Renovated Multifamily Investment
2339 W THOMPSON Street, Philadelphia, PA 19121
New
MULTI_FAMILY - PHILADELPHIA, PA
Property size:
2,572 SFLot size:
0.03 AcresPrice / SF:
$262/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 12:06 pm
Property Features for 2339 W THOMPSON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 agent David M Sweeney License #RM424243 (866) 807-9087
Listing office USRealty.com LLP 1500 Conrad Weiser Parkway, Womelsdorf, PA (866) 807-9087
Listing date Jun 2, 2026
MLS# PAPH2628760
Listing URL
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.
HighLights
- 2017‑built masonry multifamily at 2339 W Thompson St (Philadelphia)
- Fully renovated in 2018 with high‑end finishes and desired amenities
- Unit mix: bi‑level 3BR/2BA with access to a private backyard, plus two 2BR units (one with 2 baths on the third floor)
- Central heating and central air throughout
- Tenants are responsible for utilities, including water and electric
- Property grosses $5,150 per month; fully leased and occupied
Overview
Welcome to 2339 W Thompson St, a beautifully designed apartment building offering multifamily investment potential in Philadelphia. The property features one bi-level unit with three bedrooms and two baths, including access to a private backyard. There is also a two-bedroom apartment on the second floor, along with a two-bedroom, two-bath apartment on the third floor. All units are fully leased and currently occupied, with spacious layouts and high-end finishes installed during a full renovation completed in 2018.
Located in the Art Museum district, this up-and-coming asset sits within the Brewerytown neighborhood. The building is income-producing, with the property grossing $5,150 per month, and the tenants covering utilities including water and electric.
This configuration is well-suited for investors seeking a renovated, turnkey multifamily with an occupied unit mix across multiple levels. The combination of private outdoor access for one unit and covered utility expense responsibility for tenants can support strong day-to-day income performance for an owner looking for a stable, easy-to-manage residential income asset.
Located in the Art Museum district, this up-and-coming asset sits within the Brewerytown neighborhood. The building is income-producing, with the property grossing $5,150 per month, and the tenants covering utilities including water and electric.
This configuration is well-suited for investors seeking a renovated, turnkey multifamily with an occupied unit mix across multiple levels. The combination of private outdoor access for one unit and covered utility expense responsibility for tenants can support strong day-to-day income performance for an owner looking for a stable, easy-to-manage residential income asset.
Local 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 | $66.4k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $62.7k | $24.38 |
| − OpEx | −$18.8k | −$7.31 |
| NOI | $43.9k | $17.06 |
2,572 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.0K
$548.6K – $731.5K
NOI $43,891 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$577.9K
$505.7K – $674.3K
NOI $40,456 @ 7.0% cap · market cap 5.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17484
- Latitude
- 39.97541
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully renovated 2018 triplex with three leased residences, high-end finishes, 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 $675,000.
What are key features of this property?
This property features: 2017‑built masonry multifamily at 2339 W Thompson St (Philadelphia); Fully renovated in 2018 with high‑end finishes and desired amenities; Unit mix: bi‑level 3BR/2BA with access to a private backyard, plus two 2BR units (one with 2 baths on the third floor)
