For Sale
$350,000
2049 MARGARET STREET, Philadelphia, PA 19124
Apartment buildings
Days on Market23
Property Features for 2049 MARGARET STREET
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
1,200 SF
Year Built
1935
Listing Agency:
Keller Williams Real Estate - West Chester
(484) 888-3177
Listed By:
Deneen Sweeney · License #RS323144
(484) 888-3177
Source:
Patmckennarealtors
Added: Jul 9
Changed: Jul 30
Last Checked: Jul 30 at 10:47AM
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
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $23.28 |
| − Vacancy | −$2.1k | −$1.72 |
| EGI | $25.9k | $21.56 |
| − OpEx | −$11.6k | −$9.70 |
| NOI | $14.2k | $11.86 |
1,200 SF · lease $23.28/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$203.3K
$177.9K – $237.1K
NOI $14,228 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$690.3K
$604.0K – $805.3K
NOI $48,318 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this apartment building located?
The property is located at 2049 MARGARET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
