2 E Mcpherson St, Philadelphia, PA 19119
Local realty services provided by:CENTURY 21 The Real Estate Store
2 E Mcpherson St,Philadelphia, PA 19119
$570,000
- 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:$570,000
- Price per sq. ft.:$285
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....
Contact an agent
Home facts
- Year built:1952
- Subdivision & Development:MT AIRY
- Listing ID #:PAPH2661604
- Added:70 day(s) ago
- Updated:October 29, 2026 at 02:17 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:$570,000
- Price per sq. ft.:$285
- Tax amount:$4,942 (2026)
Parking
- Parking description:On Street
New listings near 2 E Mcpherson St
- Coming SoonOpen Thu, 5 to 7pm
$585,000Coming Soon3 beds 2 baths1,740 sq. ft.442-444 W Norris St, PHILADELPHIA, PA 19122
MLS# PAPH2685568Listed by: KW EMPOWER - Coming SoonOpen Sat, 1 to 3pm
$535,000Coming Soon3 beds 3 baths1,815 sq. ft.9720 Jeanes St, PHILADELPHIA, PA 19115
MLS# PAPH2685562Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - Coming Soon
$324,900Coming Soon3 beds 2 baths1,164 sq. ft.2111 Wharton St, PHILADELPHIA, PA 19146
MLS# PAPH2685614Listed by: PETERS GORDON REALTY INC - Coming Soon
$850,000Coming Soon3 beds 2 baths1,170 sq. ft.214 S Jessup St, PHILADELPHIA, PA 19107
MLS# PAPH2682854Listed by: FUSION PHL REALTY, LLC - Coming SoonOpen Sat, 12 to 2pm
$295,000Coming Soon2 beds 2 baths900 sq. ft.7655 Fillmore St, PHILADELPHIA, PA 19111
MLS# PAPH2680332Listed by: EXP REALTY, LLC - Coming SoonOpen Sat, 1 to 2:30pm
$300,000Coming Soon3 beds 2 baths1,048 sq. ft.2129 S Chadwick St, PHILADELPHIA, PA 19145
MLS# PAPH2679644Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Sun, 12 to 2pm
$559,000Coming Soon4 beds 3 baths1,736 sq. ft.2530 S 18th St, PHILADELPHIA, PA 19145
MLS# PAPH2682812Listed by: ELFANT WISSAHICKON-RITTENHOUSE SQUARE - Coming Soon
$200,000Coming Soon3 beds 1 baths1,134 sq. ft.5214 Reinhard St, PHILADELPHIA, PA 19143
MLS# PAPH2684888Listed by: KW EMPOWER - Coming Soon
$1,300,000Coming Soon4 beds 3 baths2,650 sq. ft.2227 Bainbridge St, PHILADELPHIA, PA 19146
MLS# PAPH2685348Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$529,000Coming Soon5 beds -- baths2,482 sq. ft.123 Sumac St, PHILADELPHIA, PA 19128
MLS# PAPH2685376Listed by: BHHS FOX & ROACH-JENKINTOWN