South Philadelphia Duplex Investment
For Sale
$275,000
2222 Snyder Avenue, Philadelphia, PA 19145
Income-producing duplex in South Philadelphia, close to transportation and amenities.
Property Size994 SF
Price / SF$276.66
Days on Market102
Property Features for 2222 Snyder Avenue
General Information
Standard status
Active
Size
994 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1931
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 432-4000
Listed By:
Nadeen Hodge · License #AB067612
(215) 432-4000
Source:
Compass
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 31 at 11:17AM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
Located in the heart of South Philadelphia, this duplex presents an opportunity for both first-time buyers and investors. The property features two 1-bedroom apartment units, each with separate utilities and a functional layout. The first-floor apartment includes a living area, kitchen, powder room, a generously sized bedroom, a full bathroom, and access to a private rear yard. The second-floor apartment offers a living area, a full kitchen, a full bathroom, and a nicely sized bedroom. Each unit features laminate hardwood flooring, ample cabinet space, and storage. The property is fully leased with long-term tenants, making it an income-producing investment. The property is close to public transportation, Center City, local shops, and restaurants, with easy access to I-95, I-76, and Route 676. The property size is 994 square feet and is located in MLS Area 19145. The school district is THE SCHOOL DISTRICT OF PHILADELPHIA.
Key Highlights
- Income‑producing duplex with long‑term tenants already in place
- Two spacious 1‑bedroom apartment units with separate utilities
- Prime location in the heart of South Philadelphia, close to public transportation, Center City, shops, and restaurants
Financial Insights For Multifamily LT 5
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 | $25.6k | $25.80 |
| − Vacancy | −$1.4k | −$1.42 |
| EGI | $24.2k | $24.38 |
| − OpEx | −$7.3k | −$7.31 |
| NOI | $17.0k | $17.06 |
994 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 5.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex in South Philadelphia, close to transportation and amenities.
Where is this duplex located?
The property is located at 2222 Snyder Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Income‑producing duplex with long‑term tenants already in place; Two spacious 1‑bedroom apartment units with separate utilities; Prime location in the heart of South Philadelphia, close to public transportation, Center City, shops, and restaurants
