#PAPH2446888, Amardeep Billy Grewal, Listing Office: KW Empower
1302 N 22nd St Philadelphia, PA 19121
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
(ACTIVE)
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
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Last updated on: 3/6/2025, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$925,000
1302 N 22nd St
$10,000
closing credit¹
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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. Typical income of Philadelphia, PA residents is less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
Similar homes for sale
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 $925,000.
In February 2025 more than 154 listings in Philadelphia, PA were sold above the asking price. During the same period more than 166 listings were sold at asking price, while more than 396 were sold below. The number of listings in Philadelphia, PA increased by 10.7% between January and February 2025. Listings spent 59 days on the market in February 2025, and had a median list price of $268,469 during the same period.