# 2 E MCPHERSON Street, Philadelphia, PA 19119 > **TL;DR:** multi-family, $570,000 ($285/sqft), built 1952, 2,000 sqft. Est. $3,048/mo. Listed 73 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $570,000 | | Price/sqft | $285 | | Square Feet | 2,000 | | Year Built | 1952 | | Lot Size | 1,668 sqft (0.04 acres) | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 73 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,882 | | Estimated Insurance | $166 | | **Total** | **$3,048** | ## Nearby Schools - **Elementary:** ABRAM JENKS - **Middle:** ADA LEWIS - **High:** MARTIN LUTHER KING ## Property Highlights - Built in 1952 - 0.04 acre lot ## Description ### Agent Description This well-maintained and fully occupied approved three-unit multifamily property offers immediate in-place income and an attractive opportunity for investors. The property features a desirable unit mix consisting of one 1-bedroom/1-bath apartment and two 2-bedroom/1-bath apartments. Current rents are $1,325 per month for the 1-bedroom unit and $1,575 and $1,750 per month for the two 2-bedroom units, generating $4,650 in monthly rental income and $55,800 in annual gross income. See available income and expenses in documents. The property has been well maintained, with recent kitchen and bathroom upgrades providing modern finishes while retaining the character of the building. Units offer bright living spaces, hardwood flooring and updated kitchens and baths. The attractive stone and brick exterior further distinguishes the property. Utilities are separately metered and paid by the tenants, with the landlord responsible for water, helping to keep owner operating expenses low. Offered at $600,000, the property generates approximately $41,670 in NOI, representing a 6.95% capitalization rate based upon current operations. With established tenancy, recent interior improvements and approximately a 7% in-place cap rate, 2 E McPherson Street presents an attractive opportunity to acquire a stabilized, income-producing multifamily property with immediate cash flow. ## Location - **Address:** 2 E MCPHERSON Street, Philadelphia, PA 19119 - **County:** PHILADELPHIA - **Neighborhood:** MT AIRY - **Coordinates:** 40.06442281, -75.1939822 - **Google Maps:** https://www.google.com/maps?q=40.06442281,-75.1939822 ## Virtual Tour & Media - **Video Tour:** https://my.matterport.com/show/?m=KtfN4bCM8Qh ## Listing Agent - **Name:** Philippe Daouphars · **License:** RS307602 - **Brokerage:** eXp Realty - **Broker Phone:** (888) 397-7352 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2-E-McPherson-St_Philadelphia_PA_19119_M43439-07659?f=listhub&s=TRENDPA&m=PAPH2661604&c=propsimple) ## Photos ![2 E MCPHERSON Street - Photo 1](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2126191944r.jpg) ![2 E MCPHERSON Street - Photo 2](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f905567222r.jpg) ![2 E MCPHERSON Street - Photo 3](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2684085133r.jpg) ![2 E MCPHERSON Street - Photo 4](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2770977121r.jpg) ![2 E MCPHERSON Street - Photo 5](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1268866795r.jpg) ![2 E MCPHERSON Street - Photo 6](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2853966880r.jpg) ![2 E MCPHERSON Street - Photo 7](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4265431752r.jpg) ![2 E MCPHERSON Street - Photo 8](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1299381278r.jpg) ![2 E MCPHERSON Street - Photo 9](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1548637515r.jpg) ![2 E MCPHERSON Street - Photo 10](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4116652453r.jpg) ![2 E MCPHERSON Street - Photo 11](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2516955390r.jpg) ![2 E MCPHERSON Street - Photo 12](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1116481087r.jpg) ![2 E MCPHERSON Street - Photo 13](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2247579631r.jpg) ![2 E MCPHERSON Street - Photo 14](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f6359929r.jpg) ![2 E MCPHERSON Street - Photo 15](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1550379275r.jpg) ![2 E MCPHERSON Street - Photo 16](http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1904380321r.jpg) --- **MLS#:** PAPH2661604 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#listing", "url": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae", "name": "2 E MCPHERSON Street, Philadelphia, PA 19119", "description": "This well-maintained and fully occupied approved three-unit multifamily property offers immediate in-place income and an attractive opportunity for investors. The property features a desirable unit mix consisting of one 1-bedroom/1-bath apartment and two 2-bedroom/1-bath apartments. Current rents are $1,325 per month for the 1-bedroom unit and $1,575 and $1,750 per month for the two 2-bedroom units, generating $4,650 in monthly rental income and $55,800 in annual gross income. See available income and expenses in documents. The property has been well maintained, with recent kitchen and bathroom upgrades providing modern finishes while retaining the character of the building. Units offer bright living spaces, hardwood flooring and updated kitchens and baths. The attractive stone and brick exterior further distinguishes the property. Utilities are separately metered and paid by the tenants, with the landlord responsible for water, helping to keep owner operating expenses low. Offered at $600,000, the property generates approximately $41,670 in NOI, representing a 6.95% capitalization rate based upon current operations. With established tenancy, recent interior improvements and approximately a 7% in-place cap rate, 2 E McPherson Street presents an attractive opportunity to acquire a stabilized, income-producing multifamily property with immediate cash flow.", "image": [ "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2126191944r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f905567222r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2684085133r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2770977121r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1268866795r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2853966880r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4265431752r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1299381278r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1548637515r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4116652453r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2516955390r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1116481087r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2247579631r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f6359929r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1550379275r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1904380321r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2126191944r.jpg", "caption": "2 E MCPHERSON Street - Philadelphia, PA" }, "datePosted": "2026-08-19", "dateModified": "2026-10-20T20:50:25.720Z", "mainEntity": { "@type": "Accommodation", "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#property", "name": "2 E MCPHERSON Street, Philadelphia, PA 19119", "address": { "@type": "PostalAddress", "streetAddress": "2 E MCPHERSON Street", "addressLocality": "Philadelphia", "addressRegion": "PA", "postalCode": "19119", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 40.06442281, "longitude": -75.1939822 }, "image": [ "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2126191944r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f905567222r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2684085133r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2770977121r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1268866795r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2853966880r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4265431752r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1299381278r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1548637515r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f4116652453r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2516955390r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1116481087r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f2247579631r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f6359929r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1550379275r.jpg", "http://lh.rdcpix.com/9ac389fe6251144bf71c53b28921239dl-f1904380321r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "PAPH2661604" }, "accommodationCategory": "Triplex", "floorSize": { "@type": "QuantitativeValue", "value": 2000, "unitCode": "FTK", "unitText": "square feet" }, "yearBuilt": 1952, "amenityFeature": [ { "@type": "LocationFeatureSpecification", "name": "Heating", "value": "Hot Water(Heating)" }, { "@type": "LocationFeatureSpecification", "name": "Construction Materials", "value": "Masonry" }, { "@type": "LocationFeatureSpecification", "name": "Parking Features", "value": "On Street" } ], "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.04 acres" }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Triplex" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#offer", "url": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae", "price": 570000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#agent", "name": "Philippe Daouphars", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/2-e-mcpherson-street-philadelphia-pa-19119-ef9f223b86eb4cc7b12c62df85e4e2ae#brokerage", "name": "eXp Realty", "telephone": "(888) 397-7352", "logo": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/83fe4991cbbb11e3aeaf22000b248db5k-c4093148863r.png" } } } } ```