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.
For sale
$350,000
2049 Margaret St, Philadelphia, PA 19124
3beds
3baths
1,200sqft
Triplex
Built in 1935
-- sqft lot
$-- Zestimate®
$292/sqft
$-- HOA
What's special
- 96 days
- 59
- 5
Zillow last checked:
Listing updated:
Listed by:
Deneen Sweeney 484-888-3177,
Keller Williams Real Estate - West Chester 6103995100,
Listing Team: Ciprani Sweeney Team, Co-Listing Team: Ciprani Sweeney Team,Co-Listing Agent: Casey L Daneker 215-219-4482,
Keller Williams Real Estate - West Chester
Source: Bright MLS,MLS#: PAPH2646300
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,020 Square Feet
- Dimensions: 15.00 x 68.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 232163500
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex
Materials
- Frame
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $292/sqft
- Tax assessed value: $135,300
- Annual tax amount: $1,893
- Date on market: 7/9/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,632/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $350,000$292/sqft |
Source: | ||
| 9/1/2026 | Listing removed | $350,000$292/sqft |
Source: | ||
| 7/9/2026 | Listed for sale | $350,000+1650%$292/sqft |
Source: | ||
| 8/18/1993 | Sold | $20,000$17/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,894 +50.5% | $135,300 +50.5% |
| 2024 | $1,258 | $89,900 |
| 2023 | $1,258 +59.1% | $89,900 |
| 2022 | $791 | -- |
| 2021 | $791 +4.2% | -- |
| 2018 | $759 | -- |
| 2017 | $759 -13% | -- |
| 2016 | $872 | -- |
| 2015 | $872 | -- |
| 2014 | $872 +4.5% | $62,300 +1310.8% |
| 2012 | $835 | $4,416 |
| 2011 | -- | $4,416 |
| 2010 | -- | $4,416 |
| 2009 | -- | $4,416 |
| 2008 | -- | $4,416 |
| 2007 | -- | $4,416 |
| 2006 | -- | $4,416 |
| 2005 | -- | $4,416 |
| 2004 | -- | $4,416 |
| 2003 | -- | $4,416 |
| 2002 | -- | $4,416 |
| 2000 | -- | $4,416 |
| 1999 | -- | $4,416 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Frankford
Nearby schools
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






