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Listed by Emily Nussbaum • Compass Pennsylvania, LLC
$599,000
Est. payment /mo
1,274 Sqft Lot
Active
1904 N 2ND ST Philadelphia, PA 19122
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Additional details
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH2646596
Year Built 1925
Annual Tax Amount $3,002
Tax Year 2026
Lot Size 1,274 Sqft
Acres 0.03
Lot Dimensions 16x72
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
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.
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.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2.5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Electric
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871099450
Ownership Fee Simple
Special Listing Condition Standard
