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MLS: #PAPH2575468, Listed By: Moshe Adika, TCS Management, LLC, Source:Bright MLS

1230 S 2nd Street

PHILADELPHIA, PA 19147
Mark as Favorite
Bed 4

Bed

Bath 0

Bath

SqFt1,728

Sqft

Acres0.02

Acre(Lot)

"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 smal l 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,300,000

AD Id : 74292683

MLS Id : PAPH2575468

Beds : 4

Lot Size : 0.02 Acre

Living Area Size : 1,728

Year Built : 1915

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 4

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1915 Building Area Total: 1728 Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.02 Lot Size Source: Estimated Lot Size Square Feet: 977

  • Listing Price Information

    Listing Price: $1300000

  • Tax Information

    Parcel Number: 021384110 Tax Lot: 426 Tax Year: 2024 Annual Tax: $4640

  • Parking Information

    None

  • Location Information

    Direction: On 2nd st between Federal and Wharton st WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
129 Bainbridge Street, Philadelphia, PA, 19147 $1,200,000 4 -- 3,526 3,526 SqFt
1402 S 2nd Street, Philadelphia, PA, 19147 $475,000 4 -- 2,235 2,235 SqFt
788 S 2nd Street, Philadelphia, PA, 19147 $685,000 5 -- 2,113 2,113 SqFt
1228 S 2nd Street, Philadelphia, PA, 19147 $1,300,000 6 -- 2,457 2,457 SqFt
1231 S Philip Street, Philadelphia, PA, 19147 $1,300,000 2 -- 1,440 1,440 SqFt
618 S 3rd Street, Philadelphia, PA, 19147 $595,000 3 -- 1,702 1,702 SqFt
622 S 3rd Street, Philadelphia, PA, 19147 $699,900 6 -- 2,694 2,694 SqFt
319 Wharton Street, Philadelphia, PA, 19147 $550,000 3 -- 1,968 1,968 SqFt
815 S 4th Street, Philadelphia, PA, 19147 $650,000 2 -- 2,430 2,430 SqFt
502 S 4th Street, Philadelphia, PA, 19147 $899,000 2 -- 3,424 3,424 SqFt

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 06/18/2026 @ 18:19

MLS: PAPH2575468 LISTED BY: Moshe Adika, TCS Management, LLC 215-383-1439 SOURCE: Bright MLS

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