Corner Triplex with Private
For Sale
$790,000
1901 N 2ND STREET, Philadelphia, PA 19122
Updated three-unit multifamily property with separate entrances, oversized windows, and private outdoor space on two upper-level apartments.
Property Size2,989 SF
Price / SF$264.30
Days on Market57
Property Features for 1901 N 2ND STREET
General Information
Standard status
Active
Size
2,989 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
needing only light TLC
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private balconies
in-unit washer/dryer
private entrance
storage room
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate Tri-County
(215) 464-8800
Listed By:
Monazel Abdulelah · License #RS360046
(215) 607-9958
Source:
Cummingsrealtors
Added: Aug 15
Changed: Oct 7
Last Checked: Oct 9 at 11:21PM
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 Real Estate Tri-County
Investment Insights
Based on property information with market context.
This 1920-built triplex contains three 2-bedroom, 1-bath apartments within 2,989 square feet. The corner building features oversized windows and 10+ ft ceilings throughout each floor, contributing to bright, open interiors. Each unit has an updated layout and its own washer and dryer. Two upper-floor apartments include private balconies reached through sliding glass doors, while the first-floor residence has a dedicated entrance. A separate secure entry serves the second- and third-floor units, and an additional first-floor storage room provides practical flexibility.
The property is located at 1901 N 2ND STREET in Philadelphia’s Norris Square neighborhood, near Fishtown, Kensington, neighborhood restaurants, shopping, public transportation, and major city corridors. The third-floor apartment is vacant and requires light TLC, while the first- and second-floor units are occupied or leased. The layout also supports owner-occupancy with separate rental units.
The property is located at 1901 N 2ND STREET in Philadelphia’s Norris Square neighborhood, near Fishtown, Kensington, neighborhood restaurants, shopping, public transportation, and major city corridors. The third-floor apartment is vacant and requires light TLC, while the first- and second-floor units are occupied or leased. The layout also supports owner-occupancy with separate rental units.
Key Highlights
- Three 2‑bedroom, 1‑bath units in a 2,989‑square‑foot triplex
- Prominent corner position at 1901 N 2ND STREET, Philadelphia, PA 19122
- 10+ ft ceilings and oversized windows throughout each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,007
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,140
$1.0M
Cap Rate 7%
$728,671
$728.7K
Cap Rate 9%
$566,744
$566.7K
Market Conditions
NOI Build-Up for 2,989 SF
Gross rent
$77.1K $25.80/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$72.9K $24.38/SF
− OpEx
−$21.9K −$7.31/SF
NOI
$51.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,140
Cap Rate 7%
$728,671
Cap Rate 9%
$566,744
Alternative Uses
Best Use
Multifamily LT 5
$728.7K
$637.6K – $850.1K
NOI $51,007 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$671.7K
$587.7K – $783.6K
NOI $47,016 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,981
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Updated three-unit multifamily property with separate entrances, oversized windows, and private outdoor space on two upper-level apartments.
Where is this triplex located?
The property is located at 1901 N 2ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units in a 2,989‑square‑foot triplex; Prominent corner position at 1901 N 2ND STREET, Philadelphia, PA 19122; 10+ ft ceilings and oversized windows throughout each floor
