For Sale
$350,000
2051 MARGARET STREET, Philadelphia, PA 19124
Apartment buildings
Property Size1,104 SF
Days on Market27
Property Features for 2051 MARGARET STREET
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,851
Building Details
Building Size
1,104 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:
Lizclarkrealestate
Added: Jul 9
Changed: Aug 3
Last Checked: Aug 3 at 7:45AM
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 | $25.7k | $23.28 |
| − Vacancy | −$1.9k | −$1.72 |
| EGI | $23.8k | $21.56 |
| − OpEx | −$10.7k | −$9.70 |
| NOI | $13.1k | $11.86 |
1,104 SF · lease $23.28/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$187.0K
$163.6K – $218.2K
NOI $13,090 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$635.0K
$555.7K – $740.9K
NOI $44,452 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this apartment building located?
The property is located at 2051 MARGARET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
