Two-Bedroom Residential Income
For Sale
$255,000
2010 N 5TH STREET Unit 2C, Philadelphia, PA 19122
Contemporary condo with an open layout, island kitchen, stainless steel appliances, and access to a shared courtyard.
Property Size768 SF
Days on Market60
Property Features for 2010 N 5TH STREET Unit 2C
General Information
Standard status
Active
Size
768 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Greenwich
Taxes and HOA fees
Annual Taxes
$495
Building Details
Building Size
768 SF
Year Built
2022
Listing Agency:
BHHS Fox & Roach-Media
Listed By:
Susan Orloff · License #RS207153L
(610) 812-6763
Source:
Patmckennarealtors
Added: Sep 3
Changed: Oct 31
Last Checked: Oct 30 at 10:23PM
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 BHHS Fox & Roach-Media
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Investment Insights
Based on property information with market context.
Built in 2022, this two-bedroom condo combines an open living arrangement with practical modern finishes. The kitchen includes a center island and stainless steel appliances, while the full bathroom features a tub and shower combination. A shared courtyard adds outdoor space for residents.
The property is positioned between South Kensington and Fishtown, approximately eight blocks from Temple University. Shopping, restaurants, neighborhood attractions, and the university are all identified as nearby, supporting a walkable urban setting. The residence is located at 2010 N 5th Street, Unit 2C, in Philadelphia, Pennsylvania.
The property is positioned between South Kensington and Fishtown, approximately eight blocks from Temple University. Shopping, restaurants, neighborhood attractions, and the university are all identified as nearby, supporting a walkable urban setting. The residence is located at 2010 N 5th Street, Unit 2C, in Philadelphia, Pennsylvania.
Key Highlights
- Two‑bedroom condo built in 2022
- Open floor plan with center‑island kitchen
- Stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,080
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,600
$241.6K
Cap Rate 7%
$172,571
$172.6K
Cap Rate 9%
$134,222
$134.2K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$23.3K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.0K $28.60/SF
− OpEx
−$9.9K −$12.87/SF
NOI
$12.1K $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%
$241,600
Cap Rate 7%
$172,571
Cap Rate 9%
$134,222
Alternative Uses
Best Use
Apartment 5plus
$172.6K
$151.0K – $201.3K
NOI $12,080 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$187.2K
$163.8K – $218.4K
NOI $13,106 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condo with an open layout, island kitchen, stainless steel appliances, and access to a shared courtyard.
Where is this residential income property located?
The property is located at 2010 N 5TH STREET Unit 2C Philadelphia, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two‑bedroom condo built in 2022; Open floor plan with center‑island kitchen; Stainless steel kitchen appliances
