2022-Built Triplex With Roof
For Sale
$789,000
2217 W Thompson St, Philadelphia, PA 19122
Legal three-unit property with central air, in-unit laundry, and a vacant residence featuring private rooftop outdoor space.
Property Size2,857 SF
Price / SF$276.16
Days on Market51
Property Features for 2217 W Thompson St
General Information
Standard status
Active
Size
2,857 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/3.5BA, 2 x 2BR/2BA
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,309
Amenities
central air
in-unit laundry
private rear yard
roof deck
Building Details
Year Built
2022
Buildings
1
Construction
masonry
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Christopher Mark Taylor Jr. · License #RS348553
(215) 990-2676
Source:
Exprealty
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 20 at 9:26PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this masonry triplex contains 2,857 square feet above grade and three fully licensed residential units. The property includes central air and in-unit laundry throughout. Unit 1 is a bi-level three-bedroom, three-and-a-half-bath residence with a private rear yard and a lease extending through April 2027. Unit 2 offers two bedrooms and two bathrooms and is occupied month to month.
Unit 3 is delivered vacant with two bedrooms, two full bathrooms, a modern kitchen with quartz countertops, shaker cabinetry, and stainless steel appliances. The residence also includes stacked laundry and exclusive use of a large private roof deck with skyline views. The building carries a full 10-year tax abatement, with the improvement value exempt, and is located at 2217 W Thompson Street in Philadelphia’s Sharswood/Brewerytown area, near Girard College and minutes from Fairmount, the Girard Avenue corridor, and Center City.
Unit 3 is delivered vacant with two bedrooms, two full bathrooms, a modern kitchen with quartz countertops, shaker cabinetry, and stainless steel appliances. The residence also includes stacked laundry and exclusive use of a large private roof deck with skyline views. The building carries a full 10-year tax abatement, with the improvement value exempt, and is located at 2217 W Thompson Street in Philadelphia’s Sharswood/Brewerytown area, near Girard College and minutes from Fairmount, the Girard Avenue corridor, and Center City.
Key Highlights
- 2022‑built triplex with 2,857 square feet above grade
- Three fully licensed legal units with central air and in‑unit laundry
- Unit 1: bi‑level 3 bedroom, 3.5 bath residence leased through April 2027
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.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,217
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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 - Legal three-unit property with central air, in-unit laundry, and a vacant residence featuring private rooftop outdoor space.
Where is this triplex located?
The property is located at 2217 W Thompson St 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: 2022‑built triplex with 2,857 square feet above grade; Three fully licensed legal units with central air and in‑unit laundry; Unit 1: bi‑level 3 bedroom, 3.5 bath residence leased through April 2027
