New construction with 10-year tax abatement through 2032, low-maintenance income, major depreciation benefits, and Section 8 upside potential makes this multi-family dwelling the ultimate investor’s trifecta! Welcome to 22 E. Rittenhouse, a newly constructed 6-unit multifamily building in one of Philadelphia’s fastest-growing neighborhoods. This fully occupied property offers a rare combination of modern luxury and smart investment potential. Each spacious unit features high-end finishes, private balconies, and open-concept layouts designed for today’s lifestyle. The building includes 4 covered parking spots, an oversized roof deck, secure entry, and quality construction throughout. With strong rental income and low-maintenance appeal, this is an ideal turnkey opportunity for investors seeking stability and growth in a red-hot market.
Sold for $1,100,000 on 12/30/25
$1,100,000
22 E Rittenhouse St, Philadelphia, PA 19144
14beds
--baths
8,925sqft
Multi Family
Built in 2022
-- sqft lot
$1,100,300 Zestimate®
$123/sqft
$2,131 Estimated rent
Home value
$1,100,300
$1.05M - $1.16M
$2,131/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 11 hours ago
Listing updated: December 30, 2025 at 04:03pm
Listed by:
Shaina Levin 215-840-7500,
Coldwell Banker Realty,
Co-Listing Agent: Kelly D Patrizio 215-923-7600,
Coldwell Banker Realty
Bought with:
Shaina Levin, RS347883
Coldwell Banker Realty
Kelly Patrizio, RS325565
Coldwell Banker Realty
Source: Bright MLS,MLS#: PAPH2509776
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 8,925
- Total interior livable area: 8,925 sqft
Property
Parking
- Total spaces: 4
- Parking features: Covered, Attached
- Attached garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,140 sqft
- Dimensions: 0.00 x 82.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 881206550
- Zoning: RSA3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $1,100,000$123/sqft |
Source:  Bright MLS #PAPH2509776 Report a problem | ||
| 11/21/2025 | Contingent | $1,100,000$123/sqft |
Source: Bright MLS #PAPH2509776 Report a problem | ||
| 11/3/2025 | Price change | $1,100,000-15.3%$123/sqft |
Source: Bright MLS #PAPH2509776 Report a problem | ||
| 10/1/2025 | Price change | $1,299,000-3.8%$146/sqft |
Source: Bright MLS #PAPH2509776 Report a problem | ||
| 7/18/2025 | Price change | $1,350,000-1.8%$151/sqft |
Source: Bright MLS #PAPH2509776 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,897 -10% | $1,350,000 -10% |
| 2024 | $20,997 +4587.5% | $1,500,000 +4587.5% |
| 2023 | $448 | $32,000 |
Find assessor info on the county website
Neighborhood: Germantown Morton
Nearby schools
GreatSchools rating
- 5/10Roosevelt Theodore Middle SchoolGrades: K-8Distance: 0.7 mi
- 2/10King Martin Luther High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,100,300
2% more+ $22,006
With Zillow Showcase(estimated)
$1,122,306