Renovated Three-Unit
For Sale
$700,000
2339 West Thompson Street, Philadelphia, PA 19121
Renovated three-unit apartment building with leased 2nd- and 3rd-floor units and a bi-level 3-bedroom with private backyard access.
Property Size2,572 SF
Price / SF$272.16
Days on Market300
Property Features for 2339 West Thompson Street
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Multi-Family / Fee Simple
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
2017
Year Renovated
2018
Listing Agency:
Unreal Estate LLC
(866) 807-9087
Listed By:
Joseph Kendrick · License #100041789
(866) 807-9087
Source:
Compass
Added: Oct 6, 2025
Changed: Jul 23
Last Checked: Jul 31 at 12:51PM
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 Unreal Estate LLC
Investment Insights
Based on property information with market context.
This renovated three-unit apartment building offers a bi-level three-bedroom, two-bath layout with access to a private backyard. In addition, there is a two-bedroom unit on the 2nd floor and a two-bedroom, two-bath unit on the 3rd floor. The 2nd- and 3rd-floor apartments are fully leased and occupied with spacious layouts.
The property was fully renovated in 2018 with high-end finishes and desired amenities. Tenants cover utilities, including water and electric.
The building is located at 2339 West Thompson Street in Philadelphia’s Art Museum district area, in the Brewerytown neighborhood.
The property was fully renovated in 2018 with high-end finishes and desired amenities. Tenants cover utilities, including water and electric.
The building is located at 2339 West Thompson Street in Philadelphia’s Art Museum district area, in the Brewerytown neighborhood.
Key Highlights
- Renovated 3‑unit apartment building built in 2017
- Unit mix: bi‑level 3BR/2BA with private backyard access, plus two 2BR units
- 2nd- and 3rd‑floor units are fully leased and occupied
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 6.27%
Second Best
Apartment 5plus
$577.9K
$505.7K – $674.3K
NOI $40,456 @ 7.0% cap · market cap 5.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-unit apartment building with leased 2nd- and 3rd-floor units and a bi-level 3-bedroom with private backyard access.
Where is this triplex located?
The property is located at 2339 West Thompson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Renovated 3‑unit apartment building built in 2017; Unit mix: bi‑level 3BR/2BA with private backyard access, plus two 2BR units; 2nd- and 3rd‑floor units are fully leased and occupied
