632-634 N 2nd St - Apartments FOR SALE


Philadelphia, PA 19123- Northern Liberties
$1,750,000 USD
267-546-1718
632-634 N 2nd St, Philadelphia, PA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/31
null | 6.23% Cap Rate

632-634 N 2nd St
Philadelphia, PA 19123
Northern Liberties


HIGHLIGHTS

  • Prime corner location in Northern Liberties’ thriving commercial corridor.
  • Fully leased mixed-use property with two retail spaces and four apartments.
  • Strong credit tenancy with Chase Bank as an anchor tenant.
  • Residential units leased below market rates, offering value-add potential.
  • Surrounded by top dining, retail, and entertainment destinations.
  • CMX-2.5 zoning allows for future redevelopment flexibility.

OVERVIEW

632-34 N 2nd Street offers a rare stabilized investment opportunity in the heart of Northern Liberties, one of Philadelphia’s most dynamic neighborhoods. This mixed-use property features two ground-floor commercial spaces and four fully leased residential units, providing immediate income and long-term upside. The corner retail space is anchored by Chase Bank, while the inline space is leased to Northern Liberties Mailbox Store, ensuring strong credit tenancy. Residential units include two one-bedroom and two two-bedroom apartments, all currently leased at below-market rents, creating a compelling value-add scenario. Positioned along the bustling North 2nd Street corridor, the property benefits from exceptional visibility and foot traffic in a neighborhood that has seen over 1,000 new residential units developed in recent years. Northern Liberties is a premier destination for dining, nightlife, and boutique retail, attracting a diverse and affluent demographic. With CMX-2.5 zoning, the property also offers future redevelopment potential. This is an ideal acquisition for investors seeking a stable, income-producing asset with significant growth potential in one of Philadelphia’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,222 SF

ZONING

CMX-2.5

APN/PARCEL ID

871064150

ASK ABOUT THIS PROPERTY

Nadia BilynskyMPN RealtyMore Info
267-546-1718

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Nadia BilynskyMPN RealtyMore Info
267-546-1718

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