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701 & 980 N 2nd Street 2 Multifamily Properties in Philadelphia, PA
Investment Highlights
- Mixed-use portfolio in Northern Liberties featuring residential units above ground-floor commercial space in modern mid-rise buildings.
- Excellent connectivity with convenient access to major highways, public transit, and key employment centers.
- Well-located urban asset positioned in a high-demand submarket with a strong renter base and walkable surroundings.
- Stable income potential supported by limited new supply, rising costs to build, and ongoing neighborhood growth.
Executive Summary
Icon Real Estate Advisors is pleased to present 701 & 980 N 2nd Street (the “Portfolio”), a mixed-use asset comprising 13 residential units and 2 commercial space totaling approximately 13,016 square feet. Built in 2013 and 2014, the three and four-story properties are located in Philadelphia’s Northern Liberties neighborhood, offering investors a well-positioned urban asset with stable income potential.
The Portfolio is strategically positioned within a high-demand urban submarket characterized by dense renter populations, walkable amenities, and strong connectivity to Center City Philadelphia. Proximity to I-95, SEPTA transit, and regional employment hubs enhances resident accessibility, while limited infill development and rising replacement costs constrain new supply. These factors combine to provide investors with stable in-place cash flow and long-term upside potential through continued rent growth and submarket appreciation.
The Portfolio is strategically positioned within a high-demand urban submarket characterized by dense renter populations, walkable amenities, and strong connectivity to Center City Philadelphia. Proximity to I-95, SEPTA transit, and regional employment hubs enhances resident accessibility, while limited infill development and rising replacement costs constrain new supply. These factors combine to provide investors with stable in-place cash flow and long-term upside potential through continued rent growth and submarket appreciation.
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Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 19,120 SF |
| Number of Properties | 2 | Total Land Area | 0.10 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,120 SF |
| Total Land Area | 0.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 701-703 N 2nd St, Philadelphia, PA 19123 | Multifamily | 11,120 SF | 2014 | - |
| 980-982 N 2nd St, Philadelphia, PA 19123 | Multifamily | 8,000 SF | 2013 | - |
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701 & 980 N 2nd Street