2 E Mcpherson St, Philadelphia, PA 19119
Local realty services provided by:CENTURY 21 A Better Way
2 E Mcpherson St,Philadelphia, PA 19119
$600,000
- 5 Beds
- - Baths
- 2,000 sq. ft.
- Multi-family
- Active
Listed by: philippe daouphars, joseph a canale jr.
Office: exp realty, llc.
MLS#:PAPH2661604
Source:BRIGHTMLS
Price summary
- Price:$600,000
- Price per sq. ft.:$300
About this home
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....
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Home facts
- Year built:1952
- Subdivision & Development:MT AIRY
- Listing ID #:PAPH2661604
- Added:24 day(s) ago
- Updated:September 13, 2026 at 01:34 PM
Rooms and interior
- Bedrooms:5
- Basement:Yes
- Basement Description:Connecting Stairway
- Living area:2,000 sq. ft.
Heating and cooling
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1952
- Building area:2,000 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:AirLite
- Construction Materials:Masonry
- Exterior Features:Sidewalks
- Foundation Description:Block
Schools
- High school:MARTIN LUTHER KING
- Middle school:ADA LEWIS
- Elementary school:ABRAM JENKS
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$600,000
- Price per sq. ft.:$300
- Tax amount:$4,942 (2026)
Parking
- Parking description:On Street
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