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$600,000

  • For Sale
  • Active
  • Townhouse
  • 2,000 Sq. Ft.
  • Updated 5 days ago
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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.

Full Property Details for 2 E McPherson St

General

  • Price: $600,000
  • Taxes: $4,942 (2026)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2661604
  • Updated: 8/19/2026
  • Added to Site: 9 day(s) ago

Rental Information

  • Lease Info: Yearly

Exterior

  • Exterior Features: Sidewalks

Parking

  • Parking Type: On Street

Location

  • Area: 19119 (19119)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: MT AIRY
  • Cross Streets: Germantown Avenue
  • Driving Directions: Located on the corner of McPherson Street and Germantown Avenue

School Information

  • School District: The School District Of Philadelphia
  • Elementary School: Abram Jenks
  • Middle School: Ada Lewis
  • High School: Martin Luther King

Heating & Cooling

  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: AirLite
  • Structure Type: End of Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Connecting Stairway
  • Foundation: Block
  • Square Feet: 2,000
  • Sq. Ft. Source: Assessor
  • Living Area: 2,000 Sq. Ft.
  • Finished Above Grnd: 2,000 Sq. Ft.
  • Year Built: 1952
  • Year Built Source: Estimated

Unit Information

  • Other Units: Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,669
  • Lot Size Source: Estimated
  • Lot Dimensions: 18.95 x 88.09
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $300
  • Assessment Year: 2021
  • School Tax: $2,767
  • County Tax Freq: Annually
  • Tax w/Assessment: $353,100
  • Tax Amount: $4,942
  • Tax Year: 2026
  • Tax Total Finished Sq. Ft.: 2000

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 247

Listed by EXP Realty, LLC, Philippe Daouphars and EXP Realty, LLC, Joseph A Canale Jr.

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Listing agents

— 2 E McPherson St —

  • Philippe Daouphars

    EXP Realty, LLC

  • Joseph A Canale Jr.

    EXP Realty, LLC

Listing Office Email: pa.broker@exprealty.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2 E McPherson St

School District:Philadelphia City School District
NameGradesDistance
Henry H. Houston Elementary School
7300 Rural Lane, Philadelphia, PA 19119
K-80.3 mi
Roxborough High School
6498 Ridge Avenue, Philadelphia, PA 19128
9-112.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2 E McPherson St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Listed
$600,000
39.53%
MLS
4/11/2022
Sold
$430,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2 E McPherson St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$7,471
—
$353,100
-34%
2025
$7,471
—
$533,700
—
2024
$7,471
67%
$533,700
67%
2023
$4,479
42%
$320,000
100%
2021
$3,157
—
-100%
2020
$3,157
1%
$225,500
1%
2019
$3,115
7%
$222,500
7%
2018
$2,912
—
$208,000
—
2017
$2,912
—
$208,000
—
2016
$2,912
4%
$208,000
—
2015
$2,787
—
$208,000
—
2014
$2,787
-1%
$208,000
622%
2013
$2,814
—
$28,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2 E McPherson St

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Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by EXP Realty, LLC, Philippe Daouphars and EXP Realty, LLC, Joseph A Canale Jr.

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2 E McPherson Street, Philadelphia, PA 19119 (MLS# PAPH2661604) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 2 E McPherson Street is currently listed for $600,000 and was received on August 19, 2026. Want to learn more about 2 E McPherson Street? Do you have questions about finding other Townhouse real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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