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MLS: #PAPH2611104, Listed By: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS

1230 N Marshall Street

PHILADELPHIA, PA 19122
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Bed 5

Bed

Bath 0

Bath

Acres0.04

Acre(Lot)

Philly CRE is pleased to present 1230 N Marshall Street, a newly constructed, fully occupied six-unit multifamily asset in the heart of Olde Kensington, just steps from Girard Avenue and moments from Fishtown and Northern Liberties. Built in 2024, this boutique property offers investors a rare opportunity to acquire a stabilized, low-maintenance asset with high in-place income and long-term appreciation potential in one of Philadelphia’s fastest-growing corridors. The property is ideally positioned within walking distance to Girard Station on the Market-Frankford Line and surrounded by multiple SEPTA bus routes along Girard Avenue, providing seamless access to Center City, University City, and beyond. Residents benefit from a highly walkable location with immediate access to the vibrant di ning, retail, and nightlife scenes of Olde Kensington, Fishtown, and Northern Liberties, driving consistent rental demand from young professionals. The unit mix includes two studio units, three one-bedroom units, and one two-bedroom two-bathroom unit, all thoughtfully designed with modern layouts that maximize efficiency and tenant appeal. Unlike many competing multifamily assets in the area, the property is fully occupied with strong in-place market-rate tenancy and no PHA-backed leases, offering investors a traditional private-pay tenant profile with significant long-term rental upside and flexibility. Constructed with high-end finishes throughout, each unit features modern kitchens, updated bathrooms, and well-proportioned layouts tailored to today’s renter. All units are separately metered and equipped with individual mechanical systems, allowing for streamlined management and reduced landlord expenses, and each unit includes an in-unit washer and dryer to further enhance tenant convenience and retention. Further strengthening the investment profile, the property benefits from original full ten-year tax abatement with approximately eight years remaining, significantly reducing operating expenses and boosting overall returns. At the current asking price of $1,370,000, the asset delivers a 7.06 percent cap rate, 4.88 percent cash on cash return, and a DSCR of 1.21 based on in-place income, with an NOI of $96,697 and projected annual cash flow after debt of $16,725, positioning investors for immediate yield with additional upside as rents continue to grow in this evolving submarket. Located within a Qualified Opportunity Zone, 1230 N Marshall Street may also provide additional tax advantages for investors focused on long-term wealth creation. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Take advantage of this exceptional opportunity to secure a turnkey, high-yielding investment with built-in management support and long-term growth potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,370,000

AD Id : 77657385

MLS Id : PAPH2611104

Beds : 5

Lot Size : 0.04 Acre

Year Built : 2024

County : PHILADELPHIA

Subdivision: Ludlow

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Feature Features

  • Bedroom Information

    Total beds: 5

    Room Information

    Has Basement: Yes Basement: Finished
  • Interior Features

    Appliances: Electric Water Heater, Stainless Steel Appliance(s)
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Other Has Cooling: Yes Cooling: Ductless, Electric

  • Building Information

    Year Built: 2024 Construction Materials: Vinyl Siding, Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 20.00 x 83.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1652

    Property Information

    Subdivision: LUDLOW Source Property Type: Residential Income Postal Code Plus 4: 4313 Property SubType: Multi Family Property Age: 2

  • Listing Price Information

    Listing Price: $1370000

  • Tax Information

    Parcel Number: 141031100 Tax Lot: 209 Tax Year: 2024 Annual Tax: $3639

  • Parking Information

    None

  • Location Information

    Direction: Use Google Maps WaterSource: Public
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/22/2026 @ 05:13

MLS: PAPH2611104 LISTED BY: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005 SOURCE: Bright MLS

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