Well-Maintained Corner
New
For Sale
$879,999
1639 S 22ND STREET, Philadelphia, PA 19145
Corner 4-unit quadplex with private entry bi-level units and rooftop decks, built in 2015.
Days on Market2
Property Features for 1639 S 22ND STREET
General Information
Standard status
Active
Property subtype
Quadruplex
Amenities
private rooftop decks
private entry
Building Details
Building Size
3,321 SF
Year Built
2015
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(484) 554-9188
Listed By:
Harkeet S Chadha · License #AB069009
(484) 554-9188
Source:
Patmckennarealtors
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 8:14AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained corner quadplex was built in 2015 and includes four bi-level residential units. The mix consists of two 1BR/1.5BA units and two 2BR/1.5BA units, each with a private entry. Units also feature private rooftop decks, providing an additional outdoor space for residents.
The property is located on a bus route and offers accessible transportation for tenants. It is also convenient to UPenn, CHOP, Center City, and Rittenhouse Square, supporting strong day-to-day connectivity for the surrounding area.
Designed for simple ownership, the building’s four separate private entries help provide a more self-contained layout across the unit mix.
The property is located on a bus route and offers accessible transportation for tenants. It is also convenient to UPenn, CHOP, Center City, and Rittenhouse Square, supporting strong day-to-day connectivity for the surrounding area.
Designed for simple ownership, the building’s four separate private entries help provide a more self-contained layout across the unit mix.
Key Highlights
- Built in 2015 corner quadplex
- Four bi‑level units with private entries
- Two 1BR/1.5BA and two 2BR/1.5BA units
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 | $85.7k | $25.80 |
| − Vacancy | −$4.7k | −$1.42 |
| EGI | $81.0k | $24.38 |
| − OpEx | −$24.3k | −$7.31 |
| NOI | $56.7k | $17.06 |
3,321 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$809.6K
$708.4K – $944.6K
NOI $56,673 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$746.3K
$653.0K – $870.6K
NOI $52,238 @ 7.0% cap · market cap 5.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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?
Quadplex - Corner 4-unit quadplex with private entry bi-level units and rooftop decks, built in 2015.
Where is this quadplex located?
The property is located at 1639 S 22ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $879,999.
What are key features of this property?
This property features: Built in 2015 corner quadplex; Four bi‑level units with private entries; Two 1BR/1.5BA and two 2BR/1.5BA units
