Residential Income Property with Private
For Sale
$390,000
950 N 2ND STREET Unit UNIT 2A, Philadelphia, PA 19123
Bright two-bedroom, two-bath residence in Artisans Edge with a massive private rooftop in Northern Liberties.
Property Size875 SF
Days on Market19
Property Features for 950 N 2ND STREET Unit UNIT 2A
General Information
Standard status
Active
Size
875 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
875 SF
Year Built
2025
Listing Agency:
KW Empower
(267) 718-1551
Listed By:
Grace Noelle Garner · License #RS373327
(267) 718-1551
Source:
Patmckennarealtors
Added: Jul 17
Changed: Jul 30
Last Checked: Aug 3 at 10:43AM
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.
Set in Artisans Edge, this two-bedroom, two-bath residence at 950 N 2nd St, Unit 2A offers an open-concept interior with expansive floor-to-ceiling windows and wide-plank hardwood floors. The designer kitchen features quartz countertops, custom cabinetry, premium stainless steel appliances, and a center island. The primary suite includes an oversized closet with custom built-ins and a spa-inspired en-suite bath.
A standout feature is the massive private rooftop, designed for outdoor living with sweeping city skyline views and an elevated vantage overlooking the Ben Franklin Bridge. The home was built in 2025.
Tax benefits include the original full 10-year tax abatement, not the newer graduated version. Parking is available at a nearby lot, subject to availability, and any parking credit for one year must be noted in the agreement of sale if a buyer wants parking included with an acceptable offer.
A standout feature is the massive private rooftop, designed for outdoor living with sweeping city skyline views and an elevated vantage overlooking the Ben Franklin Bridge. The home was built in 2025.
Tax benefits include the original full 10-year tax abatement, not the newer graduated version. Parking is available at a nearby lot, subject to availability, and any parking credit for one year must be noted in the agreement of sale if a buyer wants parking included with an acceptable offer.
Key Highlights
- Artisans Edge residence with expansive floor‑to‑ceiling windows and wide‑plank hardwood floors
- Two‑bedroom, two‑bath interior with open‑concept layout
- Designer kitchen with quartz countertops, custom cabinetry, and stainless steel appliances
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 | $26.6k | $30.36 |
| − Vacancy | −$1.5k | −$1.76 |
| EGI | $25.0k | $28.60 |
| − OpEx | −$11.3k | −$12.87 |
| NOI | $13.8k | $15.73 |
875 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$196.6K
$172.0K – $229.4K
NOI $13,763 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$213.3K
$186.7K – $248.9K
NOI $14,932 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Bright two-bedroom, two-bath residence in Artisans Edge with a massive private rooftop in Northern Liberties.
Where is this residential income property located?
The property is located at 950 N 2ND STREET Unit UNIT 2A Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Artisans Edge residence with expansive floor‑to‑ceiling windows and wide‑plank hardwood floors; Two‑bedroom, two‑bath interior with open‑concept layout; Designer kitchen with quartz countertops, custom cabinetry, and stainless steel appliances
