One-Bedroom Residential Income
For Sale
$315,000
104 N 2ND STREET Unit 204, Philadelphia, PA 19106
The unit includes a den, updated kitchen appliances, and bathroom fixtures in Philadelphia’s Old City neighborhood.
Property Size960 SF
Days on Market14
Property Features for 104 N 2ND STREET Unit 204
General Information
Standard status
Active
Size
960 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$854
Building Details
Building Size
960 SF
Year Built
1904
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Jennifer L Smith · License #RS354025
(215) 778-9262
Source:
Patmckennarealtors
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 30 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium includes a den and has a 1904 construction date. Kitchen improvements include new countertops, a refrigerator, and a stove in September 2026; the dishwasher was replaced in 2025. Other work includes updated bathroom fixtures and closet doors, custom draperies in the den and bedroom, and added sound insulation in the hallway.
The property is in Old City, Philadelphia, with access to Center City, public transportation, and major highways. The Delaware River waterfront, Independence Hall, the Liberty Bell, and Elfreth’s Alley are among the nearby destinations identified. Restaurants, shops, galleries, and cafes are also part of the neighborhood context.
The property is in Old City, Philadelphia, with access to Center City, public transportation, and major highways. The Delaware River waterfront, Independence Hall, the Liberty Bell, and Elfreth’s Alley are among the nearby destinations identified. Restaurants, shops, galleries, and cafes are also part of the neighborhood context.
Key Highlights
- One bedroom and one full bathroom, with a den
- 1904 construction date
- Kitchen countertops, refrigerator, and stove replaced or updated in September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,100
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,000
$302.0K
Cap Rate 7%
$215,714
$215.7K
Cap Rate 9%
$167,778
$167.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$29.1K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.5K $28.60/SF
− OpEx
−$12.4K −$12.87/SF
NOI
$15.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,000
Cap Rate 7%
$215,714
Cap Rate 9%
$167,778
Alternative Uses
Best Use
Apartment 5plus
$215.7K
$188.8K – $251.7K
NOI $15,100 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$234.0K
$204.8K – $273.0K
NOI $16,382 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes a den, updated kitchen appliances, and bathroom fixtures in Philadelphia’s Old City neighborhood.
Where is this residential income property located?
The property is located at 104 N 2ND STREET Unit 204 Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: One bedroom and one full bathroom, with a den; 1904 construction date; Kitchen countertops, refrigerator, and stove replaced or updated in September 2026
