# 2049 MARGARET Street, Philadelphia, PA 19124

> **TL;DR:** residential multi family, $350,000 ($292/sqft), built 1935, 1,200 sqft. Est. $1,872/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $350,000 |
| Price/sqft | $292 |
| Square Feet | 1,200 |
| Year Built | 1935 |
| Lot Size | 1,019 sqft (0.02 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,770 |
| Estimated Insurance | $102 |
| **Total** | **$1,872** |

## Property Highlights

- Built in 1935
- 0.02 acre lot

## Description

### Agent Description
Landlord Special! Fully Occupied 5-Unit Portfolio + Vacant Lot - Approx. 9% Cap Rate. Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section. 2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses. 2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment. Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants. The portfolio is being sold as-is, and the seller will make no repairs. Whether you're an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don't miss this rare opportunity to own a versatile investment package on Margaret Street.

## Location

- **Address:** 2049 MARGARET Street, Philadelphia, PA 19124
- **County:** PHILADELPHIA
- **Coordinates:** 40.01175308, -75.07692719
- **Google Maps:** https://www.google.com/maps?q=40.01175308,-75.07692719

## Listing Agent

- **Name:** Deneen Sweeney
- **Brokerage:** Keller Williams Real Estate - West Chester
- **Phone:** 4848883177

## Primary Photo

![2049 MARGARET Street - Primary Photo](http://lh.rdcpix.com/f6dd8261a6d9754b961ae89fa75d8e31l-f2159211291r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.ai/listing/2049-margaret-street-philadelphia-pa-19124-h2646300)*

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**MLS#:** PAPH2646300 | **Updated:** 2026-08-02
**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/2049-margaret-street-philadelphia-pa-19124-h2646300)

---

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