Updated Residential Income
For Sale
$679,000
Pending
220 N 22ND STREET #B, Philadelphia, PA 19103
Upper-level residence with private outdoor space, deeded parking, renovated interiors, and access to Center City amenities.
Property Size1,599 SF
Days on Market56
Property Features for 220 N 22ND STREET #B
General Information
Standard status
Pending
Size
1,599 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Amenities
private deck
wood-burning fireplace
laundry room
Building Details
Year Built
1980
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Elizabeth Convery
(215) 495-5040
Source:
Cummingsrealtors
Added: Sep 6
Changed: Oct 31
Last Checked: Oct 30 at 3:29PM
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 Compass Pennsylvania, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This upper-level residential property offers nearly 1,600 square feet of living space arranged across two bedroom levels. The home includes two bedrooms, two-and-a-half bathrooms, hardwood floors, a wood-burning fireplace, private foyer entry, and a full laundry room. A renovated kitchen features shaker cabinetry, quartz countertops, and brushed gold hardware. Each bedroom has an en suite renovated bathroom and closet space, while new HVAC and windows add to the property’s updates.
Outdoor features include a private deck with skyline views and deeded off-street parking. The property is located in the Greenfield Elementary School catchment and near the Benjamin Franklin Parkway, Philadelphia Museum of Art, Barnes Foundation, Schuylkill River Trail, Whole Foods, Trader Joe’s, and 30th Street Station. Rittenhouse Square, Fairmount, and University City are also within easy reach.
Outdoor features include a private deck with skyline views and deeded off-street parking. The property is located in the Greenfield Elementary School catchment and near the Benjamin Franklin Parkway, Philadelphia Museum of Art, Barnes Foundation, Schuylkill River Trail, Whole Foods, Trader Joe’s, and 30th Street Station. Rittenhouse Square, Fairmount, and University City are also within easy reach.
Key Highlights
- Nearly 1,600 square feet of upper‑level living space
- Two bedrooms and two‑and‑a‑half bathrooms
- Private deck with skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,151
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,020
$503.0K
Cap Rate 7%
$359,300
$359.3K
Cap Rate 9%
$279,456
$279.5K
Market Conditions
NOI Build-Up for 1,599 SF
Gross rent
$48.5K $30.36/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$45.7K $28.60/SF
− OpEx
−$20.6K −$12.87/SF
NOI
$25.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,020
Cap Rate 7%
$359,300
Cap Rate 9%
$279,456
Alternative Uses
Best Use
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,151 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$389.8K
$341.1K – $454.8K
NOI $27,287 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
13,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level residence with private outdoor space, deeded parking, renovated interiors, and access to Center City amenities.
Where is this residential income property located?
The property is located at 220 N 22ND STREET #B Philadelphia, PA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Nearly 1,600 square feet of upper‑level living space; Two bedrooms and two‑and‑a‑half bathrooms; Private deck with skyline views
