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MLS: #PAPH2667552, Listed By: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut, Source:Bright MLS

1230 N Marshall Street

PHILADELPHIA, PA 19122
Mark as Favorite
Bed 4

Bed

Bath 0

Bath

Acres0.04

Acre(Lot)

Philly CRE is pleased to present 1230 N Marshall Street, a recently constructed 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 the opportunity to acquire a modern, low-maintenance, income-producing asset in one of Philadelphia’s most active and rapidly appreciating residential corridors. The property will be delivered fully occupied, providing immediate stabilized income from day one. The building features two studios, three one-bedroom residences, and one spacious two-bedroom, two-bathroom unit, with each residence offering contemporary kitchens and bathrooms, efficient layouts, individual mechanical systems, and in-unit washers and dryers. Th e modern construction and highly functional unit mix create an attractive rental product designed to support strong tenant demand and long-term rent growth. Gross potential rent is approximately $9,277 per month, or $111,324 annually. Projected annual operating expenses total approximately $20,854, resulting in projected NOI of approximately $90,470. At the current asking price of $1,299,000, or approximately $216,500 per unit, the property offers a projected 6.96% capitalization rate and an attractive combination of current yield, newer construction, and long-term appreciation potential. Further strengthening the investment profile, 1230 N Marshall Street benefits from Philadelphia’s current 10-year residential new-construction tax abatement program. As a 2024 asset, the property remains in the early years of its declining abatement schedule, providing meaningful real estate tax savings and helping support an efficient operating expense structure. The property is ideally positioned within walking distance of Girard Station and surrounded by the restaurants, retail, entertainment, nightlife, and continued development of Olde Kensington, Fishtown, and Northern Liberties. This highly desirable location continues to attract renters and investment while supporting sustained rental growth and long-term property values. Located within a Qualified Opportunity Zone, 1230 N Marshall Street may also provide additional benefits for qualifying investors. With 2024 construction, full occupancy at delivery, strong projected NOI, favorable tax-abatement benefits, modern building systems, and an exceptional location, this offering represents a compelling opportunity to acquire a turnkey multifamily investment positioned for durable cash flow and long-term value growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,299,000

AD Id : 91129185

MLS Id : PAPH2667552

Beds : 4

Lot Size : 0.04 Acre

Tax Amount : 3639.00

Year Built : 2024

County : PHILADELPHIA

Subdivision: Ludlow

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Feature Features

  • Bedroom Information

    Total beds: 4

    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: Estimated Lot Size Square Feet: 1652

    Property Information

    Subdivision: LUDLOW Source Property Type: Residential Income Property SubType: Multi Family Property Age: 2

  • Listing Price Information

    Listing Price: $1299000

  • 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 09/14/2026 @ 04:54

MLS: PAPH2667552 LISTED BY: ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005 SOURCE: Bright MLS

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