32 Rittenhouse StPhiladelphia, PA 19144

For Sale
$4,350,000

Luxury Philly rental homes, 10 units.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a portfolio of ten brand-new, Class A, three-story townhomes totaling 18,000 square feet. Located at 32 E Rittenhouse St, Philadelphia, PA 19144, this property boasts a prime location in the thriving Germantown neighborhood, offering residents convenient access to shops, restaurants, and Vernon Park. Each unit features three bedrooms, two bathrooms, and approximately 1800 square feet of living space, including a private rooftop terrace. The development includes ten private garage parking spaces, a significant amenity in this urban setting. Built in 2025, this build-to-rent community is designed to meet evolving consumer preferences for spacious homes with outdoor amenities. The property benefits from a ten-year tax abatement, significantly reducing tax burdens. Situated in a top-ten US MSA, this investment offers strong potential for rent growth and appreciation. This is part two of a two-phase mixed-use development, with phase one already sold. The property is zoned RSA5 and presents a compelling opportunity to capitalize on the benefits of an Opportunity Zone. The asking price for this exceptional portfolio is $4,350,000.

Highlights

  • $4,350,000 asking price for a Class A, 10-unit multifamily property.
  • Brand new construction (2025) with 18,000 square feet of rentable space.
  • Ten 3-story townhomes, each with 3 bedrooms, 2 bathrooms, and private garage parking.
  • Located in a high-growth Philadelphia, PA submarket, within a Top 10 US MSA.
  • Features private rooftop terraces and benefits from a 10-year tax abatement.

Property Details for 32 Rittenhouse St

Property type
Multifamily properties, Residential income homes
Square Feet
18,000 SF
Class
A
Year Built
2025
Buildings
10
Stories
3
Units
10

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0380031
Longitude
-75.1753674
32 Rittenhouse St, Philadelphia, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
32 Rittenhouse St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message