Renovated Three-Unit
For Sale
$650,000
2339 W THOMPSON Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,572 SF
Lot Size0.03 Acres
Price / SF$252.72
Days on Market139
Property Features for 2339 W THOMPSON Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
BREWERYTOWN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,572 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1876
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2017
Number of units
3
Building materials
Masonry
Listing Agency:
USRealty.com LLP
(866) 807-9087
Listed By:
David M Sweeney · License #RM424243
(866) 534-3726
Added: Jun 2
Changed: Aug 19
Last Checked: Oct 18 at 9:06AM
MLS# PAPH2628760
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.
This masonry triplex contains 2,572 square feet across three apartments. The layout includes a bi-level three-bedroom, two-bath residence with private backyard access, plus a two-bedroom second-floor unit and a two-bedroom third-floor unit with two baths. The property includes basement space, central heating, central air conditioning, and on-street parking.
The building was constructed in 2017 and fully renovated in 2018 with updated finishes and amenities. All three apartments are leased and occupied, and tenants pay the water and electric utilities. The property is located at 2339 W Thompson Street in Philadelphia's Brewerytown neighborhood, within the Art Museum district.
The building was constructed in 2017 and fully renovated in 2018 with updated finishes and amenities. All three apartments are leased and occupied, and tenants pay the water and electric utilities. The property is located at 2339 W Thompson Street in Philadelphia's Brewerytown neighborhood, within the Art Museum district.
Key Highlights
- Three apartments with a total of 2,572 square feet
- Unit mix includes one three‑bedroom and two two‑bedroom apartments
- Bi‑level three‑bedroom unit includes two baths and private backyard access
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
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 - Masonry multifamily property with three distinct apartments, central HVAC, and a private backyard serving the bi-level residence.
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 apartments with a total of 2,572 square feet; Unit mix includes one three‑bedroom and two two‑bedroom apartments; Bi‑level three‑bedroom unit includes two baths and private backyard access
