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New Triplex in Point Breeze

1702 S 22ND Street Philadelphia, PA 19145

1702 S 22ND Street, Philadelphia, PA, 19145

$899,000

For Sale

$899,000

MULTI_FAMILY - Contemporary - PHILADELPHIA, PA

Property Size4,000 SF

Lot Size0.02 Acres

Price / SF$224.75

AddedFeb 27

Days on Market138

Last RefreshJul 15 at 8:06 am

Property Features for 1702 S 22ND Street

General Information

Property type: Residential Multi Family
Property subtype: Other
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
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

Building Details

Year built: 2024
Number of units: 3
Building materials: Masonry
Architectural style: Contemporary

Listing agent Frank Altamuro License #RS297004

Listing office Coldwell Banker Realty 325 Chestnut Street unit: 1300, Plymouth Meeting, PA

Listing date Feb 27, 2026

MLS# PAPH2587390 Listing URL

Investment Insights

Based on property information with market context.

This brand-new construction triplex is located in the Point Breeze neighborhood. The property features three designed units with modern finishes, hardwood flooring, and natural light. Unit One, currently rented, includes an open-concept living and kitchen area with stainless steel appliances, white cabinets, quartz countertops, and a backsplash. It also features two first-floor bedrooms, a rear bedroom that opens to a spacious yard, a lower-level bedroom or flex space, and two full bathrooms. Unit Two has two bedrooms, two full bathrooms including a master en suite, a kitchen with stainless steel appliances and quartz finishes, and a stackable washer/dryer. Additional breezeway windows enhance sunlight. Unit Three includes two bedrooms with a master en suite, a modern kitchen, a stackable washer/dryer, and a private rooftop deck with views. All units include microwaves, refrigerators, and electric stoves. The property is located blocks from the Broad Street Line and close to Center City, the sports district, restaurants, major highways, and bridges. The property is situated on a lot of 0.0242 acres and the property size is 4000 square feet. The property is suitable for investors seeking rental income, owner-occupants, or multi-generational living. The property has an estimate of 9 years left on the tax abatement.

Key Highlights

Many years (estimate 9) remaining on the tax abatement.
Brand new construction triplex with three modern units.
Each unit features modern kitchens with stainless steel appliances and quartz countertops.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$103.2k	$25.80
− Vacancy	−$5.7k	−$1.42
EGI	$97.5k	$24.38
− OpEx	−$29.3k	−$7.31
NOI	$68.3k	$17.06

4,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$975.1K

$853.3K – $1.14M (±1% cap)

NOI $68,260 @ 7.0% cap · market cap 7.59%

Second Best

Apartment 5plus

$898.8K

$786.5K – $1.05M (±1% cap)

NOI $62,918 @ 7.0% cap · market cap 7.00%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Triplexes
PA
Philadelphia
19145
1702 S 22ND Street

What type of property is this?

Triplex - Modern triplex with tax abatement and convenient location.

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 $899,000.

What are key features of this property?

This property features: Many years (estimate 9) remaining on the tax abatement.; Brand new construction triplex with three modern units.; Each unit features modern kitchens with stainless steel appliances and quartz countertops.

1702 S 22ND Street Philadelphia, PA 19145

MULTI_FAMILY - Contemporary - PHILADELPHIA, PA

Property Features for 1702 S 22ND Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Freestanding Single-Story Retail Building

Mixed-Use Corner Property with Garage

Restaurant Opportunity in Philadelphia, PA

Corner Mixed-Use Building with Bar

Mixed-Use Brownstone with Storefront

Mixed-Use Building with Two-Level Layout

New-Construction 11-Unit Apartment Building

Fully Leased Triplex with In-Unit Laundry

2019 Four-Unit Multifamily Investment

Two-Building Multifamily Portfolio

Turnkey Three-Story Building with Elevator

Turnkey Triplex with Tax Abatement

FAQs