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2,857 sqft

$789,000

2217 W THOMPSON STREET, PHILADELPHIA PA, 19121

Price per sqft$276.16
Built in2022
Property size2,857 sqft
Property typeMulti-family

Overview

Active

Active-bright

Listed Sep 14, 2026

Updated 5 days ago

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.

$5,249/mo

Est. mortgage payment based on a $789,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PAPH2666882

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$2,309
Tax Frequency
Annually
MLS provider logo

Listed by EXP Realty, LLC
Listing Contact: 2159902676 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. 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 10/2/2026 at 12:40 AM UTC

 

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