Active

22 E Rittenhouse St

Philadelphia PA, 19144

$1,340,000


$206.15 per sqft

Active

6,500 sqft

Commercial

Built in 2022

22 East Rittenhouse is a newly built, 6-unit multifamily investment property in the blossoming community of Germantown in Philadelphia, Pennsylvania. Located right off the quaint cobbles of historic Germantown Avenue loaded with shops, restaurants and amenities and adjacent to Vernon Park, this turnkey boutique apartment building is optimally designed with spacious units, maximum natural light, dedicated outdoor spaces and the ultimate urban luxury -- private garage parking. 7.4% CAP. 10 year tax abatement through 2032. This northwestern submarket is primed for rent growth and appreciation as lifestyle tastes shift outward from the urban core. 22 Rittenhouse is Phase 1 of 2 in a mixed-use new development. Phase 2 includes ten (10) townhouses with parking which are soon to become available. Enquire within for financials.

PAPH2446728

MLS ID

February 18, 2025

Listed

March 14, 2025

Updated

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.1 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$1,889


Tax Frequency

Annually


Days on Market

25


Garage

No


Parking Total

4


View

No


County

PHILADELPHIA


Water Source

Public

Listing History

Date

Event

Price

3/13/2025

Price change

$1,340,000

-14%

Listed by Keller Williams Liberty Place
Listing Contact: 6106061095 

The IDX display contains information sourced from the Bright MLS, Inc. as of 3/14/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 3/14/2025 at 9:17 PM UTC

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