UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $902
MLS Listing ID PAPH2575476
Style Other
Abv Grd Liv Area 1,440
Year Built 1920
Annual Tax Amount $4,209
Tax Year 2025
Lot Size 824 Sqft
Acres 0.02
Lot Dimensions 18.00 x 46.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand.
The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover.
As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia's development boom.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Other
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 1440
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 021385310
Ownership Fee Simple
SqFt Source 1440
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 9
Gamp
Public | 5 - 12
- 9
Masterman Julia R Secondary School
Public | 5 - 12
- 8
Meredith School
Public | KG - 8
- 7
Christopher Columbus Charter School
Public | KG - 8
- 7
Folk Arts-Cultural Treasures Charter School
Public | KG - 8
- 7
General George A. McCall School
Public | KG - 8
- 7
Laboratory Charter School
Public | KG - 8
- 7
Environment Community Opportunity (Eco) Charter Sc
Public | KG - 5
- 6
Albert M. Greenfield School
Public | KG - 8
- 6
Independence Charter School
Public | KG - 8
- 6
D. Newlin Fell School
Public | KG - 8
- 5
Russell Byers Charter School
Public | PK - 6
- 5
Philadelphia Performing Arts Charter School
Public | KG - 8
- 5
Abram Stockton Jenks School
Public | KG - 4
- 5
Mastery Charter School - Thomas Campus
Public | KG - 12
- 5
Eliza Butler Kirkbride School
Public | KG - 8
- 5
Young Scholars Charter School
Public | 5 - 8
- 5
Mary Ethel Costello School
Public | 4 - 6
- 5
Leap Academy University Charter School
Public | KG - 12
- 4
Robert Morris School
Public | KG - 8
- 4
Mastery Charter High School
Public | 7 - 12
- 4
Creative Arts Village Academy
Public | 6 - 12
- 2
The Sd of Philadelphia Virtual Academy
Public | 6 - 12
- 1
World Communications Charter School
Public | 6 - 12
- 1
Penn Treaty
Public | 6 - 12
- 0
Student Education Center & Delaware Valley High School
Private | 8 - 12
- 0
Wakisha Charter School
Public | 6 - 8
- 0
Gloucester Catholic High School
Private | 7 - 12
- 0
Pyne Point Middle School
Public | 7 - 8
- 8
Science Leadership Academy
Public | 9 - 12
- 8
Academy at Palumbo
Public | 9 - 12
- 7
Bodine William W High School
Public | 9 - 12
- 5
Preparatory Charter School of Mathematics Science
Public | 9 - 12
- 5
Creative and Performing Arts
Public | 9 - 12
- 5
Philadelphia Electrical & Tech Chs
Public | 9 - 12
- 5
Parkway-Center City
Public | 9 - 12
- 4
Franklin Lc
Public | 9 - 12
- 4
Constitution High School
Public | 9 - 12
- 1
South Philadelphia High School
Public | 9 - 12
- 1
Benjamin Franklin High School
Public | 9 - 12
- 1
Charter High School for Architecture and
Public | 9 - 12
- 1
Furness High School
Public | 9 - 12
- 0
Philadelphia Mennonite High School
Private | 9 - 12
- 0
Jw Hallahan Catholic Girls' High School
Private | 9 - 12
- 0
The City School-Rittenhouse
Private | 9 - 12
- 0
St Joseph's Preparatory School
Private | 9 - 12
- 0
Saints John Neumann & Maria Garetti Catholic High School
Private | 9 - 10
- 0
Roman Catholic High School
Private | 9 - 12
- 0
Arise Academy Charter High School
Public | 9 - 12
GET MORE INFORMATION
Eric Clash
Agent & Founder of Clash Home Team | License ID: 535187
Agent & Founder of Clash Home Team License ID: 535187