Brick Duplex with Private Rooftop
New
For Sale
$650,000
2122 N 2ND STREET, Philadelphia, PA 19122
2020-built Norris Square duplex with two units, private outdoor space, and on-street parking.
Property Size3,400 SF
Price / SF$191.18
Days on Market4
Property Features for 2122 N 2ND STREET
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Duplex
Zoning
CMX2
Occupancy
100%
Amenities
forced-air heating
central A/C
electric heat pump backup
sump pump
lever-handle doors
Building Details
Year Built
2020
Buildings
1
Construction
brick
Tenancy
Multi
Abandoned
No
Listing Agency:
Realty Mark Associates
(856) 803-3482
Listed By:
Tiffany V Tran · License #RS358051
(856) 803-3482
Source:
Cummingsrealtors
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 11:54AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
Built in 2020, this brick duplex at 2122 N 2nd St offers 2,800 square feet across two well-laid-out units. Unit 1 spans two levels plus a fully finished basement with three bedrooms, three full bathrooms, and a private backyard. The unit is currently tenant-occupied and is scheduled to deliver vacant September 1. Unit 2 occupies floors three and four with two bedrooms, two full bathrooms, and a half bath, along with private rooftop access.
Both units include kitchens with stainless steel appliances. The property features efficient 90% forced-air heating with central A/C and electric heat pump backup, plus a sump pump and lever-handle doors. There is no HOA, and parking is provided via on-street spaces.
Located in Norris Square, the building is about two minutes from the park and within walking distance to Girard Ave and Fishtown’s dining and retail. The property is zoned CMX2.
Both units include kitchens with stainless steel appliances. The property features efficient 90% forced-air heating with central A/C and electric heat pump backup, plus a sump pump and lever-handle doors. There is no HOA, and parking is provided via on-street spaces.
Located in Norris Square, the building is about two minutes from the park and within walking distance to Girard Ave and Fishtown’s dining and retail. The property is zoned CMX2.
Key Highlights
- 2020‑built brick duplex with 2,800 SF across two units
- Unit 1: three bedrooms, three full baths, private backyard; delivers vacant September 1
- Unit 2: two bedrooms, two full baths plus half bath; private rooftop access
Financial Insights For Multifamily LT 5
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 | $87.7k | $25.80 |
| − Vacancy | −$4.8k | −$1.42 |
| EGI | $82.9k | $24.38 |
| − OpEx | −$24.9k | −$7.31 |
| NOI | $58.0k | $17.06 |
3,400 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.3K
NOI $53,480 @ 7.0% cap · market cap 8.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,616
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2020-built Norris Square duplex with two units, private outdoor space, and on-street parking.
Where is this duplex located?
The property is located at 2122 N 2ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2020‑built brick duplex with 2,800 SF across two units; Unit 1: three bedrooms, three full baths, private backyard; delivers vacant September 1; Unit 2: two bedrooms, two full baths plus half bath; private rooftop access
