Philadelphia, PA 19103,2047 LOCUST ST
Philadelphia, PA 19103,2047 LOCUST ST
Philadelphia, PA 19103,2047 LOCUST ST
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Listed by David Scialanca • Coldwell Banker Realty
$1,875,000
Est. payment /mo
3,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $551

MLS Listing ID PAPH2511720

Style Converted Dwelling,Other

Abv Grd Liv Area 3,400

Year Built 1900

Annual Tax Amount $11,920

Tax Year 2024

Lot Size 1,620 Sqft

Acres 0.04

Lot Dimensions 18.00 x 90.00

Property Sub-Type Other

Source BRIGHT

Property Description

Versatile Income-Producing Property in the Heart of Rittenhouse Square!
Welcome to this charming and uniquely special property located just a block and a half from the iconic Rittenhouse Square Park! Perfectly positioned in one of Philadelphia's most sought-after neighborhoods, this RM1-zoned gem offers exceptional versatility and investment potential.
Whether you're seeking a multi-family conversion, a luxurious single-family residence, or continuing its current approved use as an elegant professional office building, the possibilities are endless. Currently configured as a fully operational office space with multiple business tenants, this property provides a steady stream of income. There is a total of 8 office units throughout the 2nd, 3rd and 4th floors. 3 of the 8 units are tenant occupied, and the other units are owner occupied.
As you enter the first floor and you'll find an attorney's office featuring a welcoming reception area, front desk, kitchen space, two half bathrooms, and a spacious conference room. The second floor boasts a large main office with a fireplace and an alcove off this office along with two additional private offices. The third floor offers three more offices, including another with a fireplace, plus an additional half bath. On the fourth floor, you'll find two more offices ideal for a variety of uses.
The full basement offers generous storage space, while the dual-zoned HVAC system ensures comfort throughout. The customized windows installed just a few years ago provide both efficiency and aesthetic appeal. 3+ car parking at the rear of the property is a great bonus!
Don't miss this rare opportunity to own a piece of Philadelphia history with this truly flexible and income-producing property in one of Philadelphia's most prestigious locations!

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplaces Number 2

Fireplace Y

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling, Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 883335010

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

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agent

Pete Gustis

+1(610) 209-9219

REALTOR® | License ID: RS-295392

REALTOR® License ID: RS-295392

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