Residential Income Property with Shared Roof
For Sale
$395,000
950 N 2ND STREET Unit 3B, Philadelphia, PA 19123
This two-bedroom, two-bath residence is part of a new-construction, multi-unit development.
Property Size956 SF
Days on Market12
Property Features for 950 N 2ND STREET Unit 3B
General Information
Standard status
Active
Size
956 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
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:
Patmckennarealtors
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 30 at 9:40PM
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.
Unit 3B is a two-bedroom, two-bath residence in Artisans Edge, a 13-unit condominium development completed in 2026. The building includes open-concept floor plans, contemporary finishes, upgraded appliance packages, and a shared rooftop deck. The unit is described as having the original full 10-year tax abatement rather than the graduated version.
The property is at 950 N 2nd Street in Philadelphia’s Northern Liberties neighborhood, near 2nd Street and within minutes of Fishtown. Parking is offered at a nearby lot at 943 N 2nd Street; the listing describes a one-year parking credit subject to inclusion in the agreement of sale.
The property is at 950 N 2nd Street in Philadelphia’s Northern Liberties neighborhood, near 2nd Street and within minutes of Fishtown. Parking is offered at a nearby lot at 943 N 2nd Street; the listing describes a one-year parking credit subject to inclusion in the agreement of sale.
Key Highlights
- 13‑unit condominium development completed in 2026
- Unit 3B has 2 bedrooms and 2 bathrooms
- Shared rooftop deck and upgraded appliance packages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,037
Cap Rate
3.81%
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 3.81%
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 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - This two-bedroom, two-bath residence is part of a new-construction, multi-unit development.
Where is this residential income property located?
The property is located at 950 N 2ND STREET Unit 3B Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 13‑unit condominium development completed in 2026; Unit 3B has 2 bedrooms and 2 bathrooms; Shared rooftop deck and upgraded appliance packages
