Brick Duplex with Private
New
For Sale
$650,000
2122 N 2ND Street, Philadelphia, PA 19122
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size3,400 SF
Lot Size0.02 Acres
Price / SF$191.18
Days on Market2
Property Features for 2122 N 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Appliances
Built-In Microwave, Built-In Range, Compactor, Dishwasher, Dryer - Electric, ENERGY STAR Clothes Washer, Refrigerator
Subdivision
KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,400 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
249
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Amenities
private backyard
private rooftop access
stainless steel appliances
high-end finishes
Building Details
Year built
2020
Number of units
2
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tiffany V Tran · License #RS358051
(856) 803-3482
Added: Jul 31
Last Checked: Aug 1 at 2:06AM
MLS# PAPH2652750
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex built in 2020 is set up as two separate, independently arranged homes. Unit 1 spans two levels plus a fully finished basement and includes 3 bedrooms, 3 full bathrooms, and a private backyard. Unit 2 is located on floors three and four with 2 bedrooms, 2 full bathrooms, and a half bath, plus private rooftop access.
The property is on a 0.0225-acre lot and is zoned CMX2. Cooling is provided by central air. Heating is electric, with a heat pump backup mentioned, along with a sump pump.
The current occupancy provides two different ownership scenarios. Unit 1 is tenant-occupied and is scheduled to be vacant for delivery on September 1. Unit 2 is currently rented on a month-to-month basis. There is no HOA, and parking is available on-street.
The property is on a 0.0225-acre lot and is zoned CMX2. Cooling is provided by central air. Heating is electric, with a heat pump backup mentioned, along with a sump pump.
The current occupancy provides two different ownership scenarios. Unit 1 is tenant-occupied and is scheduled to be vacant for delivery on September 1. Unit 2 is currently rented on a month-to-month basis. There is no HOA, and parking is available on-street.
Key Highlights
- 0.0225‑acre brick duplex built in 2020, zoned CMX2
- Unit 1: two levels plus fully finished basement, 3 bed, 3 full baths, private backyard
- Unit 2: floors three and four, 2 bed, 2 full baths plus half bath, private rooftop access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.7k | $25.80 |
| − Vacancy | −$4.8k | −$1.42 |
| EGI | $82.9k | $24.38 |
| − OpEx | −$24.9k | −$7.31 |
| NOI | $58.0k | $17.06 |
3,400 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.3K
NOI $53,480 @ 7.0% cap · market cap 8.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex built in 2020 with CMX2 zoning, on-street parking, and two distinct unit layouts.
Where is this duplex located?
The property is located at 2122 N 2ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.0225‑acre brick duplex built in 2020, zoned CMX2; Unit 1: two levels plus fully finished basement, 3 bed, 3 full baths, private backyard; Unit 2: floors three and four, 2 bed, 2 full baths plus half bath, private rooftop access
