Two-Bedroom Residential Income
For Sale
$329,900
950 N 2ND STREET Unit UNIT 2B, Philadelphia, PA 19123
A Philadelphia residence combines open-plan living, shared rooftop space and a stated 10-year tax abatement.
Property Size956 SF
Price / SF$345.08
Days on Market172
Property Features for 950 N 2ND STREET Unit UNIT 2B
General Information
Standard status
Active
Size
956 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
shared roof deck
Building Details
Building Size
956 SF
Year Built
2026
Listing Agency:
KW Empower
Listed By:
Jim Onesti · License #RS224457L
(484) 429-6769
Source:
Desantis-realestate
Added: May 13
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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
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Investment Insights
Based on property information with market context.
This 956-square-foot residence in a 2026-built, 13-unit Philadelphia development has two bedrooms and two bathrooms. Its open-concept living area is complemented by high-end finishes and a top-of-the-line appliance package. Residents also have access to a shared roof deck.
The property is at 950 N 2nd Street in Northern Liberties, with 2nd Street dining, nightlife and shopping nearby. Fishtown is described as a short drive away. A 10-year tax abatement is stated for the unit. Parking is available at a nearby lot at 943 N 2nd Street; the source notes a one-year parking credit may be included with an acceptable offer.
The property is at 950 N 2nd Street in Northern Liberties, with 2nd Street dining, nightlife and shopping nearby. Fishtown is described as a short drive away. A 10-year tax abatement is stated for the unit. Parking is available at a nearby lot at 943 N 2nd Street; the source notes a one-year parking credit may be included with an acceptable offer.
Key Highlights
- 956‑square‑foot residence with two bedrooms and two bathrooms
- Located in a 13‑unit development built in 2026
- Open‑concept living area, high‑end finishes and top‑of‑the‑line appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,037
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,740
$300.7K
Cap Rate 7%
$214,814
$214.8K
Cap Rate 9%
$167,078
$167.1K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$29.0K $30.36/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$27.3K $28.60/SF
− OpEx
−$12.3K −$12.87/SF
NOI
$15.0K $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%
$300,740
Cap Rate 7%
$214,814
Cap Rate 9%
$167,078
Alternative Uses
Best Use
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$233.1K
$203.9K – $271.9K
NOI $16,314 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - A Philadelphia residence combines open-plan living, shared rooftop space and a stated 10-year tax abatement.
Where is this residential income property located?
The property is located at 950 N 2ND STREET Unit UNIT 2B Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 956‑square‑foot residence with two bedrooms and two bathrooms; Located in a 13‑unit development built in 2026; Open‑concept living area, high‑end finishes and top‑of‑the‑line appliances
