3-Unit Triplex with Roof
For Sale
$789,000
2217 W THOMPSON Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,857 SF
Lot Size0.03 Acres
Price / SF$276.16
Days on Market47
Property Features for 2217 W THOMPSON Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,857 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2309
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central air
private laundry
private roof deck
private backyard
quartz countertops
stainless steel appliances
Building Details
Year built
2022
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Christopher Mark Taylor Jr. · License #RS348553
(215) 990-2676
Added: Sep 14
Changed: Oct 13
Last Checked: Oct 30 at 4:06AM
MLS# PAPH2666882
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2022, this 2,857-square-foot masonry triplex contains three residences with a combined 7 bedrooms and 7.5 baths. One two-level unit has 3 bedrooms, 3.5 baths, and a private backyard. The other two apartments each have 2 bedrooms and 2 baths; one is vacant and includes quartz counters, stainless steel appliances, in-unit laundry, and a private roof deck. Central air and private laundry are provided in every unit, and each has separate utilities. All three residences are licensed with the City of Philadelphia.
Two apartments are leased: the three-bedroom unit through April 2027 and the other on a month-to-month basis. The third unit is vacant. Approximately 6.5 years remain on the tax abatement, which transfers to a new owner. The property is near Girard College and within minutes of Fairmount, Girard Avenue, Kelly Drive, and Center City.
Two apartments are leased: the three-bedroom unit through April 2027 and the other on a month-to-month basis. The third unit is vacant. Approximately 6.5 years remain on the tax abatement, which transfers to a new owner. The property is near Girard College and within minutes of Fairmount, Girard Avenue, Kelly Drive, and Center City.
Key Highlights
- Three licensed residences in a 2022 masonry building
- 2,857 square feet with 7 bedrooms and 7.5 baths
- Approx. 6.5 years remain on the transferable tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,754
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,080
$975.1K
Cap Rate 7%
$696,486
$696.5K
Cap Rate 9%
$541,711
$541.7K
Market Conditions
NOI Build-Up for 2,857 SF
Gross rent
$73.7K $25.80/SF
− Vacancy
−$4.1K −$1.42/SF
EGI
$69.6K $24.38/SF
− OpEx
−$20.9K −$7.31/SF
NOI
$48.8K $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%
$975,080
Cap Rate 7%
$696,486
Cap Rate 9%
$541,711
Alternative Uses
Best Use
Multifamily LT 5
$696.5K
$609.4K – $812.6K
NOI $48,754 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$642.0K
$561.7K – $749.0K
NOI $44,939 @ 7.0% cap · market cap 5.70%
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?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,137
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 2022, the masonry property has separate utilities and laundry for each residence.
Where is this triplex located?
The property is located at 2217 W THOMPSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Three licensed residences in a 2022 masonry building; 2,857 square feet with 7 bedrooms and 7.5 baths; Approx. 6.5 years remain on the transferable tax abatement
