Renovated Three-Unit Apartment
For Sale
$650,000
2339 W THOMPSON STREET, Philadelphia, PA 19121
Fully leased triplex with varied apartment layouts, private outdoor space, and tenant-paid water and electric utilities.
Property Size2,572 SF
Days on Market145
Property Features for 2339 W THOMPSON STREET
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Sharswood
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$61,800
Taxes and HOA fees
Annual Taxes
$1,876
Amenities
private backyard
Building Details
Building Size
2,572 SF
Year Built
2017
Year Renovated
2018
Buildings
1
Tenancy
Multi
Listing Agency:
USRealty.com LLP
Listed By:
David M Sweeney · License #RM424243
(866) 807-9087
Source:
Patmckennarealtors
Added: Jun 2
Changed: Oct 21
Last Checked: Oct 23 at 2:22PM
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 USRealty.com LLP
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Investment Insights
Based on property information with market context.
This three-unit apartment property includes a bi-level residence with three bedrooms, two bathrooms, and access to a private backyard. The second-floor apartment offers two bedrooms, while the third-floor unit includes two bedrooms and two bathrooms. The building was completed in 2017 and renovated in 2018 with updated finishes and amenities.
All three apartments are leased and occupied. Tenants cover water and electric utilities, providing a straightforward operating arrangement. The property is located at 2339 W Thompson Street in Philadelphia, Pennsylvania.
All three apartments are leased and occupied. Tenants cover water and electric utilities, providing a straightforward operating arrangement. The property is located at 2339 W Thompson Street in Philadelphia, Pennsylvania.
Key Highlights
- Three‑unit apartment property with all units leased and occupied
- Bi‑level apartment with 3 bedrooms, 2 baths, and private backyard access
- Second‑floor apartment includes 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,891
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,820
$877.8K
Cap Rate 7%
$627,014
$627.0K
Cap Rate 9%
$487,678
$487.7K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$66.4K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$62.7K $24.38/SF
− OpEx
−$18.8K −$7.31/SF
NOI
$43.9K $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%
$877,820
Cap Rate 7%
$627,014
Cap Rate 9%
$487,678
Alternative Uses
Best Use
Multifamily LT 5
$627.0K
$548.6K – $731.5K
NOI $43,891 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$577.9K
$505.7K – $674.3K
NOI $40,456 @ 7.0% cap · market cap 6.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased triplex with varied apartment layouts, private outdoor space, and tenant-paid water and electric utilities.
Where is this triplex located?
The property is located at 2339 W THOMPSON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit apartment property with all units leased and occupied; Bi‑level apartment with 3 bedrooms, 2 baths, and private backyard access; Second‑floor apartment includes 2 bedrooms
