2217 W Thompson St, Philadelphia, PA 19121

Property Description

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.