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    2047 Locust St Philadelphia, PA 19103

    New
    For Sale
    $1,875,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    3,400 SF
    Lot size:
    0.04 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 2047 Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    3
    Parking features
    Parking Lot, Driveway
    Fireplace
    1
    Size
    3,400 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Masonry
    Architectural style
    Other

    Coldwell Banker Preferred (215) 654-9494 [email protected]

    Listing agent David Scialanca (215) 641-2727 License #RS280284

    Listing date Dec 9, 2025

    MLS# PAPH2511720 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rittenhouse Square Versatile Income Property

    Located a block and a half from Rittenhouse Square Park in Philadelphia, this property offers versatility and investment potential. Zoned RM1, it is suitable for multi-family conversion, a single-family residence, or continued use as a professional office building. Currently configured as a fully operational office space with multiple business tenants, the property provides a steady stream of income. The property features 8 office units throughout the 2nd, 3rd and 4th floors. Three of the eight units are tenant-occupied, and the other units are owner-occupied. The first floor features an attorney's office with a reception area, front desk, kitchen space, two half bathrooms, and a conference room. The second floor includes a main office with a fireplace and an alcove, along with two additional private offices. The third floor offers three more offices, including one with a fireplace, plus an additional half bath. The fourth floor contains two more offices. A full basement provides storage space. The property includes a dual-zoned HVAC system and customized windows. There is 3+ car parking at the rear of the property. The property size is 3400 square feet and the lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Faye ... Attorney Cope Better Therapy Counselor Right at Home Home Health Care Service Shawla Clark Home Health Care Service LEGAL RESEARCH, INC Consultant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.17563629
    Latitude
    39.94977951

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    FAQs

    What type of property is this?
    Office building - Income-producing property near Rittenhouse Square, suitable for various uses.
    Where is this office building located?
    The property is located at 2047 Locust St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Prime Rittenhouse Square Location: Just a block and a half from Rittenhouse Square Park.; - Income-Producing Potential: Fully operational office space with multiple tenants.; - Versatile RM1 Zoning: Offers multiple development possibilities.
    (215) 641-2727
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    Philadelphia, PA 19103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2047 Locust St Philadelphia, PA 19103
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