2062 N 2nd St - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$890,000 USD
215-459-4051
2062 N 2nd St, Philadelphia, PA for Sale
$890,000 USD
Apartments - FOR SALE
1/5
null | 6.12% Cap Rate

2062 N 2nd St
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • Pro-forma NOI of ~$59,000
  • First Floor apartment w/ courtyard and Commercial Space could be ideal for owner-operator or leased individually
  • Second and Third Floor Residential Units offer spacious accommodations, with private balconies
  • Seller could offer special incentives to qualified buyers

OVERVIEW

MPN Realty is pleased to present the sale of 2062 N 2nd Street, a newly constructed (2021) mixed-use property located in the rapidly developing Norris Square / Olde Kensington corridor. This 4,200 SF building features one commercial unit and three residential units, with two apartments currently occupied and both the commercial space and one residential unit delivered vacant — allowing flexibility for investors or future owners seeking to occupy part of the building. The offering provides investors with the ability to stabilize the rent roll by activating the storefront and securing a tenant for the remaining apartment, unlocking immediate income growth. Modern finishes, efficient layouts, and a clean building profile make the asset highly marketable to today’s tenant base, creating a clear path to improved performance and long-term consistency. Situated near Olde Kensington and Fishtown, the property is surrounded by a surge of new residential development, local retailers, and an expanding consumer base, all contributing to sustained demand in the corridor. With its combination of new construction, income momentum, and leasing flexibility, 2062 N 2nd Street presents a compelling opportunity for investors looking to position themselves in one of Philadelphia’s fastest-growing submarkets.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

4

PRICE/UNIT

$222,500

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2062 N 2nd Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

CMX-2

APN/PARCEL ID

871402712

ASK ABOUT THIS PROPERTY

Johnny CraigMPN RealtyMore Info
215-459-4051

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Johnny CraigMPN RealtyMore Info
215-459-4051

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.