Corner Triplex with Nail
For Sale
$559,500
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$284.30
Days on Market9
Property Features for 2049 S 22ND STREET
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
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) 869-8280
Listed By:
Anastasia Tran · License #RS355076
(215) 869-8280
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 30 at 6:12AM
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
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 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 | $50.8k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.0k | $24.38 |
| − OpEx | −$14.4k | −$7.31 |
| NOI | $33.6k | $17.06 |
1,968 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.8K
$419.8K – $559.7K
NOI $33,584 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$442.2K
$387.0K – $515.9K
NOI $30,956 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $559,500.
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
