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New Construction Apartment Community
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22 E Rittenhouse St, Philadelphia, PA 19144

Boutique residential community with townhome layouts, private roof decks, and dedicated parking.

Property SizeContact for details
Days on Market148

Property Features for 22 E Rittenhouse St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 10 x 3BR/2BA
Multifamily Units 10

Additional Details

Opportunity Zone Yes

Amenities

private roof decks
Listing Agency: The Oceanside Realty Team
Listed By: Agent PHL · License #Pennsylvania RS316262
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:08PM

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 The Oceanside Realty Team

Investment Insights

Based on property information with market context.

This apartment building investment comprises a 10-unit single-family rental community delivered as new-construction townhomes. Each residence offers three bedrooms, two bathrooms, approximately 1,800 SF, a private roof deck, and parking. The project is identified as pre-CO and qualifies as a Qualified Opportunity Zone property.

The community is in Philadelphia’s Germantown neighborhood, adjacent to Vernon Park and near Germantown Avenue’s shops, restaurants, and amenities. It forms Phase 2 of a two-phase mixed-use development. The property carries a projected 7.48% cap rate and a 10-year tax abatement.

Key Highlights

  • 10‑unit single‑family rental apartment building
  • Three‑bedroom, two‑bathroom townhomes with approximately 1,800 SF each
  • Private roof decks and parking for each residence

Property Analytics

Current Use

Maple Village Apartment Building UUH Outreach Home Health Care Service Self Storage Facility Storage Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service HVAC Service Big Box & Wholesale Store Carpet & Flooring 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

10
Residential units

Location Intelligence

Trade Area within ½ mile

1,945
Businesses Nearby

Demographics for 19144, PA

44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Boutique residential community with townhome layouts, private roof decks, and dedicated parking.
Where is this apartment building located?
The property is located at 22 E Rittenhouse St Philadelphia, PA.
What are key features of this property?
This property features: 10‑unit single‑family rental apartment building; Three‑bedroom, two‑bathroom townhomes with approximately 1,800 SF each; Private roof decks and parking for each residence
More about this property
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