Introducing a premier investment opportunity nestled in the heart of the vibrant Brewerytown section of Philadelphia: the newly constructed Quadraplex at 1302 N 22nd Street. This meticulously designed property, completed in 2021/2022, embodies modern living and strategic investment, making it an enticing addition to any discerning investor's portfolio. This Quadraplex is fully occupied, providing immediate and consistent cash flow. The property boasts a thoughtfully crafted unit mix, with one spacious one-bedroom unit and three generously sized two-bedroom units. This configuration not only maximizes rental income but also appeals to a diverse tenant base, ensuring long-term occupancy and stability. One of the standout features of this investment is the full tax abatement in place until the end of 2032. This abatement significantly reduces operating expenses, thereby enhancing net cash flow and maximizing your return on investment. Additionally, the property's location within a Qualified Opportunity Zone offers the potential for substantial tax incentives, presenting an excellent opportunity for long-term investors looking to capitalize on these benefits. Brewerytown itself is a neighborhood on the rise, known for its rich industrial history and burgeoning cultural scene. The area is experiencing a renaissance, with an eclectic mix of trendy shops and vibrant eateries all contributing to its unique charm. Its proximity to Center City Philadelphia further enhances its appeal, offering residents easy access to the city's bustling financial districts, cultural landmarks, and entertainment venues. For investors seeking a property that combines modern amenities with strategic financial benefits, 1302 N 22nd Street is a compelling choice. This Quadraplex not only promises immediate income but also offers the potential for significant appreciation and tax advantages over time. Don’t miss out on this rare opportunity to secure a stronghold in one of Philadelphia’s most promising neighborhoods. Contact us today to learn more about this exceptional property and arrange a viewing. Your next smart investment awaits! **Offering Memorandum available upon request.
Property Details
Property Features
Property Information:
Architectural Style: Straight Thru
Year Built: 2022
Living Area: 3,392 SqFt
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Daniel Baer
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
Other
Directions Information:
Directions: Use GPS
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $950,000
Price Per SqFt: $280/SqFt
Tax Information:
Annual Amount: $1,474
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $684.6K more than the Median Sold Price and $79/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2410314
Listing Office:
Office Name: Compass Pennsylvania, LLC
Office Phone: (267) 435-8015
Listing Agent: Daniel Baer
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Richard R. Wright Elementary School
2700 W Dauphin St
Distance between this listing and this school1.08 miles
Public District Grades KG-5
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school1.39 miles
Public Charter Grades KG-6
5
/10
Samuel Powel Elementary School
301 N 36th St
Distance between this listing and this school1.53 miles
Public District Grades KG-4
Nearby Schools
3
/10
Robert Morris School
2600 W Thompson St
Distance between this listing and this school0.35 miles
Public District Grades KG-8
3
/10
Bache-Martin Elementary School
2201 Brown St
Distance between this listing and this school0.38 miles
Public District Grades KG-8
3
/10
General George G. Meade School
1600 N 18th St
Distance between this listing and this school0.45 miles
Public District Grades KG-8
Nearby Schools
2
/10
Vaux Big Picture High School
2300 W Master St
Distance between this listing and this school0.13 miles
Public District Grades 12-12
1
/10
Youth Build Phila Charter School
1231 N Broad St Fl 5
Distance between this listing and this school0.74 miles
Public Charter Grades 12-12
4
/10
People for People Charter School
800 N Broad St
Distance between this listing and this school0.79 miles
The neighbors living near this home have an average income of $13,314. Typical income of Philadelphia, PA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 1302 N 22nd St in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 3,392 square foot home, which was built in 2022, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $950,000.
In November 2024, from all listings sold in Philadelphia, PA there were more than 219 sold above asking price, over 523 sold below and more than 204 were sold right at the asked price. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. While the average time on the market in November 2024 was 45 days, the median list price was $265,372.
From Rocket Homes Real Estate and based on county public records data.