2 E Mcpherson Street, PHILADELPHIA, Pennsylvania image 1

Active

MLS: #PAPH2661604, Listed By: Philippe Daouphars, EXP Realty, LLC, Source:Bright MLS

2 E Mcpherson Street

PHILADELPHIA, PA 19119

$600,000 $2,529/Mo

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Overview

Bed

Bath

2,000

Sqft

0.04

Acre(Lot)

Description

This well-maintained and fully occupied approved three-unit multifamily property offers immediate in-place income and an attractive opportunity for investors. The property features a desirable unit mix consisting of one 1-bedroom/1-bath apartment and two 2-bedroom/1-bath apartments. Current rents are $1,325 per month for the 1-bedroom unit and $1,575 and $1,750 per month for the two 2-bedroom units, generating $4,650 in monthly rental income and $55,800 in annual gross income. See available income and expenses in documents. The property has been well maintained, with recent kitchen and bathroom upgrades providing modern finishes while retaining the character of the building. Units offer bright living spaces, hardwood flooring and updated kitchens and baths. The attractive stone and brick exterior further distinguishes the property. Utilities are separately metered and paid by the tenants, with the landlord responsible for water, helping to keep owner operating expenses low. Offered at $600,000, the property generates approximately $41,670 in NOI, representing a 6.95% capitalization rate based upon current operations. With established tenancy, recent interior improvements and approximately a 7% in-place cap rate, 2 E McPherson Street presents an attractive opportunity to acquire a stabilized, income-producing multifamily property with immediate cash flow.

Property Details

Property Type : Residential Income

Price : $600,000

AD Id : 89737950

MLS Id : PAPH2661604

Beds : 5

Lot Size : 0.04 Acre

Living Area Size : 2,000

Year Built : 1952

County : PHILADELPHIA

Subdivision: Mt Airy

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Room Information

Has Basement: Yes
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: None, Electric

Building Information

Year Built: 1952 Building Area Total: 2000 Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 18.95 x 88.09 Lot Size Acres: 0.04 Lot Size Source: Estimated Lot Size Square Feet: 1669

Property Information

Subdivision: MT AIRY Source Property Type: Residential Income Postal Code Plus 4: 1616 Property SubType: Triplex Property Age: 74

Listing Price Information

Listing Price: $600000

Tax Information

Parcel Number: 091045400 Tax Lot: 247 Tax Year: 2026 Annual Tax: $4942

Parking Information

On Street

School Information

Elementary School: ABRAM JENKS

Junior High School: ADA LEWIS

Senior High School: MARTIN LUTHER KING
Location Information

Direction: Located on the corner of McPherson Street and Germantown Avenue WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
85 E Sharpnack Street, Philadelphia, PA, 19119	$2,450,000	21	--	12,720	12,720 SqFt
76 W Sharpnack Street, Philadelphia, PA, 19119	$359,000	4	--	1,500	1,500 SqFt
101 E Pleasant Street, Philadelphia, PA, 19119	$375,000	6	--	2,316	2,316 SqFt
115 E Gorgas Lane, Philadelphia, PA, 19119	$465,000	3	--	1,986	1,986 SqFt
145 E Durham Street, Philadelphia, PA, 19119	$350,000	3	--	2,386	2,386 SqFt
129 E Durham Street, Philadelphia, PA, 19119	$510,000	4	--	2,386	2,386 SqFt

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ByOwner last updated this listing 08/22/2026 @ 23:03

MLS: PAPH2661604 LISTED BY: Philippe Daouphars, EXP Realty, LLC 888-397-7352 SOURCE: Bright MLS