Philadelphia, PA 19147,1228 S 2ND ST
Philadelphia, PA 19147,1228 S 2ND ST
Philadelphia, PA 19147,1228 S 2ND ST
35
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Listed by Alex Prince • TCS Management, LLC
$1,300,000
Est. payment /mo
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2,457 SqFt
New

1228 S 2ND ST Philadelphia, PA 19147

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,457 sqft

Price per Sqft $529

MLS Listing ID PAPH2575064

Style Other

Abv Grd Liv Area 2,457

Year Built 1915

Annual Tax Amount $5,849

Tax Year 2025

Lot Size 1,134 Sqft

Acres 0.03

Lot Dimensions 18.00 x 63.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

"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.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RSA5

Interior

Hot Water Other

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2457

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 021384000

Ownership Fee Simple

SqFt Source 2457

Special Listing Condition Standard

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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