2062 N 2nd Street 2062 N 2nd St 4 Unit Apartment Building $890,000 ($222,500/Unit) 6.12% Cap Rate Philadelphia, PA 19122

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.