Bi-Level Residential Income
For Sale
$276,000
744 S 22ND STREET Unit 1B, Philadelphia, PA 19146
Two-bedroom layout with a ceramic-tile bath, fenced patio, and flexible lower-level space.
Property Size806 SF
Days on Market54
Property Features for 744 S 22ND STREET Unit 1B
General Information
Standard status
Active
Size
806 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,328
Building Details
Building Size
806 SF
Year Built
1900
Listing Agency:
Tara Management Services Inc
Listed By:
Beverly E Kessler-Rosa · License #RM050680A
(215) 985-4855
Source:
Patmckennarealtors
Added: Sep 9
Changed: Oct 31
Last Checked: Oct 30 at 9:27PM
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 Tara Management Services Inc
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Investment Insights
Based on property information with market context.
This bi-level residential income property, built in 1900, offers a two-bedroom arrangement across an entry level and lower level. The main level includes both bedrooms, a full three-piece ceramic tile bath, and access to a large fenced patio. Downstairs, an open area is paired with a fully equipped kitchen, washer and dryer, and useful closet storage.
The property is positioned across from University City. Current tenant occupancy includes two dogs, and showings are available Tuesday through Friday after 2 p.m. and on Saturdays beginning 9/15/2026. The property will not be accessed through a lockbox.
The property is positioned across from University City. Current tenant occupancy includes two dogs, and showings are available Tuesday through Friday after 2 p.m. and on Saturdays beginning 9/15/2026. The property will not be accessed through a lockbox.
Key Highlights
- Bi‑level layout with two bedrooms on the entry level
- Full three‑piece ceramic tile bathroom
- Large fenced patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,678
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
$253.6K
Cap Rate 7%
$181,114
$181.1K
Cap Rate 9%
$140,867
$140.9K
Market Conditions
NOI Build-Up for 806 SF
Gross rent
$24.5K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$23.1K $28.60/SF
− OpEx
−$10.4K −$12.87/SF
NOI
$12.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,560
Cap Rate 7%
$181,114
Cap Rate 9%
$140,867
Alternative Uses
Best Use
Apartment 5plus
$181.1K
$158.5K – $211.3K
NOI $12,678 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$196.5K
$171.9K – $229.2K
NOI $13,754 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,513
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom layout with a ceramic-tile bath, fenced patio, and flexible lower-level space.
Where is this residential income property located?
The property is located at 744 S 22ND STREET Unit 1B Philadelphia, PA.
What is the asking price?
The asking price for this property is $276,000.
What are key features of this property?
This property features: Bi‑level layout with two bedrooms on the entry level; Full three‑piece ceramic tile bathroom; Large fenced patio
