2049 MARGARET Street Philadelphia, PA 19124

Building Details

Year built

1935

Number of units

3

Building materials

Frame

Listing agent Deneen Sweeney License #RS323144 Show Phone

Listing office Keller Williams Real Estate - West Chester m***@kw.com 276 Dilworthtown Road, West Chester, PA Show Phone

Listing date Jul 9, 2026

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MLS# PAPH2646300 Listing URL

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This offering combines a fully occupied 5-unit rental portfolio with an adjacent vacant lot. The package includes 2049 and 2051 Margaret Street, each containing 1-bedroom, 1-bath units that are currently leased, and 2047 Margaret Street, which is a vacant lot. The portfolio is being sold as-is, and the seller will make no repairs.

The rental portion is described as three RM-1 parcels being sold together. A new roof has recently been installed on the residential buildings. The site provides convenient access to I-95, with quick routes to Center City Philadelphia, Philadelphia International Airport, and New Jersey, and public transportation is available at the corner.

For tenants, this is a straightforward, income-producing rental lineup of one-bedroom, one-bath apartments with existing occupancy. For buyers or investors, the included vacant lot adds flexibility for future development, expansion, additional parking, or outdoor space, while the current lease status supports immediate operational continuity. Property certifications are available in the document section.

Key Highlights

• Includes 5 fully occupied 1‑bed, 1‑bath rental units at 2049 and 2051 Margaret St, leased for $675/month each
• Annual rental income totals $40,500, reflecting an approximately 9% cap rate (as stated in the remarks)
• New roof recently installed on the 5‑unit rental property (as stated in the remarks)

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FAQs

What type of property is this?

Apartment building - Fully occupied 5-unit rental package paired with an adjacent vacant lot, sold as-is with limited near-term work.

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.

What are key features of this property?

This property features: Includes 5 fully occupied 1‑bed, 1‑bath rental units at 2049 and 2051 Margaret St, leased for $675/month each; Annual rental income totals $40,500, reflecting an approximately 9% cap rate (as stated in the remarks); New roof recently installed on the 5‑unit rental property (as stated in the remarks)