2-Unit Duplex with Private
For Sale
Under Contract
$375,000
2032 S 22ND Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,550 SF
Lot Size0.02 Acres
Price / SF$241.94
Days on Market101
Property Features for 2032 S 22ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,550 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3348
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
in-unit stacking laundry
private rear outdoor area
unfinished basement
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Kevin Le · License #RS349630
(267) 918-5234
Added: Jul 15
Changed: Oct 21
Last Checked: Oct 23 at 7:06AM
MLS# PAPH2646740
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 1,550-square-foot masonry duplex contains two residences, each configured with two bedrooms and one bathroom. The second-floor unit has its own entrance from S 22nd Street. One residence is occupied; the other is available for owner use or a future tenant. Interior work included new plumbing, electrical, sheetrock, and insulation. The property has hot-water heating, window air-conditioning units, and on-street parking.
The 0.0231-acre property is in Philadelphia’s 19145 ZIP code, a few blocks from Passyunk Avenue, the Broad Street Line, and local parks. The listing also identifies access to Center City, the Philadelphia Sports Complex, and Philadelphia International Airport.
The 0.0231-acre property is in Philadelphia’s 19145 ZIP code, a few blocks from Passyunk Avenue, the Broad Street Line, and local parks. The listing also identifies access to Center City, the Philadelphia Sports Complex, and Philadelphia International Airport.
Key Highlights
- Two residences, each with a 2‑bedroom, 1‑bathroom layout
- 1,550 square feet on a 0.0231‑acre lot
- Second‑floor unit has a separate entrance from S 22nd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,451
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,020
$529.0K
Cap Rate 7%
$377,871
$377.9K
Cap Rate 9%
$293,900
$293.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$40.0K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.8K $24.38/SF
− OpEx
−$11.3K −$7.31/SF
NOI
$26.5K $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%
$529,020
Cap Rate 7%
$377,871
Cap Rate 9%
$293,900
Alternative Uses
Best Use
Multifamily LT 5
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 6.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,973
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one bathroom, and one unit is tenant-occupied.
Where is this duplex located?
The property is located at 2032 S 22ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with a 2‑bedroom, 1‑bathroom layout; 1,550 square feet on a 0.0231‑acre lot; Second‑floor unit has a separate entrance from S 22nd Street
