Renovated Three-Story Mixed-Use
For Sale
$754,900
2006 N Front St, Philadelphia, PA 19122
CMX-2.5-zoned building with two residential units, each offering in-unit laundry.
Property Size2,968 SF
Price / SF$254.35
Days on Market86
Property Features for 2006 N Front St
General Information
Standard status
Active
Size
2,968 SF
Zoning
CMX-2.5
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1875
Buildings
1
Stories
3
Listing Agency:
KW Empower
Listed By:
Pearce J Vazquez · License #RS333250
(267) 250-8988
Source:
Riverfoxrealty
Added: Jul 28
Changed: Oct 2
Last Checked: Oct 21 at 2:22AM
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
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Investment Insights
Based on property information with market context.
Renovated three-story mixed-use property at 2006 N Front St with 2,968 square feet and a 1875 construction date. The building contains three units, two of which are currently occupied. Its two residential units each include two bedrooms, one bathroom, and in-unit laundry. The property is zoned CMX-2.5.
The site is positioned between Norris Square and Fishtown, near Sweet 45, Fleurs, and other local businesses. Public transit, major highways, bridges, dog parks, Northern Liberties, and Fishtown are also identified as accessible from the property.
The site is positioned between Norris Square and Fishtown, near Sweet 45, Fleurs, and other local businesses. Public transit, major highways, bridges, dog parks, Northern Liberties, and Fishtown are also identified as accessible from the property.
Key Highlights
- 2,968 SF, three‑story mixed‑use building
- CMX‑2.5 zoning
- Three total units with two currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,685
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,700
$933.7K
Cap Rate 7%
$666,929
$666.9K
Cap Rate 9%
$518,722
$518.7K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$90.1K $30.36/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$84.9K $28.60/SF
− OpEx
−$38.2K −$12.87/SF
NOI
$46.7K $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%
$933,700
Cap Rate 7%
$666,929
Cap Rate 9%
$518,722
Alternative Uses
Best Use
Apartment 5plus
$666.9K
$583.6K – $778.1K
NOI $46,685 @ 7.0% cap · market cap 6.18%
Second Best
Mixed Use
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 4.67%
Theoretical Best
Multifamily LT 5
$723.6K
$633.1K – $844.2K
NOI $50,649 @ 7.0% cap · market cap 6.71%
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
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,944
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2.5-zoned building with two residential units, each offering in-unit laundry.
Where is this mixed-use property located?
The property is located at 2006 N Front St Philadelphia, PA.
What is the asking price?
The asking price for this property is $754,900.
What are key features of this property?
This property features: 2,968 SF, three‑story mixed‑use building; CMX‑2.5 zoning; Three total units with two currently occupied
