1620-22 N BAILEY ST, Philadelphia, PA 19121

Property Description

Exceptional investment opportunity to acquire a newly constructed 6-unit multifamily asset in a rapidly developing section of Philadelphia. Ideally positioned just 2 miles from major hospitals, minutes from Fairmount Park, and within walking distance to popular dining and neighborhood amenities, this turnkey property is designed to attract strong tenant demand and long-term rental stability. The building features thoughtfully designed modern residences with high-end finishes throughout, including contemporary two-tone kitchens, stainless steel appliances, Calacatta quartz countertops, recessed LED lighting, oversized casement windows, luxury vinyl flooring, and in-unit washer/dryers in every apartment. Select units offer eat-in kitchen bars, private balconies, walk-in showers, and access to roof deck space, creating premium appeal for today’s renters. Spacious bedroom layouts and ample closet space further enhance tenant retention potential. This asset presents an ideal opportunity for investors seeking low-maintenance new construction with strong income potential in one of Philadelphia’s growing rental corridors. With modern systems, efficient layouts, and luxury-style finishes, the property offers reduced near-term capital expenditure exposure and strong positioning for market-rate rents. Additional income potential is available through two on-site parking spaces leased separately at $100 per month each. Whether added to an existing portfolio or acquired as a stabilized long-term hold, this newly built multifamily property combines location, quality construction, and desirable amenities to create a compelling investment opportunity in the Philadelphia market.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:18PM

Listing Office:

BHHS Fox & Roach-Center City Walnut : 2156276005

Listing Agent:

Varda Yosef : 2156276005

MLS ID:

PAPH2619824

Interior

• Flooring: Luxury vinyl plank
• A/C: Ductless/Mini-Split
• Heating: OtherElectric
• Disability Feature: None

Exterior

• Parking: Private

Construction

• Roofing: Rubber
• General: Metal SidingConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RSA5324117000

Utilities

• Utilities: 200 amp service
• Water: Public
• Sewer: PrivateSewer

Financial

• Source: BRIGHT_MAIN