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Property profile & analytics
OFF-MARKET
Office Spaces

136 2nd St1c Philadelphia, PA 19106-1932

1,577 SF 0.04 ac lot Built 1900
Individually Owned 18-yr Hold Free & Clear
Property ID
US73-1268073
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,577 SF
Lot 0.04 ac (1,577 SF)
Zoning code CMX3
APN 88-8-0537-22
UPID US73-1268073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Malt House Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William E Whalon · 18 yrs held
William E Whalon
since 2008
Last sale
$418,000
2 recorded transactions
2008
$399,000
1969
Price N/A
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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