1671 Margaret St,PHILADELPHIA, PA 19124
PHILADELPHIA, PA 19124
Description
Attention Investors and Homebuyers: Income-Producing Duplex with Owner-Occupancy Potential! 1671 Margaret Street is a two-unit property offering immediate rental income and flexibility for investors and homeowners. The vacant first-floor apartment includes access to the backyard, allowing homeowners to occupy one unit while collecting rent from the second-floor apartment to help offset their monthly mortgage payments. Investors can lease both units to maximize rental income. Unit Breakdown: First floor: 2 bedrooms, 1 bathroom - vacant, with backyard access and $1,000/month rental potential Second floor: 3 bedrooms, 2 bathrooms - occupied, generating $1,260/month The property currently generates $1,260 in monthly rental income, with the potential to generate $2,260 per month ($27,120 annually) when fully occupied. The property generated 2025 net operating income (NOI) of $19,112.90. Tenants pay their own unit utilities, while the owner pays for water. Additional features include a full unfinished basement and separate electric meters. Own a duplex that offers immediate rental income and the flexibility to occupy one unit or rent both. Schedule your private tour today.
Details
| MLS # | PAPH2679662 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 36 |
| Listing Provided By | BHHS Fox & Roach-Jenkintown | christian washington |
Features
| SQ Feet | 1,319 |
|---|---|
| Units | 2 |
| Zoning | RM1 |
| Acreage | 0.03 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Construction Materials | Aluminum Siding |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2081 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19124) | |
Price: $199,900 low | high Med: $175,000 sqft: 1,319 low | high Med: 1,472 $ / sqft: $152 low | high Med: $119 On site: 36 low | high Med: 104 | |
Market Activity 19124
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19124) | |
Price: $199,900 low | high Med: $175,000 sqft: 1,319 low | high Med: 1,472 $ / sqft: $152 low | high Med: $119 On site: 36 low | high Med: 104 | |
