Gated Two-Bedroom Income
New
For Sale
$465,000
130 N 2ND STREET Unit 4E2, Philadelphia, PA 19106
Loft-style residence with private parking, custom closets, and access to a secure community garage.
Property Size1,080 SF
Days on Market4
Property Features for 130 N 2ND STREET Unit 4E2
General Information
Standard status
Active
Size
1,080 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,678
Amenities
gated community
temperature-controlled garage
Building Details
Building Size
1,080 SF
Year Built
2006
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Andrew C. McClatchy
(484) 326-4516
Source:
Patmckennarealtors
Added: Sep 6
Changed: Sep 8
Last Checked: Sep 9 at 7:33AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
Unit 4E2 is a second-floor residential income property within The National, completed in 2006. The residence contains two bedrooms and two full bathrooms across just under 1,100 square feet, with a loft-style arrangement connecting the living, dining, and kitchen areas. The primary suite includes custom closet systems and an en-suite bathroom, while the additional bedroom and full bathroom provide flexible residential space.
The gated community includes maintained common areas and a temperature-controlled garage. This unit includes a private parking space and overlooks Elfreth's Alley. The property is at 130 N 2nd Street in Philadelphia's Old City, near the Betsy Ross House, waterfront, restaurants, galleries, and public transportation.
The gated community includes maintained common areas and a temperature-controlled garage. This unit includes a private parking space and overlooks Elfreth's Alley. The property is at 130 N 2nd Street in Philadelphia's Old City, near the Betsy Ross House, waterfront, restaurants, galleries, and public transportation.
Key Highlights
- Two‑bedroom, two‑bathroom residence with just under 1,100 square feet
- Second‑floor unit overlooking Elfreth's Alley
- Loft‑style living, dining, and kitchen arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,760
$339.8K
Cap Rate 7%
$242,686
$242.7K
Cap Rate 9%
$188,756
$188.8K
Market Conditions
NOI Build-Up for 1,080 SF
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.
Gross rent
$32.8K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$30.9K $28.60/SF
− OpEx
−$13.9K −$12.87/SF
NOI
$17.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,760
Cap Rate 7%
$242,686
Cap Rate 9%
$188,756
Alternative Uses
Best Use
Apartment 5plus
$242.7K
$212.4K – $283.1K
NOI $16,988 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$263.3K
$230.4K – $307.2K
NOI $18,430 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style residence with private parking, custom closets, and access to a secure community garage.
Where is this residential income property located?
The property is located at 130 N 2ND STREET Unit 4E2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residence with just under 1,100 square feet; Second‑floor unit overlooking Elfreth's Alley; Loft‑style living, dining, and kitchen arrangement
