13-Unit Residential Income
For Sale
$495,000
950 N 2ND STREET Unit UNIT 3B, Philadelphia, PA 19123
New-construction condo development with luxury finishes, open-concept layouts, and a shared roof deck.
Property Size956 SF
Days on Market145
Property Features for 950 N 2ND STREET Unit UNIT 3B
General Information
Standard status
Active
Size
956 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
shared roof deck
top-of-the-line appliances
Building Details
Building Size
956 SF
Year Built
2025
Listing Agency:
KW Empower
(484) 429-6769
Listed By:
Jim Onesti · License #RS224457L
(484) 429-6769
Source:
Patmckennarealtors
Added: Mar 13
Changed: Jul 31
Last Checked: Aug 3 at 11:27AM
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.
Artisans Edge is a 2025-built residential income property comprising 13 condominium units at 950 N 2nd Street in Philadelphia. The development offers two-bedroom, two-bathroom layouts with open-concept living areas, high-end finishes, and top-of-the-line appliance packages. A large shared roof deck serves as a common amenity for residents.
The property is located in Northern Liberties, near 2nd Street’s dining, nightlife, and boutique shopping, with Fishtown minutes away. The building has the original full 10-year tax abatement. Parking is available at a nearby lot at 943 N 2nd St, subject to availability.
The property is located in Northern Liberties, near 2nd Street’s dining, nightlife, and boutique shopping, with Fishtown minutes away. The building has the original full 10-year tax abatement. Parking is available at a nearby lot at 943 N 2nd St, subject to availability.
Key Highlights
- 13‑unit residential income property built in 2025
- Two‑bedroom, two‑bathroom condominium layouts
- Open‑concept living with high‑end finishes
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 | $29.0k | $30.36 |
| − Vacancy | −$1.7k | −$1.76 |
| EGI | $27.3k | $28.60 |
| − OpEx | −$12.3k | −$12.87 |
| NOI | $15.0k | $15.73 |
956 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 3.04%
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 3.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - New-construction condo development with luxury finishes, open-concept layouts, and a shared roof deck.
Where is this residential income property located?
The property is located at 950 N 2ND STREET Unit UNIT 3B Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 13‑unit residential income property built in 2025; Two‑bedroom, two‑bathroom condominium layouts; Open‑concept living with high‑end finishes
