Corner Triplex with Nail
For Sale
$499,000
2049 S 22ND STREET, Philadelphia, PA 19145
Fully occupied triplex with a renovated first-floor nail salon and two residential units, plus a full basement for storage.
Property Size1,968 SF
Price / SF$253.56
Days on Market100
Property Features for 2049 S 22ND STREET
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
West Passyunk
Highway Access
Yes
Amenities
full basement
public transportation
shopping
dining
major highways
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Anastasia Tran · License #RS355076
(215) 869-8280
Source:
Cummingsrealtors
Added: Jul 24
Changed: Oct 29
Last Checked: Oct 30 at 4:53PM
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 Canaan Realty Services INC
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Investment Insights
Based on property information with market context.
This fully occupied corner triplex includes a renovated first-floor nail salon with a modern, open layout and two residential units above. The residential units are currently generating $2,000/month in rental income. A full basement adds practical storage and utility space.
Located at the highly visible intersection of Snyder Ave. and S. 22nd St., the property benefits from corner visibility, signage exposure, and heavy pedestrian and vehicle traffic. Access to public transportation, shopping, dining, and major highways supports day-to-day convenience.
Offered as a turnkey mixed-use setup, the asset combines an operating commercial component with two income-producing residences within one building configuration.
Located at the highly visible intersection of Snyder Ave. and S. 22nd St., the property benefits from corner visibility, signage exposure, and heavy pedestrian and vehicle traffic. Access to public transportation, shopping, dining, and major highways supports day-to-day convenience.
Offered as a turnkey mixed-use setup, the asset combines an operating commercial component with two income-producing residences within one building configuration.
Key Highlights
- Fully occupied triplex with a renovated first‑floor nail salon and two residential units
- Two residential units currently generate $2,000/month in rental income
- Commercial space features a modern, open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,584
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,680
$671.7K
Cap Rate 7%
$479,771
$479.8K
Cap Rate 9%
$373,156
$373.2K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$50.8K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$48.0K $24.38/SF
− OpEx
−$14.4K −$7.31/SF
NOI
$33.6K $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%
$671,680
Cap Rate 7%
$479,771
Cap Rate 9%
$373,156
Alternative Uses
Best Use
Multifamily LT 5
$479.8K
$419.8K – $559.7K
NOI $33,584 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$442.2K
$387.0K – $515.9K
NOI $30,956 @ 7.0% cap · market cap 6.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway 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?
Triplex - Fully occupied triplex with a renovated first-floor nail salon and two residential units, plus a full basement for storage.
Where is this triplex located?
The property is located at 2049 S 22ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied triplex with a renovated first‑floor nail salon and two residential units; Two residential units currently generate $2,000/month in rental income; Commercial space features a modern, open layout
