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$2,800,000

  • For Sale
  • Active
  • Apartment
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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.

Full Property Details for 2214 W Ontario St

General

  • Price: $2,800,000
  • Taxes: (2022)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2359678
  • Updated: 3/6/2026
  • Added to Site: 669 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 40
  • Parking Features: Private, Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: 19140 (19140)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Cross Streets: 22nd St
  • Driving Directions: On Ontario St
  • Location Details: Urban

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Hook/Up Avail
  • Water: Public

Structural Information

  • Construction: Masonry
  • Building Size: 35650
  • Year Built: 1920
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.9
  • Lot Size (Sq. Ft.): 39,100
  • Lot Size Source: Assessor
  • Lot Dimensions: 151.00 x 237.00
  • Zoning: I2

Financial Considerations

  • Price Per Sq. Ft.: $78.54
  • Assessment Year: 2023
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax Year: 2022

Disclosures and Reports

  • Ownership: Fee Simple
  • Permits: On Hand
  • Inclusions: lans, permits, reports, and surveys will be provided to the buyer
  • Investment: Yes
  • Lot Number: 232

Listed by KW Empower, Richard K Cassell

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Listing agent

— 2214 W Ontario St —

  • Richard K Cassell

    KW Empower

Listing Office Email: vicki@kwempower.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2214 W Ontario St

School District:Philadelphia City School District
NameGradesDistance
Strawberry Mansion High School
3133 Ridge Ave, Philadelphia, PA 19132
9-111.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2214 W Ontario St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/18/2025
Price Increased
$2,800,000
33.33%
MLS
2/26/2025
Price Reduced
$2,100,000
-27.59%
MLS
6/17/2024
Price Reduced
$2,900,000
-3.33%
MLS
6/06/2024
Listed
$3,000,000
71.43%
MLS
12/26/2022
Sold
$1,750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2214 W Ontario St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,752
100%
$2,411,200
—
2024
100%
$2,411,200
100%
2023
100%
-100%
2022
-100%
$2,387,600
100%
2018
$7,206
-75%
-100%
2017
$29,117
—
$2,080,100
—
2016
$29,117
4%
$2,080,100
—
2015
$27,873
—
$2,080,100
—
2014
$27,873
2128%
$2,080,100
16151%
2013
$1,251
—
$12,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2214 W Ontario St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by KW Empower, Richard K Cassell

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2214 W Ontario Street, Philadelphia, PA 19140 (MLS# PAPH2359678) is a Apartment property. 2214 W Ontario Street is currently listed for $2,800,000 and was received on June 06, 2024. Want to learn more about 2214 W Ontario Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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