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Five-Unit Apartment Building
For Sale
$1,300,000

2022 S Bank Street, Philadelphia, PA 19106

Foundation work is complete, with approved plans and permits supporting continued construction of a condominium project.

Property SizeContact for details
Days on Market122

Property Features for 2022 S Bank Street

General Information

Standard status Active
Total Parking Spaces 4
Elevators Yes
Property subtype Commercial
Lease Term []

Site & Location

Neighborhood Center City

Land

Entitled Yes
Buildable Units 5

Additional Details

Multifamily Units 5

Amenities

balcony
private storage

Building Details

Year Built 2022
Buildings 1
Listing Agency: LPT Realty,LLC
Listed By: Maria Maria Quattrone Quattrone · License #RB069792
Source: Deepcreeklake
Added: Jun 24 Changed: Oct 21 Last Checked: Oct 20 at 10:55PM

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 LPT Realty,LLC

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Investment Insights

Based on property information with market context.

This Philadelphia apartment building development is configured for five condominium residences, with approved plans, permits, and tax abatement documentation available. The foundation has been completed, allowing construction to proceed from an established starting point. Four residences are planned at approximately 1,720 square feet each, with two bedrooms, two full bathrooms, open living, dining, and kitchen areas, private balconies, direct elevator access, and individual storage. A penthouse is planned on the sixth floor with approximately 1,720 square feet plus a 450-square-foot mezzanine.

The project includes four private garage parking spaces and is located at 2022 S Bank Street in Philadelphia’s Old City neighborhood. The planned building also incorporates modern upscale finishes and elevator service to each residence.

Key Highlights

  • Approved plans and permits for a five‑unit condominium building
  • Foundation completed at 2022 S Bank Street
  • Four residences planned at approximately 1,720 square feet each

Property Analytics

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Suggested Use

Top Pick Plumbing Service Pet Grooming Service Tanning Salon Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Clothing & Fashion Store

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

12,044
Businesses Nearby

Demographics for 19106, PA

15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Foundation work is complete, with approved plans and permits supporting continued construction of a condominium project.
Where is this apartment building located?
The property is located at 2022 S Bank Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approved plans and permits for a five‑unit condominium building; Foundation completed at 2022 S Bank Street; Four residences planned at approximately 1,720 square feet each
More about this property
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