Turnkey Duplex with Private
2032 S 22ND Street Philadelphia, PA 19145
2032 S 22ND Street, Philadelphia, PA, 19145
$385,000
For Sale
$385,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,550 SF
Lot Size0.02 Acres
Price / SF$248.39
Days on Market8
Property Features for 2032 S 22ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- 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)
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 Checked: Jul 22 at 6:06AM
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.
Investment Insights
Based on property information with market context.
This turnkey duplex offers two separate 2-bedroom, 1-bath units. The first unit is tenant-occupied and features brand-new flooring, a newly renovated kitchen with new appliances, an updated bathroom, in-unit stacking laundry, access to a private rear outdoor area, and an unfinished basement for additional storage. The second-floor unit has its own private entrance off 22nd Street and was renovated in 2025 with a similar 2-bedroom, 1-bath layout.
According to the listing, the property is legally zoned RM1 and was extensively remodeled in 2024 with city-approved permits. The home is located in the West Passyunk/Girard Estate area of South Philadelphia and is described as being near the Passyunk Avenue commercial corridor, the Broad Street Line subway, and local parks, with transit access to Center City and other regional destinations.
Each unit is configured with in-unit laundry, and the property provides outdoor space via the private rear area tied to the first unit, along with basement storage for added functionality.
According to the listing, the property is legally zoned RM1 and was extensively remodeled in 2024 with city-approved permits. The home is located in the West Passyunk/Girard Estate area of South Philadelphia and is described as being near the Passyunk Avenue commercial corridor, the Broad Street Line subway, and local parks, with transit access to Center City and other regional destinations.
Each unit is configured with in-unit laundry, and the property provides outdoor space via the private rear area tied to the first unit, along with basement storage for added functionality.
Key Highlights
- Legally zoned RM1 duplex in South Philadelphia’s West Passyunk/Girard Estate area
- Extensively remodeled in 2024 with City‑approved permits, including new plumbing, electrical, sheetrock, and insulation
- Unit 1 is tenant‑occupied at $1,500/month; tenants pay all utilities; 2 bed/1 bath with new kitchen appliances and updated bathroom
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 | $40.0k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $37.8k | $24.38 |
| − OpEx | −$11.3k | −$7.31 |
| NOI | $26.5k | $17.06 |
1,550 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 6.33%
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
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two renovated 2-bedroom, 1-bath units, including in-unit laundry and a private rear outdoor area.
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 $385,000.
What are key features of this property?
This property features: Legally zoned RM1 duplex in South Philadelphia’s West Passyunk/Girard Estate area; Extensively remodeled in 2024 with City‑approved permits, including new plumbing, electrical, sheetrock, and insulation; Unit 1 is tenant‑occupied at $1,500/month; tenants pay all utilities; 2 bed/1 bath with new kitchen appliances and updated bathroom
