Multifamily Apartment
2328-44 N 2nd St Philadelphia, PA 19133
For Sale
$11,999,999
Residential income apartment building listed for sale at 2328-44 N 2nd St in Philadelphia.
Property Size43,775 SF
Price / SF$274.13
Days on Market44
Property Features for 2328-44 N 2nd St
General Information
- Standard status
- Active
- Size
- 43,775 SF
Building Details
- Year Built
- 2023
Listing Agency:
KW Empower
(484) 429-6769
Listed By:
Jim Onesti · License #RS224457L
(484) 429-6769
Source:
Evrealestate
Added: Jun 11
Changed: Jul 22
Last Checked: Jul 23 at 7:01AM
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
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building is offered as a residential income property. The listing includes the address 2328-44 N 2nd St and presents the asset as an apartment building within the “other apartment buildings” category.
The property is located in Philadelphia County (PHILADELPHIA). Public directions reference N Philip St, W York St, and N 2nd St.
Additional details such as unit mix, building condition, and specific income or expense information were not provided in the submission, so buyers should confirm all operating and physical particulars during due diligence.
The property is located in Philadelphia County (PHILADELPHIA). Public directions reference N Philip St, W York St, and N 2nd St.
Additional details such as unit mix, building condition, and specific income or expense information were not provided in the submission, so buyers should confirm all operating and physical particulars during due diligence.
Key Highlights
- Residential income apartment building for sale at 2328‑44 N 2nd St, Philadelphia
- Built in 2023
- Central air cooling
Financial Insights For Apartment 5plus
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 | $1.33M | $30.36 |
| − Vacancy | −$77.1k | −$1.76 |
| EGI | $1.25M | $28.60 |
| − OpEx | −$563.4k | −$12.87 |
| NOI | $688.6k | $15.73 |
43,775 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$9.84M
$8.61M – $11.48M
NOI $688,560 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.67M
$9.34M – $12.45M
NOI $747,016 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Residential income apartment building listed for sale at 2328-44 N 2nd St in Philadelphia.
Where is this apartment building located?
The property is located at 2328-44 N 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $11,999,999.
What are key features of this property?
This property features: Residential income apartment building for sale at 2328‑44 N 2nd St, Philadelphia; Built in 2023; Central air cooling
