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1614 N 2nd Street

Philadelphia, PA 19122

– beds
– baths
2,838 sqft
1,350 sqft lot
$317 per sqft
1915 build

Welcome to this exceptional triplex located in the vibrant neighborhood of Olde Kensington! This fully renovated property, completed in 2016, boasts beautiful hardwood floors throughout and has been meticulously maintained. With a proven track record of success, it has experienced only one month of vacancy for one unit since renovations were completed, making it a fantastic investment opportunity. This triplex consists of three well-appointed units, all featuring spacious layouts designed for comfort and convenience: - **Apartment 1:** $2,145/month - A charming 2-bedroom, 1-bathroom unit with an inviting garden area, perfect for outdoor relaxation. - **Apartment 2:** $1,978/month - Another delightful 2-bedroom, 1-bathroom unit featuring a private deck, ideal for enjoying morning coffee or evening sunsets. - **Apartment 3:** $1,627/month - This cozy 2-bedroom, 1-bathroom unit also offers a deck, providing additional outdoor space for tenants. With gross annual rents totaling **$69,000**, this triplex presents a solid income stream. The building benefits from separate gas and electric meters as well as independent HVAC systems for each unit, allowing for enhanced tenant satisfaction and reduced operational costs. Situated on a quiet block amidst an impressive array of new construction developments, this property attracts amazing tenants who appreciate the charm of the neighborhood. The outdoor patios provide a wonderful space for tenants to unwind and enjoy the surrounding community. Don’t miss your chance to own this remarkable triplex in a thriving area with strong rental demand. It requires no repairs or updates—simply take over and start enjoying the benefits of this outstanding investment! For inquiries or to schedule a viewing, please contact us today!

Listing courtesy of BRIGHT / Tesla Realty Group, LLC

Last checked: Checking… • Last updated Mar 12, 2025 •

MLS# PAPH2455984 —

The Building

Year Built:

1915
Year Built Source:

Assessor
Year Major Reno/Remodel:

2016
New Construction:

No
Construction Materials:

Masonry
Building Units Total:

3
Structure Type:

Interior Row/Townhouse
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Concrete Perimeter, Brick/Mortar
Total SqFt Source:

Estimated
Total Below Grade SqFt:

900
Total Below Grade SqFt Source:

Estimated
Tax Total Finished SqFt:

2838

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3738
Living Area SqFt:

2,838 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, VA, USDA
Possession:

Immediate

Location

Directions:

1614 n 2nd st Philadelphia pa 19122
Latitude:

39.97520000
Longitude:

-75.13857000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Excellent, Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

18.00 x 75.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,350 Sqft
Zoning Description:

Rsa5 3 unit rental license
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

183110200
Tax Year:

2024
Tax Lot:

194
Tax Annual Amount:

$8,905
Tax Assessed Value:

$636,200
Year Assessed:

2025
School Tax:

4987.0
City/Town Tax:

3918.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Natural Gas
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Septic
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Subdivision Name:

Olde Kensington
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Two Bedroom Units:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/11/25 Mar 11, 2025	Listed / Active	BRIGHT	$899,999

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This multifamily located in Lower North, Philadelphia, PA 19122 is currently for sale for $899,999. 1614 N 2nd Street is a 2,838 square foot multifamily with – beds and – baths. 1614 N 2nd Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of John Moffett School and Penn Treaty School.

Listing Courtesy of: BRIGHT and Tesla Realty Group, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.