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Prime Two Building Corner in NoLibs 990 & 992 N 2nd St 6 Unit Apartment Building $1,890,000 ($315,000/Unit) Philadelphia, PA 19123
Investment Highlights
- Prime CORNER location!
- The property features a ground-floor commercial space and a Wildey St entrance to the light-filled apartments above.
- Frontage: 30' on N 2nd, 78' on Wildey St
- In the heart of the commercial corridor, across the street from Heirloom Market, Starbucks, and The Piazza.
- Great opportunity for an investor or owner-operator.
- Zoning: CMX-2.5
Executive Summary
MPN is pleased to market for sale two contiguous buildings at the CORNER of 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 St has continuously operated as a 3-unit multifamily for decades. 992 N 2nd was built from the ground up in 2010. Combined, these two adjacent properties are 6-units (2 commercial, 4 residential). The property features a ground-floor commercial space and a Wildey St entrance to the light-filled apartments above.
In August 2026, the dental commercial tenant in 992 N 2nd St 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 can be converted to retail, which would increase rent and facilitate a conversion to a NNN format.
All the commercial and residential units are fully leased.
990 N 2nd St has continuously operated as a 3-unit multifamily for decades. 992 N 2nd was built from the ground up in 2010. Combined, these two adjacent properties are 6-units (2 commercial, 4 residential). The property features a ground-floor commercial space and a Wildey St entrance to the light-filled apartments above.
In August 2026, the dental commercial tenant in 992 N 2nd St 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 can be converted to retail, which would increase rent and facilitate a conversion to a NNN format.
All the commercial and residential units are fully leased.
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Property Facts
| Price | $1,890,000 | Building Class | C |
| Price Per Unit | $315,000 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 4,947 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2010 |
| Property Subtype | Apartment | Cross Streets | Wildey |
| Zoning | CMX-2.5 - CMX-2.5 is a Philadelphia zoning district for Neighborhood Commercial Mixed-Use | ||
| Price | $1,890,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,947 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2010 |
| Cross Streets | Wildey |
| Zoning | CMX-2.5 - CMX-2.5 is a Philadelphia zoning district for Neighborhood Commercial Mixed-Use |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Oven
- Sprinkler System
- Views
- Walk-In Closets
- Deck
- Dining Room
- Island Kitchen
- Pantry
- Porch
- Smoke Free
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 871065000 | Improvements Assessment | $460,240 |
| Land Assessment | $115,060 | Total Assessment | $575,300 |
Property Taxes
Parcel Number
871065000
Land Assessment
$115,060
Improvements Assessment
$460,240
Total Assessment
$575,300
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