2047 Locust St, PHILADELPHIA, PA 19103
Local realty services provided by:ERA OakCrest Realty, Inc.



2047 Locust St,PHILADELPHIA, PA 19103
$1,875,000
- - Beds
- - Baths
- 3,400 sq. ft.
- Multi-family
- Active
Listed by:david scialanca
Office:coldwell banker realty
MLS#:PAPH2511720
Source:BRIGHTMLS
Price summary
- Price:$1,875,000
- Price per sq. ft.:$551.47
About this home
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!
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Home facts
- Year built:1900
- Listing Id #:PAPH2511720
- Added:18 day(s) ago
- Updated:August 16, 2025 at 01:27 PM
Rooms and interior
- Living area:3,400 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1900
- Building area:3,400 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,875,000
- Price per sq. ft.:$551.47
- Tax amount:$11,920 (2024)
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