2 E Mcpherson St, Philadelphia, PA 19119
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
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....
Contact an agent
Home facts
- Year built:1952
- Subdivision & Development:MT AIRY
- Listing ID #:PAPH2661604
- Added:3 day(s) ago
- Updated:August 23, 2026 at 01:42 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
New listings near 2 E Mcpherson St
- Coming Soon
$315,000Coming Soon2 beds 2 baths1,054 sq. ft.741-00 Brighton St, PHILADELPHIA, PA 19111
MLS# PAPH2662906Listed by: KELLER WILLIAMS REAL ESTATE-MONTGOMERYVILLE - Coming Soon
$179,900Coming Soon2 beds 1 baths840 sq. ft.1616 E Lycoming St, PHILADELPHIA, PA 19124
MLS# PAPH2662916Listed by: TESLA REALTY GROUP, LLC - Coming Soon
$285,000Coming Soon4 beds 2 baths2,168 sq. ft.1716 Mifflin St, PHILADELPHIA, PA 19145
MLS# PAPH2662898Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Tue, 4 to 6pm
$615,000Coming Soon3 beds 3 baths1,788 sq. ft.2356 E York St, PHILADELPHIA, PA 19125
MLS# PAPH2662864Listed by: PLUS REALTORS - Coming Soon
$310,000Coming Soon3 beds 1 baths1,280 sq. ft.3530 Mercer St, PHILADELPHIA, PA 19134
MLS# PAPH2662324Listed by: RE/MAX ACCESS - Coming Soon
$289,000Coming Soon3 beds 2 baths1,464 sq. ft.3241 Wellington St, PHILADELPHIA, PA 19149
MLS# PAPH2662888Listed by: CANAAN REALTY SERVICES INC - Coming Soon
$389,000Coming Soon3 beds 2 baths1,340 sq. ft.7271 Shalkop St, PHILADELPHIA, PA 19128
MLS# PAPH2658906Listed by: CANAAN REALTY SERVICES INC - Coming Soon
$318,000Coming Soon3 beds 2 baths1,300 sq. ft.2921 Almond St, PHILADELPHIA, PA 19134
MLS# PAPH2662732Listed by: ELFANT WISSAHICKON REALTORS - Coming Soon
$249,900Coming Soon2 beds 1 baths672 sq. ft.1837 E Harold St, PHILADELPHIA, PA 19125
MLS# PAPH2661922Listed by: JG REAL ESTATE LLC - Coming Soon
$279,900Coming Soon2 beds 2 baths1,016 sq. ft.2307 E Harold St, PHILADELPHIA, PA 19125
MLS# PAPH2662742Listed by: HOMESMART REALTY ADVISORS