For Sale Triplex MLS# PAPH2666882

2217 W THOMPSON ST

PHILADELPHIA, PA 19121

$789,000

brightmls-rsd logo

About 2217 W THOMPSON ST

Rare opportunity: a 2022-built triplex with an assumable FHA mortgage at 5.0% and approximately 6.5 years remaining on a FULL 10-year tax abatement — current taxes just $2,309/year. Qualified buyers may inquire about assuming the existing loan (subject to servicer approval and owner-occupancy requirements), locking in a rate well below today's market and transforming the monthly math on this property.

Welcome to 2217 W Thompson Street, a masonry end-of-row triplex in Sharswood/Brewerytown, steps from Girard College and minutes to Fairmount, the Girard Avenue corridor, and Center City. Built in 2022 with 2,857 square feet above grade, the building offers three thoughtfully designed units, central air, in-unit laundry, and fully licensed legal units per the City of Philadelphia.

Unit 1 is a standout bi-level 3 bedroom, 3.5 bath residence with a private rear yard — a true house-sized apartment, leased through April 2027 with reliable income in place from day one. Unit 2 is a 2 bedroom, 2 bath occupied on a month-to-month basis, offering the next owner maximum flexibility. Unit 3, shown in the photos, is a light-filled 2 bedroom, 2 bath delivered vacant, featuring a modern kitchen with quartz counters, shaker cabinetry, and stainless appliances, two full baths, stacked laundry, and exclusive access to a massive private roof deck with skyline views — string lights, putting green, and all. This unit has a proven track record as a licensed short-term rental; booking history and income documentation are available to qualified buyers.

The flexibility is the story: assume the loan, occupy the vacant roof-deck unit, and let the other two units carry the lion's share of the payment — or continue the furnished-rental strategy in Unit 3 while collecting long-term rent below. Either way, the 100% tax abatement (improvement value fully exempt) means carrying costs that comparable buildings simply can't match.

With low-rate assumable financing, a full abatement, two units of income in place, and a vacant roof-deck unit ready for an owner or premium tenant, 2217 W Thompson checks boxes that almost never appear together in one listing.

Leases, income documentation, and loan details available upon request. Buyer responsible for verifying all information, including loan assumption eligibility, directly with the servicer.

Property details

Property

Type
Triplex
MLS type
Triplex
Status
Active
Year built
2022
Living area
2,857 sqft
Price / sqft
$276
Lot
0.03
Original price
$789,000
MLS #
PAPH2666882

Interior

Features
Central A/C, true, 90% Forced Air, Natural Gas, Washer In Unit, Fully finished
Heating
true, 90% Forced Air
Cooling
Central A/C
Laundry
Washer In Unit

Exterior & lot

Features
Traditional, Above Grade, Below Grade
Construction
Masonry, Concrete Perimeter
Foundation
Concrete Perimeter
Lot
RM1, 291043110

Schools

District
Philadelphia City School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN, tenant's belongings
Annual tax
$2,309
Tax year
2026
Parcel
291043110

Location

Area
19121 (19121)
County
PHILADELPHIA-PA
Neighborhood
Sharswood
Community
PHILADELPHIA-PA, BRIGHT_MAIN, THE SCHOOL DISTRICT OF PHILADELPHIA
Directions
See address

Location

Neighborhood
Sharswood
School district
Philadelphia City School District

Ask about this property

Questions on 2217 W THOMPSON ST, PHILADELPHIA, PA 19121, or want to see it in person?

Listed by Christopher Mark Taylor Jr., EXP Realty, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.