12-Unit Apartment
For Sale
$1,100,000
2522-2526 N 2ND STREET, Philadelphia, PA 19133
Multi-story rental property with studio, one-bedroom, and two-bedroom apartments.
Property Size5,838 SF
Lot Size0.10 Acres
Price / SF$188.42
Days on Market50
Property Features for 2522-2526 N 2ND STREET
General Information
Standard status
Active
Size
5,838 SF
Lot size
0.10 Acres
Property subtype
Five Or More Units
Site & Location
Neighborhood
Whitman
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
6 x studio, 3 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$4,027
Building Details
Year Built
1915
Listing Agency:
Loonstyn Brothers Realty LLC
Listed By:
Joseph M. Loonstyn Jr. · License #RM426384
(267) 252-0223
Source:
Patmckennarealtors
Added: Sep 18
Changed: Oct 31
Last Checked: Nov 4 at 10:10PM
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 Loonstyn Brothers Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-story apartment property contains 12 residential units arranged as six studios, three one-bedroom/one-bath units, and three two-bedroom/one-bath units. The building provides 5,838 square feet of gross building area and was constructed in 1915. The site encompasses four parcels totaling 0.10 acres.
The property sits adjacent to Fishtown and offers access to the Frankford Avenue dining, retail, and entertainment corridor. Connections to Aramingo Avenue, Frankford Avenue, Front Street, Interstate 95, and the Betsy Ross Bridge interchange support travel across the Philadelphia metropolitan area and into South Jersey. Center City and the Delaware River waterfront are also identified as accessible from the property.
The property sits adjacent to Fishtown and offers access to the Frankford Avenue dining, retail, and entertainment corridor. Connections to Aramingo Avenue, Frankford Avenue, Front Street, Interstate 95, and the Betsy Ross Bridge interchange support travel across the Philadelphia metropolitan area and into South Jersey. Center City and the Delaware River waterfront are also identified as accessible from the property.
Key Highlights
- 12‑unit apartment building with six studios, three one‑bedroom units, and three two‑bedroom units
- 5,838 square feet of gross building area
- Four parcels totaling 0.10 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,829
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,580
$1.8M
Cap Rate 7%
$1,311,843
$1.3M
Cap Rate 9%
$1,020,322
$1.0M
Market Conditions
NOI Build-Up for 5,838 SF
Gross rent
$177.2K $30.36/SF
− Vacancy
−$10.3K −$1.76/SF
EGI
$167.0K $28.60/SF
− OpEx
−$75.1K −$12.87/SF
NOI
$91.8K $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%
$1,836,580
Cap Rate 7%
$1,311,843
Cap Rate 9%
$1,020,322
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,829 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.42M
$1.25M – $1.66M
NOI $99,625 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-story rental property with studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 2522-2526 N 2ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12‑unit apartment building with six studios, three one‑bedroom units, and three two‑bedroom units; 5,838 square feet of gross building area; Four parcels totaling 0.10 acres
