Renovated Multifamily Investment
2339 W THOMPSON Street Philadelphia, PA 19121
2339 W THOMPSON Street, Philadelphia, PA, 19121
$675,000
For Sale
$675,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,572 SF
Lot Size0.03 Acres
Price / SF$262.44
Days on Market45
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 Agency
USRealty.com LLP
(866) 807-9087
1500 Conrad Weiser Parkway, Womelsdorf, PA
Listed by
David M Sweeney · License #RM424243
(866) 807-9087
Added: Jun 2 Checked: Jul 16 at 4:06 pm
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.
Investment Insights
Based on property information with market context.
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.
Key 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)
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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)
