1228 S 2nd St, Philadelphia, PA 19147
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
1228 S 2nd St,Philadelphia, PA 19147
$1,300,000
- 6 Beds
- - Baths
- 2,457 sq. ft.
- Multi-family
- Active
Listed by: alex c prince
Office: tcs management, llc.
MLS#:PAPH2575064
Source:BRIGHTMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$529.1
About this home
"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST"
Global Real Estate Advisors (GREA) is pleased to present 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.
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Home facts
- Year built:1915
- Listing ID #:PAPH2575064
- Added:6 day(s) ago
- Updated:January 22, 2026 at 02:49 PM
Rooms and interior
- Bedrooms:6
- Living area:2,457 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central
Structure and exterior
- Year built:1915
- Building area:2,457 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$529.1
- Tax amount:$5,849 (2025)
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