Straight Thru, Unit/Flat
1901 N 2ND STREET
PHILADELPHIA, PA 19122
MLS#: PAPH2658998
$790,000
Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
2,989
This is the kind of investment property buyers wait for. Rarely available large corner triplex in highly desirable Norris Square, offering just under 3,000 square feet, exceptional natural light, strong existing income, and multiple ways to create additional value. Thanks to its prominent corner position, oversized windows, and impressive 10+ ft ceilings throughout each floor, the building feels noticeably larger, brighter, and more open than the typical Philadelphia multifamily property. The property consists of three spacious 2-bedroom, 1-bath units, each featuring a modern, updated layout and its own washer and dryer. Units 2 and 3 take it a step further with private balconies accessed through sliding glass doors, giving tenants highly desirable private outdoor space rarely found in comparable rentals. The first-floor unit features its own private entrance, while the second- and third-floor apartments are accessed through a separate secure entrance, creating excellent separation between units. An additional bonus storage room on the first floor provides even more functionality for an owner or tenants. From an investment standpoint, this property is already positioned as a cash-flow machine. The first-floor unit is occupied by a strong existing tenant paying $1,550 per month, the second-floor unit is rented at $1,850 per month, and the vacant third-floor unit is projected at approximately $2,000 per month, creating potential gross rental income of approximately $5,400 per month / $64,800 annually. The third floor also presents a straightforward value-add opportunity, needing only light TLC to maximize its rental potential and presentation. For investors, this is a compelling opportunity to acquire a stabilized multifamily asset with additional upside. For an owner-occupant, the setup creates an equally attractive house-hacking opportunity—live in one unit while rental income from the others significantly offsets your housing costs. Located in Norris Square, the property sits in one of Philadelphia's most active residential pockets, surrounded by continued redevelopment and conveniently positioned near Fishtown, Kensington, neighborhood restaurants, shopping, public transportation, and major corridors throughout the city. Large corner triplex. Strong existing tenants. Private outdoor space. Nearly 3,000 square feet. Value-add upside. Serious income potential. Whether you're looking to expand your portfolio or live in one unit while the other two help pay the mortgage, this is a rare Norris Square investment opportunity that delivers both cash flow and long-term upside.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Above Grade Finished Area
2989.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Other Exterior Features
Balcony, Lighting
-
Parking
On Street
-
Patio and Porch Features
Deck
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,115
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Straight Thru, Unit/Flat
Price
-
Sales Price
$790,000
-
Tax Amount
$3,479
-
Financing Options
Cash, Conventional, FHA
-
Sq. Footage
2,989
-
Price/SqFt
$264
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Accessibility Features
Accessible Hallway(s)
-
Foundation Details
Brick/Mortar, Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
144
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Monazel Abdulelah, Keller Williams Real Estate Tri-County
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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