990 & 992 N 2nd St - Apartments FOR SALE


Philadelphia, PA 19123- Northern Liberties
$2,100,000 USD
267-357-8057
990 & 992 N 2nd St, Philadelphia, PA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10

990 & 992 N 2nd St
Philadelphia, PA 19123
Northern Liberties


OVERVIEW

MPN is pleased to market for sale two contiguous buildings at 2nd & Wildey in Northern Liberties. These buildings are in the heart of the commercial corridor, across the street from Heirloom Market, Starbucks, and The Piazza. 990 N 2nd has continuously operated as a 3-unit multifamily for decades. 992 N 2nd was built from the ground up in 2010. The property features a ground-floor commercial space and a Wildey St entrance to the light-filled apartments above. In August 2026, the commercial tenant is approaching the end of their term with no options in place for renewal. While the tenant has indicated they would like to stay, this offers an opportunity to re-tenant at a market rate, which is substantially higher than the current lease. Alternatively, an owner-operator will have the opportunity to be in an unmatched location within the neighborhood. Additionally, the first floor of 990 N 2nd should be converted to retail, which would increase rent and facilitate a conversion to a NNN format.

FOR SALE DETAILS

PRICE

$2,100,000 USD

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

990 & 992 N 2nd Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CMX-2.5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Veronica BlumMPN RealtyMore Info
267-357-8057

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Veronica BlumMPN RealtyMore Info
267-357-8057

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