Triplex with Rooftop
For Sale
$892,000
1702 S 22ND Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size4,000 SF
Lot Size0.02 Acres
Price / SF$223
Days on Market245
Property Features for 1702 S 22ND Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
Combination Dining/Living
Appliances
Built-In Microwave, Built-In Range, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
4,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
6118
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
rooftop deck
yard
in-unit washer/dryer
Building Details
Year built
2024
Number of units
3
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Frank Altamuro · License #RS297004
(215) 495-2348
Added: Feb 27
Changed: Oct 13
Last Checked: Oct 30 at 12:06PM
MLS# PAPH2587390
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.
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Investment Insights
Based on property information with market context.
This 2024-built masonry triplex contains 4,000 square feet across three residences on a 0.0242-acre lot. Contemporary interiors feature hardwood floors, abundant natural light, stainless steel appliances, and quartz kitchen finishes. The first unit has an open living and kitchen area, multiple living spaces, two full bathrooms, and a rear bedroom opening to a yard. The second and third units each have two bedrooms, two full bathrooms with an en-suite, and stackable washer and dryer appliances; the third also has a private rooftop deck. Central air and forced-air heat serve the property. One unit is currently rented, and an estimated nine years remain on the tax abatement.
The property is described as a few blocks from the Broad Street Line, with Center City, the sports district, restaurants, major highways, and bridges also cited nearby. On-street parking is available.
The property is described as a few blocks from the Broad Street Line, with Center City, the sports district, restaurants, major highways, and bridges also cited nearby. On-street parking is available.
Key Highlights
- Three‑unit masonry property built in 2024 with 4,000 square feet
- Lot area: 0.0242 acres
- Estimated 9 years remaining on the tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,260
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,200
$1.4M
Cap Rate 7%
$975,143
$975.1K
Cap Rate 9%
$758,444
$758.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$103.2K $25.80/SF
− Vacancy
−$5.7K −$1.42/SF
EGI
$97.5K $24.38/SF
− OpEx
−$29.3K −$7.31/SF
NOI
$68.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,200
Cap Rate 7%
$975,143
Cap Rate 9%
$758,444
Alternative Uses
Best Use
Multifamily LT 5
$975.1K
$853.3K – $1.14M
NOI $68,260 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$898.8K
$786.5K – $1.05M
NOI $62,918 @ 7.0% cap · market cap 7.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer modern kitchens, while two include stackable laundry appliances and en-suite bedrooms.
Where is this triplex located?
The property is located at 1702 S 22ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $892,000.
What are key features of this property?
This property features: Three‑unit masonry property built in 2024 with 4,000 square feet; Lot area: 0.0242 acres; Estimated 9 years remaining on the tax abatement
