$10,000 Closing Credit¹
#PAPH2446888, Amardeep Billy Grewal, Listing Office: KW Empower
$899,999 List price
1302 N 22nd St Philadelphia, PA 19121
$10,000
Closing credit¹
3,392 sqft
0.02 acres
$265 / sqft
Multi-Family
Property details
About 1302 N 22nd St
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.
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size3,392 sqft
Lot size0.02 Acres
Year builtNew Const., 2022
ParkingOn Street
MLS #PAPH2410314
Summary
- MLS Number: PAPH2410314
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (267) 435-8015
- Office Email: marianne.dillon@compass.com
- Listing Agent: Daniel Baer
- Agent Phone: (267) 690-7448
- Agent Email: dan.baer@compass.com
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.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$899,999
1302 N 22nd St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 28, 2018 | Home Sold | $106,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $634,200 | $1,775 |
| 2022 | $37,500 | $179 |
| 2021 | $- | $1,473 |
| 2020 | $12,800 | $179 |
| 2019 | $12,800 | $179 |
| 2018 | $73,600 | $1,030 |
| 2017 | $73,600 | $1,030 |
History based on county public records data.
Nearby schools
1
Richard R. Wright Elementary School
Public District KG-5
1.1 mi
•2700 W Dauphin St
2
Kipp North Philadelphia Charter School
Public Charter KG-6
1.4 mi
•2539 N 16th St
5
Samuel Powel Elementary School
Public District KG-4
1.5 mi
•301 N 36th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,314. The majority of Philadelphia, PA residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
75%
<35k
23%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
62%
Single, No Kids
29%
Single, with Kids
5%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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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. Features: 0 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $899,999.
While more than 154 listings in Philadelphia, PA in February 2025 were sold above asking price, there were more than 166 listings sold at asking price, and more than 396 were sold below. Between January and February 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 10.7%. Listings spent 59 days on the market in February 2025, and had a median list price of $268,469 during the same period.
From Rocket Homes Real Estate and based on county public records data.