2022 Ogden Street Philadelphia, PA 19130
Three distinct rental units with bi-level, 1-bedroom, and efficiency layouts, including an end-lease date on the first floor.
Property Features for 2022 Ogden Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing office Patriot Realty, LLC (610) 679-0127
Listing date Jul 28, 2025
Source Thetristaterealestategroup
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 Patriot Realty, LLC
Investment Insights
Based on property information with market context.
The property is located at 2022 Ogden Street in Philadelphia, PA, in a neighborhood described as desirable. Public remarks indicate proximity to Center City, Eastern State Penitentiary, shopping, and Fairmount Park, which may be relevant to tenant access and everyday convenience.
For buyers seeking a legal 3-unit residential income property, the current configuration provides a mix of unit sizes, including a bi-level 2-bedroom, a dedicated 1-bedroom, and a month-to-month efficiency. The stated lease timelines offer a clear view into near-term occupancy planning for the first- and second-floor units, while the third unit remains available on a monthly basis.
Key Highlights
- Legal 3‑unit triplex with three separate rental levels
- 1st floor: 2 bed, 2 bath, bi‑level layout with rear yard access (lease ends 10/26)
- 2nd floor: 1 bed, 1 bath unit (lease expiration 2/26)
Local 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 | $43.3k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.0k | $24.38 |
| − OpEx | −$12.3k | −$7.31 |
| NOI | $28.7k | $17.06 |
