Modern 4-Unit Quadplex
2437 West Thompson Street Philadelphia, PA 19121
For Sale
$1,050,000
Newly constructed quadplex with in-unit laundry, hardwood floors, and private outdoor space across all units.
Property Size3,200 SF
Price / SF$328.13
Days on Market280
Property Features for 2437 West Thompson Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2021
Listing Agency:
Philly LMG, LLC
(215) 821-5527
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Source:
Compass
Added: Oct 18, 2025
Changed: Jul 22
Last Checked: Jul 23 at 9:04AM
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 Philly LMG, LLC
Investment Insights
Based on property information with market context.
Welcome to 2437 West Thompson Street, a modern 4-unit quadplex with contemporary finishes and strong rental configuration. Unit A is vacant and offers 3 bedrooms, 3.5 baths, and a private backyard. Units B, C, and D are each equipped with modern kitchens featuring stainless steel appliances, in-unit laundry, and hardwood flooring throughout, along with private outdoor space.
Unit B includes 2 bedrooms and 1 bath with a private deck and is currently rented at $1,795 per month. Units C and D each offer 2 bedrooms and 1.5 baths with private rooftop decks; Unit C is rented at $1,800 per month and Unit D is rented at $1,700 per month. The property also has 5 years remaining on the tax abatement.
Located just minutes from Girard Avenue, Fairmount Park, and Center City, the property provides convenient access to area shopping, dining, and public transportation.
Unit B includes 2 bedrooms and 1 bath with a private deck and is currently rented at $1,795 per month. Units C and D each offer 2 bedrooms and 1.5 baths with private rooftop decks; Unit C is rented at $1,800 per month and Unit D is rented at $1,700 per month. The property also has 5 years remaining on the tax abatement.
Located just minutes from Girard Avenue, Fairmount Park, and Center City, the property provides convenient access to area shopping, dining, and public transportation.
Key Highlights
- Newly constructed 4‑unit quadplex built in 2021 in Philadelphia’s Brewerytown area
- Unit A (vacant) has 3 bedrooms, 3.5 baths, and a private backyard
- Units B, C, and D each feature in‑unit laundry, modern kitchens, and hardwood flooring
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 | $82.6k | $25.80 |
| − Vacancy | −$4.5k | −$1.42 |
| EGI | $78.0k | $24.38 |
| − OpEx | −$23.4k | −$7.31 |
| NOI | $54.6k | $17.06 |
3,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 4.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newly constructed quadplex with in-unit laundry, hardwood floors, and private outdoor space across all units.
Where is this quadplex located?
The property is located at 2437 West Thompson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Newly constructed 4‑unit quadplex built in 2021 in Philadelphia’s Brewerytown area; Unit A (vacant) has 3 bedrooms, 3.5 baths, and a private backyard; Units B, C, and D each feature in‑unit laundry, modern kitchens, and hardwood flooring
