For Sale
$350,000
2049 MARGARET Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,200 SF
Lot Size0.02 Acres
Price / SF$291.67
Days on Market114
Property Features for 2049 MARGARET Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1893
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1935
Number of units
3
Building materials
Frame
Listing Agency:
Keller Williams Real Estate - West Chester · Keller Williams Realty
(610) 399-5100
Listed By:
Deneen Sweeney · License #RS323144
(484) 888-3177
Added: Jul 9
Changed: Sep 16
Last Checked: Oct 30 at 3:06AM
MLS# PAPH2646300
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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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,228
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,560
$284.6K
Cap Rate 7%
$203,257
$203.3K
Cap Rate 9%
$158,089
$158.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$27.9K $23.28/SF
− Vacancy
−$2.1K −$1.72/SF
EGI
$25.9K $21.56/SF
− OpEx
−$11.6K −$9.70/SF
NOI
$14.2K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,560
Cap Rate 7%
$203,257
Cap Rate 9%
$158,089
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,508
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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.
