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2047 Locust St
For Sale $1,875,000
$1,875,000
- Units
- Unknown Sq Ft
- 1,620 Sq Ft
- Unknown Cap Rate
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!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,875,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 883335010 |
| MLS # | PAPH2518152 |
| Property ID | 322017951 |
| Lot Sqft | 1,620 |
| Zoning | RM1 |
| Days on Market | 151 |
| Original List Price | Unknown |
| Date Updated | December 09, 2025 |
| Date Created | July 27, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David Scialanca an agent of . Lic #RS280284
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Data last updated: December 25, 2025.
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Robert Crawford
REAL ESTATE AGENT