Gated Two-Bedroom Income
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 Market61
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
Site & Location
Neighborhood
Center City
Public Transit
Yes
Additional Details
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: Oct 31
Last Checked: Nov 4 at 8:04PM
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
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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 / Yr
$16,988
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,253
Businesses Nearby
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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 - 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
