$1,200,000
 $6,442 est/mo Sourced by Back At You

1228 S 2nd St,PHILADELPHIA, PA 19147

PHILADELPHIA, PA 19147

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Description

"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" 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.

Details

MLS #PAPH2575064
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1915
Days On Site265
Listing Provided ByTCS Management, LLC | Moshe Adika

Features

SQ Feet2,457
Units3
ZoningRSA5
Acreage0.03

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

Construction MaterialsMasonry
Foundation DetailsOther

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount5849

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19147
Area19147 (19147)
School DistrictPHILADELPHIA CITY
Listing VS Median (in 19147)
Price:
$1,200,000
low | high
Med:
$385,000
100% of Average
sqft:
2,457
low | high
Med:
1,547
87.057387057387% of Average
$ / sqft:
$488
low | high
Med:
$256
97.62023636891% of Average
On site:
265
low | high
Med:
205
100% of Average
Sourced by Back At You

Market Activity 19147

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Additional Information

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Learn More About This Property

Todd McCarty

Todd McCarty

Class Harlan Real Estate

 (267) 261-8448todd@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19147
Area19147 (19147)
School DistrictPHILADELPHIA CITY
Listing VS Median (in 19147)
Price:
$1,200,000
low | high
Med:
$385,000
100% of Average
sqft:
2,457
low | high
Med:
1,547
87.057387057387% of Average
$ / sqft:
$488
low | high
Med:
$256
97.62023636891% of Average
On site:
265
low | high
Med:
205
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $900K - $1.5M
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
1230 S 2ND ST Property Photo 1
$1,300,000
1230 S 2nd St
Philadelphia, PA 19147
Listing Updated: September 29, 2026 at 1:41:24 AM PDT