136 2nd St1c Philadelphia, PA 19106-1932
This 1,145-square-foot condo office space in Philadelphia's Old City (136-38 N 2nd Street, zip code 19106) presents a unique opportunity. Located in a 1914 building renovated in 2023, this single-unit property boasts a desirable creative/executive office layout. The open floor plan features eye-catching architectural details including vaulted brick ceilings, exposed brick, and arches, complemented by fresh paint and updated flooring. A modern kitchenette with stainless steel appliances adds convenience. The space is currently 100% occupied. The asking price is $205,000 ($179.04/sq ft). The property is zoned CMX3. Monthly condo fees are $199.08, with an annual Old City District fee of $56.66. Owner financing options are available, including a 6.9% interest rate with a 1-5 year balloon payment and a $50,000 down payment. A lease option is also available for $995/month, with a $200 monthly rent credit applied towards the final settlement. The property's Walk Score of 95 reflects its prime location within a vibrant, bustling area. Potential uses include an artist's studio, salon, architect's workspace, or a traditional office setup. Buyers are responsible for verifying property taxes. Detailed showing instructions are available through Showingtime.
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Malt House Condominium Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX3 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.