 16‑unit apartment building with studio, one‑bedroom, and two‑bedroom layouts
  • Four‑story walkup configuration
  • 4 of 16 units renovated; 12 units remain unrenovated

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Tanning Salon Clothing & Fashion Store Tattoo & Piercing Shop Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

16,339
Businesses Nearby

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story walkup with studio, one-bedroom, and two-bedroom apartments in Philadelphia’s Rittenhouse neighborhood.
Where is this apartment building located?
The property is located at 262 S 21st St Philadelphia, PA.
What are key features of this property?
This property features: 16‑unit apartment building with studio, one‑bedroom, and two‑bedroom layouts; Four‑story walkup configuration; 4 of 16 units renovated; 12 units remain unrenovated
(215) 988-5500 Call to check price and availability
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