About this home

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.

Facts and features

Schools

• Henry H. Houston Elementary School

  elementary · K-8 · 0.4 mi

  6

• Roxborough High School

  high · 9-12 · 2.4 mi

  1

• The Waldorf School Of Philadelphia

  elementary · PK-8 · 0.2 mi

• Big Backyard

  elementary · 0.3 mi

• Holy Cross Parish School

  elementary · K-8 · 0.3 mi

• Jenks John S School

  elementary · K-8 · 0.9 mi

  7

Price history

• Oct 12, 2026 · Price Changed$570,000
• Aug 19, 2026 · Listed$600,000
• Apr 18, 2022 · Sold$430,000
• Jun 23, 2021 · Listed$440,000

Tax history

• 2026$7,470 tax · $533,700 assessed
• 2025$7,470 tax · $533,700 assessed
• 2024$4,479 tax · $320,000 assessed
• 2023$4,479 tax · $320,000 assessed
• 2022$3,156 tax · $225,500 assessed
• 2021$3,156 tax · $225,500 assessed
• 2020$3,156 tax · $225,500 assessed
• 2019$3,114 tax · $222,500 assessed

Home value

$516,000

• Collateral Analytics$516,000
• Quantarium$511,747

Where it is