Log In/Sign Up
Your email has been sent.
222 Church Street 220-222 Church St 45 Unit Apartment Building $12,000,000 ($266,667/Unit) Philadelphia, PA 19106



INVESTMENT HIGHLIGHTS
- PRIME CENTRAL OLD CITY LOCATION - TOP 10 USA MSA
- ±20% RENTAL UPSIDE
- GROUND-FLOOR COMMERCIAL ANCHORS
- HISTORIC APARTMENT BUILDING W/ HIGH HISTORICAL OCCUPANCY
- OVERSIZED, SPACIOUS UNITS
- AMERICA'S MOST HISTORIC MILE
EXECUTIVE SUMMARY
222 Church Street in Old City represents one of the finest multifamily acquisitions available in the Greater Philadelphia marketplace, standing tall and proud, boasting forty-five (45) units with a stately redbrick facade in Philly’s most historic district. Anchored by three (3) ground floor commercial spaces which activate the streetscape, the location at 2nd and Market cannot be replicated — this is irreplaceable commercial real estate in a Top-10 USA MSA — the #1 destination in the world to visit in 2026, according to WSJ. As the world descends upon Philadelphia in the summer of 2026 for the World Cup, America’s (250th) Semiquincentennial celebration, MLB All-Star Game and PGA Championship, 222 Church is positioned at the forefront of the action. The Property consists of commercial (11%), studios (9%), 1bd (51%) and 2bd (29%) apartments with private balconies on the north side of the building and private decks on the west side of the building. Cobblestone entry (via Church Street), hardwood floors, exposed brick and beam, 20’ ceilings (in select units), central HVAC, lofted units (in select units), updated appliances, southern exposure and dramatic curb appeal are some of the cornerstone characteristics of this ±51,000 SF turnkey apartment building. The massive ±.25-acre lot runs street-to-street from Market-to-Church, with ±67' of prime Old City Market Street frontage — providing exceptional coverage and access for residents and commercial patrons alike. Highly-coveted CMX3 zoning affords potential for “air-rights” vertical enhancement if desired, as well as short-term stay accommodations “by-right.” The 2nd Street Station is located on the corner (Septa Market-Frankford train), providing immediate access to Center City and University City. Independence Hall, The Liberty Bell, Elfreth’s Alley, Betsy Ross House and many of the world’s most sought-after historic attractions are within walking distance in "America's Most Historic Square Mile" — as well as the popular galleries, cafes, shops, boutiques and restaurants that make Old City one of the most vibrant neighborhoods on the Eastern seaboard — particularly on “First Fridays.” Quick connections to the New Jersey bridges, I-95 and 676 can be made by car in just minutes. Many of the region’s top companies are headquartered along the Market Street corridor from river-to-river, positioning 222 Church as a highly-eligible candidate for the local corporate workforce and creatives, as well as the world-class health systems (CHOP, HUP, JEFFERSON) that power Philly’s economy. Convenience, connectivity, culture, cuisine and commerce intersect at 222 Church — a rare, 6-storey, elevator apartment building with neighborhood-friendly retail, strong historic residential occupancy and tangible rental upside via capital enhancements — a generational, prime central real estate acquisition opportunity with ±20% rental upside and the ability to convert the rear commercial spaces into Class-A amenities for building residents.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$902,407
|
$22.49
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $902,407 |
| Annual Per SF | $22.49 |
PROPERTY FACTS
| Price | $12,000,000 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 51,000 SF |
| No. Units | 45 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1890 |
| Apartment Style | Mid-Rise | Cross Streets | 233-237 Market St |
| Zoning | CMX3 - AIR-RIGHTS AND SHORT-TERM STAY, ALLOWABLE BY-RIGHT | ||
| Price | $12,000,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 51,000 SF |
| Average Occupancy | 90% |
| No. Stories | 6 |
| Year Built | 1890 |
| Cross Streets | 233-237 Market St |
| Zoning | CMX3 - AIR-RIGHTS AND SHORT-TERM STAY, ALLOWABLE BY-RIGHT |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 881005510 | Improvements Assessment | $6,440,000 |
| Land Assessment | $2,760,000 | Total Assessment | $9,200,000 |
PROPERTY TAXES
Parcel Number
881005510
Land Assessment
$2,760,000
Improvements Assessment
$6,440,000
Total Assessment
$9,200,000
1 of 69
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Contact the Sale Advisor
222 Church Street | 220-222 Church St
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
