2,457 SqFt
2,457 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,457 sqft
Price per Sqft $488
MLS Listing ID PAPH2575064
Style Other
Abv Grd Liv Area 2,457
Year Built 1915
Annual Tax Amount $5,849
Tax Year 2025
Lot Size 1,134 Sqft
Acres 0.03
Lot Dimensions 18.00 x 63.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Presenting 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
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2457
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 021384000
Ownership Fee Simple
SqFt Source 2457
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or REMITTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.