Residential Condo Unit with Roof
For Sale
$369,900
950 N 2ND STREET Unit 4B, Philadelphia, PA 19123
The two-bedroom, two-bathroom layout combines open living space with access to a shared rooftop amenity.
Property Size956 SF
Days on Market38
Property Features for 950 N 2ND STREET Unit 4B
General Information
Standard status
Active
Size
956 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Road Access
Yes
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: Sep 25
Changed: Oct 31
Last Checked: Oct 30 at 10:37PM
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
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.
Unit 4B is a two-bedroom, two-bathroom condominium in a 13-unit residential building completed in 2026. The home has an open-concept layout and high-end finishes. Residents have access to a shared roof deck, and the property carries the original 10-year tax abatement.
The condominium is at 950 N 2nd Street in Philadelphia. Parking is available at a nearby lot at 943 N 2nd Street; it is separate from the unit.
The condominium is at 950 N 2nd Street in Philadelphia. Parking is available at a nearby lot at 943 N 2nd Street; it is separate from the unit.
Key Highlights
- Two‑bedroom, two‑bathroom condominium with an open‑concept layout
- Part of a 13‑unit residential building completed in 2026
- Shared roof deck available to residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,037
Cap Rate
4.07%
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 4.07%
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 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
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 - The two-bedroom, two-bathroom layout combines open living space with access to a shared rooftop amenity.
Where is this residential income property located?
The property is located at 950 N 2ND STREET Unit 4B Philadelphia, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium with an open‑concept layout; Part of a 13‑unit residential building completed in 2026; Shared roof deck available to residents
