USAPAPhiladelphiaMt Airy2 E Mcpherson St
Listing image | Image 1

2 E Mcpherson St, Philadelphia, PA

House

For Sale

Listed price in listed location currency (USD).
$600,000

000

MLS® PAPH2661604

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2000 sqft
Garage 
Taxes $4,942
Days Active 53
Lot Size 0.04 Acres
Approx. Age 1952
Avg. Price Per Sqft $300
MLS® Number PAPH2661604

Property Address: 2 E Mcpherson St, PHILADELPHIA, PA, 19119-1616

Average square foot calculated using Size range provided by listing 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.
MLS® NumberPAPH2661604
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
BasementConnecting Stairway
DrivewayOn Street
Garage Spaces
HeatHot Water, Natural Gas
A/CNone, Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 19, 2026List Date
$600,000List Price
  • Commute

Commute

Starting Address
Destination Address
2 E Mcpherson St, Philadelphia, PA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESSeXp RevenoseXp CommercialeXp LuxuryeXp Land and Ranch
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved