Contemporary Brick
For Sale
$650,000
2122 N 2ND Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size3,400 SF
Lot Size0.02 Acres
Price / SF$191.18
Days on Market83
Property Features for 2122 N 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Appliances
Built-In Microwave, Built-In Range, Compactor, Dishwasher, Dryer - Electric, ENERGY STAR Clothes Washer, Refrigerator
Subdivision
KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Special listing conditions
In Foreclosure
Standard status
Active
Size
3,400 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
249
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Central Air
Building Details
Year built
2020
Number of units
2
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Tiffany V Tran · License #RS358051
(856) 803-3482
Added: Jul 31
Changed: Oct 5
Last Checked: Oct 21 at 10:06PM
MLS# PAPH2652750
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2020, this contemporary brick duplex at 2122 N 2nd Street includes two separate residences and will be delivered vacant. The lower residence spans two levels plus a finished basement, with three bedrooms, three full bathrooms, and a private backyard. The upper residence occupies the third and fourth floors and provides two bedrooms, two full bathrooms, one half bath, and private rooftop access.
Both kitchens feature stainless steel appliances and upgraded finishes. Building systems include 90% forced-air heating, central A/C, an electric heat pump backup, and a sump pump. The property also has lever-handle doors, on-street parking, no HOA, and CMX2 zoning on a 0.0225-acre lot. Norris Square Park is approximately two minutes away, with Girard Avenue and Fishtown dining, bars, and coffee shops within walking distance.
Both kitchens feature stainless steel appliances and upgraded finishes. Building systems include 90% forced-air heating, central A/C, an electric heat pump backup, and a sump pump. The property also has lever-handle doors, on-street parking, no HOA, and CMX2 zoning on a 0.0225-acre lot. Norris Square Park is approximately two minutes away, with Girard Avenue and Fishtown dining, bars, and coffee shops within walking distance.
Key Highlights
- Two residences: 3 bedrooms and 3 full baths in Unit 1; 2 bedrooms, 2 full baths, and 1 half bath in Unit 2
- Built in 2020 with contemporary brick construction
- Private backyard for Unit 1 and rooftop access for Unit 2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,021
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,420
$1.2M
Cap Rate 7%
$828,871
$828.9K
Cap Rate 9%
$644,678
$644.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$87.7K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$82.9K $24.38/SF
− OpEx
−$24.9K −$7.31/SF
NOI
$58.0K $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%
$1,160,420
Cap Rate 7%
$828,871
Cap Rate 9%
$644,678
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,616
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with private outdoor areas, rooftop access, central air, and CMX2 zoning.
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: Two residences: 3 bedrooms and 3 full baths in Unit 1; 2 bedrooms, 2 full baths, and 1 half bath in Unit 2; Built in 2020 with contemporary brick construction; Private backyard for Unit 1 and rooftop access for Unit 2
