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For sale
  • $350,000

    2049 Margaret St, Philadelphia, PA 19124

    3beds
    3baths
    1,200sqft
    : 
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    Triplex
    Built in 1935
    -- sqft lot
    $174,000 Zestimate®
    $292/sqft
    $-- HOA

    What's special

    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.
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    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#: PAPH2646300MLS Logo

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      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

        $174,000

        $137,000 - $211,000

        $1,473/mo

        Price history

        DateEventPrice
        7/9/2026Listed for sale$350,000+1650%$292/sqft
        Source: Bright MLS #PAPH2646300 Report a problem
        8/18/1993Sold$20,000$17/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Frankford

        Getting around

        78 / 100
        Very Walkable
        74 / 100
        Excellent Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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