Back to search
2214 W Ontario Street Philadelphia, PA $ 2,800,000
Share Save
$ 2,800,000 Get more info
2214 W Ontario Street
$ 2,800,000
Back to search
Share Save

2214 W Ontario Street

Philadelphia, PA, 19140
$ 2,800,000
Bedrooms-- Baths-- Sq 35,650

Monthly Estimate*

$ 17,240

2214 W Ontario Street, Philadelphia, PA 19140 - Image 1
2214 W Ontario Street, Philadelphia, PA 19140 - Image 2
2214 W Ontario Street, Philadelphia, PA 19140 - Image 3
2214 W Ontario Street, Philadelphia, PA 19140 - Image 4
2214 W Ontario Street, Philadelphia, PA 19140 - Image 5
2214 W Ontario Street, Philadelphia, PA 19140 - Image 6
2214 W Ontario Street, Philadelphia, PA 19140 - Image 7
View a Virtual Tour

Commercial Property for sale in Philadelphia, PA

for $2,800,000. This 35,650 square foot building was built in 1920 on a lot size of 0.9.

Jump into your next development project which is truly shovel ready! -Incredible Investment Opportunity in a Thriving Locale! -Projected Gross Rent: $1,012,200 annually -64-unit property consisting of 1 & 2-bedroom apartments -Average 1 bed 575 sf and average 2 bed 1100 sf -40 Parking Spaces with No Low-Income Housing Requirement -Adaptive Reuse Project with Completed Foundation & Facade -Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

See more
Commercial Active

Price

$ 2,800,000

Property Type

Commercial

Taxes

$ 0

Style

Apartment Building

Lot Size

0.9

Year Built

1920

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2359678
Features
Interior
Heating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
See more
General
Sewer Public Hook/Up Avail
Heating Central
Cooling Central A/C
Possession Immediate
Zoning I2
Construction Materials Masonry
Year Built 1920
Property Subtype Five Or More Units
Tax Year 2022
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Gross Income 1063200.00
Business Type Apartment Building
Accessibility 2+ Access Exits 32 + wide Doors 48 + Halls
County PHILADELPHIA
Net Operating Income 843212.00
Insurance Expense 37800.00
New Construction N
Property Type Commercial Sale
MaintenanceExpense 18900.00
Possible Use Residential
Water Access Y/N N
Status ACTIVE
Directions On Ontario St
City PHILADELPHIA
Number Of Units Total 64
MLS Area 19140 (19140)
Lot Size Units Square Feet
Lot Size Square Feet 39100.00
Tax Annual Amount 0.0
Electric Expense 15000.00
Price Per Sq Ft Total AG 78.54
Vacation Rental Y/N N
Virtual Tour https://new.express.adobe.com/webpage/a5ZloHjpUMLxb
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 232
Cap Rate 8.11
See more
Exterior
Parking Features Private Paved Parking
Water Source Public
Inclusions lans permits reports and surveys will be provided to the buyer
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 35650.00
Lot Dimensions 151.00 x 237.00
Lot Size Acres 0.90
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 2214
See more
* Excluded Features
List By
Kw Empower

Broker

rcassell@kw.com

Email

Affordability Calculator

$17,240
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,240
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/27/2025$2,100,000 -27.59% Price Down
6/18/2024$2,900,000 -3.33% Price Down
6/6/2024$3,000,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

2214 W Ontario Street, Philadelphia, PA, 19140 is a Commercial Property for sale at $2,800,000 with 35,650 sqft and a lot size of 0.9. 2214 W Ontario Street was built in 1920. The property's zip code is 19140 which is in Philadelphia, PA

Get more info