32 Rittenhouse StPhiladelphia, PA 19144

Property Details for 32 Rittenhouse St

Year built

2025

Property size (Sq ft)

18,000 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.038

Longitude

-75.1754

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