3-Bedroom Residential Income
2217 N PALETHORP STREET Philadelphia, PA 19133
New
For Sale
$449,000
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size2,000 SF
Price / SF$224.50
Days on Market4
Property Features for 2217 N PALETHORP STREET
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2
- Standard status
- Active
- Size
- 2,000 SF
Building Details
- Year built
- 2020
Listing Agency:
BHHS Fox & Roach At the Harper Rittenhouse Square
(215) 546-0550
Listed By:
Stephanie Gross
(267) 247-2389
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 24 at 3:06AM
MLS# PAPH2650852
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Offered on the resale market for the first time, 2217 Palethorp Street is a 3-bedroom, 3-bath residence with approximately 2,000 square feet of living space. The home features rich hardwood flooring, soaring ceilings, recessed lighting, and a contemporary open-concept layout anchored by a chef’s kitchen with quartz countertops, shaker cabinetry, stainless steel appliances, and an oversized island. A private rear patio provides outdoor extension of the main living area, and the fully finished basement includes a full bath for flexible use.
The third floor is dedicated to a primary suite with a spa-inspired ensuite bath. The home also includes a rooftop deck for outdoor entertaining or quiet outdoor time.
Located in the Norris Square area, the property is described as being just steps from Norris Square Park and minutes from Fishtown and Olde Kensington, with nearby dining, coffee options, and the York & Dauphin Market–Frankford Line.
The third floor is dedicated to a primary suite with a spa-inspired ensuite bath. The home also includes a rooftop deck for outdoor entertaining or quiet outdoor time.
Located in the Norris Square area, the property is described as being just steps from Norris Square Park and minutes from Fishtown and Olde Kensington, with nearby dining, coffee options, and the York & Dauphin Market–Frankford Line.
Key Highlights
- 2020‑built 3‑bedroom, 3‑bath home with approximately 2,000 sq ft of living space
- Chef’s kitchen with quartz countertops, shaker cabinetry, stainless steel appliances, and an oversized island
- Open‑concept main level with hardwood flooring, soaring ceilings, and recessed lighting
Financial Insights For Apartment 5plus
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 | $60.7k | $30.36 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $57.2k | $28.60 |
| − OpEx | −$25.7k | −$12.87 |
| NOI | $31.5k | $15.73 |
2,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Resale-ready 3-bedroom, 3-bath home with a finished basement and rooftop deck.
Where is this single family property located?
The property is located at 2217 N PALETHORP STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2020‑built 3‑bedroom, 3‑bath home with approximately 2,000 sq ft of living space; Chef’s kitchen with quartz countertops, shaker cabinetry, stainless steel appliances, and an oversized island; Open‑concept main level with hardwood flooring, soaring ceilings, and recessed lighting
