Residential Income Property with Roof
For Sale
$450,000
1526 N 2ND STREET Unit 8, Philadelphia, PA 19122
Condominium features modern finishes, elevator access, secure parking, and skyline views.
Property Size1,000 SF
Days on Market42
Property Features for 1526 N 2ND STREET Unit 8
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,216
Amenities
private roof deck
in-unit washer and dryer
Building Details
Building Size
1,000 SF
Year Built
2012
Listing Agency:
KW Empower
(484) 221-1556
Listed By:
Jeniffer Benner · License #RS337797
(484) 221-1556
Source:
Patmckennarealtors
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 5 at 4:33AM
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 KW Empower
Investment Insights
Based on property information with market context.
This 2012 condominium offers two bedrooms and two bathrooms within an open-concept layout. Oversized windows bring abundant daylight to maple flooring and solid wood doors, while the kitchen includes 42-inch soft-close cabinets, under-cabinet lighting, quartz counters, a seating island, pendant fixtures, and appliances installed in 2026. The residence also has a private roof deck, a laundry room with a washer and dryer replaced in 2025, and a fresh interior paint finish completed in 2025.
Building amenities include an elevator and gated covered parking for one car. The property is located within walking distance of dining, shopping, and entertainment options in Fishtown and Northern Liberties, including Wissahickon Brewing Company, Suraya, Ama, Jaffa Bar, and Kalaya.
Building amenities include an elevator and gated covered parking for one car. The property is located within walking distance of dining, shopping, and entertainment options in Fishtown and Northern Liberties, including Wissahickon Brewing Company, Suraya, Ama, Jaffa Bar, and Kalaya.
Key Highlights
- Two‑bedroom, two‑bathroom condominium built in 2012
- Private roof deck with skyline views
- 42‑inch soft‑close cabinetry, quartz countertops, and island seating
Financial Insights For Apartment 5plus
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 | $30.4k | $30.36 |
| − Vacancy | −$1.8k | −$1.76 |
| EGI | $28.6k | $28.60 |
| − OpEx | −$12.9k | −$12.87 |
| NOI | $15.7k | $15.73 |
1,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,144
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium features modern finishes, elevator access, secure parking, and skyline views.
Where is this residential income property located?
The property is located at 1526 N 2ND STREET Unit 8 Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium built in 2012; Private roof deck with skyline views; 42‑inch soft‑close cabinetry, quartz countertops, and island seating
