1904 N 2nd St, Philadelphia, PA 19122
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
1904 N 2nd St,Philadelphia, PA 19122
$599,000
- - Beds
- - Baths
- 2,592 sq. ft.
- Multi-family
- Active
Listed by: emily nussbaum
Office: compass pennsylvania, llc.
MLS#:PAPH2639684
Source:BRIGHTMLS
Price summary
- Price:$599,000
- Price per sq. ft.:$231.1
About this home
Excellent opportunity to purchase a mixed-use multi-family property in the heart of rapidly appreciating Olde Kensington. This fully leased, income producing, CMX2.5 building offers three residential units over one commercial space.
The property currently generates $4,825/month ($57,900/year), with low operating expenses and exceptionally low annual taxes of just $3,002 (2026).
Originally purchased from an owner-occupant with a rental license for one rental unit over retail space, the property has since undergone a significant legal conversion and improvement process. The building was formally and legally converted to three residential units over one retail space to reflect the accurate configuration of the property. The permitting and inspection process was managed through the Philadelphia Bureau of Building Standards.
The building had previously been refreshed in 2019, including updated kitchens, bathrooms and flooring. Most recently, 2026 updates include a brand new asphalt roof, hot water heater, washer/dryer, and 6 new windows. This fully leased property offers a rare combination of income-producing use, updated condition, documented compliance work, and the possibility of long-term upside in one of Philadelphia’s most active growth corridors.
Surrounded by continued development, new construction, restaurants, popular retail, and a short walk to public transportation (the Berks Street El stop is only a few blocks east!) - it is an investors dream. With its updated licensing, Certificate of Occupancy, and desirable mixed-use configuration, this is a compelling opportunity for buyers seeking both current cash flow and future appreciation.
Buyer is responsible for independently verifying lot size, taxes, zoning, permitted uses, rental licensing, Certificate of Occupancy, and any egress/ingress requirements. Current licensing documents and rent roll available for review upon request by qualified buyers. Photos shown are of unit 1 (the smallest studio layout in building). All residential units have similar level of finishes and are all studios....
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Home facts
- Year built:1925
- Listing ID #:PAPH2639684
- Added:1 day(s) ago
- Updated:June 23, 2026 at 05:37 AM
Rooms and interior
- Basement:Yes
- Basement Description:Poured Concrete
- Living area:2,592 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Electric, Forced Air
Structure and exterior
- Roof:Asphalt
- Year built:1925
- Building area:2,592 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Traditional
- Construction Materials:Masonry
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$231.1
- Tax amount:$3,002 (2026)
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