Multifamily Portfolio with Vacant
For Sale
$350,000
2047 Margaret Street, Philadelphia, PA 19124
Five fully occupied 1-bedroom units are paired with an included vacant lot in a three-parcel package sold as-is.
Property SizeContact for details
Days on Market36
Property Features for 2047 Margaret Street
General Information
Standard status
Active
Property subtype
Land
Zoning
RM-1
Occupancy
100%
Additional Details
Cap Rate
9%
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$326
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate - West Chester
(484) 888-3177
Listed By:
Deneen Sweeney · License #RS323144
(484) 888-3177
Source:
Exprealty
Added: Jul 9
Changed: Aug 8
Last Checked: Jul 21 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - West Chester
Investment Insights
Based on property information with market context.
This for-sale portfolio combines three RM-1 parcels (Parcel IDs 885305060, 232163500, and 232163600) into one offering. Two addresses, 2049 and 2051 Margaret Street, include five fully occupied rental units, all configured as 1-bedroom, 1-bath layouts. The units are currently leased for $675 per month each, totaling $3,375 in monthly rent and $40,500 annually. A new roof has recently been installed. The package is being sold as-is, and the seller will make no repairs.
2047 Margaret Street is a vacant lot, providing additional development, expansion, parking, or outdoor space options tied to the overall portfolio. The property is described as minutes from I-95, with access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner.
The two occupied properties and the included vacant lot are offered together, creating a combined income component alongside a separate site for future possibilities.
2047 Margaret Street is a vacant lot, providing additional development, expansion, parking, or outdoor space options tied to the overall portfolio. The property is described as minutes from I-95, with access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner.
The two occupied properties and the included vacant lot are offered together, creating a combined income component alongside a separate site for future possibilities.
Key Highlights
- 5‑unit rental portfolio at 2049 and 2051 Margaret St with five fully occupied 1BD/1BA units
- Current leases total $675 per month per unit for $3,375 monthly and $40,500 annually
- New roof recently installed for the 5‑unit rental property
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five fully occupied 1-bedroom units are paired with an included vacant lot in a three-parcel package sold as-is.
Where is this apartment building located?
The property is located at 2047 Margaret Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5‑unit rental portfolio at 2049 and 2051 Margaret St with five fully occupied 1BD/1BA units; Current leases total $675 per month per unit for $3,375 monthly and $40,500 annually; New roof recently installed for the 5‑unit rental property
