1230 S 2nd Street

PHILADELPHIA, PA 19147

  • 0 Bed(s)
  • 0 Bath(s)
  • 1,728 Sqft
  • 977
    Sqft(Lot)
$1,495,000

Description

Incredible investment opportunity in the heart of pennsport, this fully occupied three-building portfolio features seven residential units across 1228 s 2nd st, 1230 s 2nd st, and 1231 s philip st. the unit mix includes five 2-bedroom / 1-bath units and two 1-bedroom / 1-bath units, ideal for renters seeking space and location. one of the 1-bedroom units is a large lofted space perfect for extra office or storage. several units have been upgraded, including a fully renovated first-floor unit at 1230 s 2nd featuring a modern kitchen, new flooring, and a waterproofed basement. other units offer private outdoor amenities such as backyards and basement access. in-unit laundry and recent seller upgrades such as new roofs, upgraded hvac systems, and finish updates throughout enhance tenant appeal and reduce long-term maintenance costs. the portfolio is currently producing stable income (roughly $88k of in-place noi), with room to increase rents through targeted updates and aligning with market rates (projected $106k market-rate noi). the 7-unit portfolio includes 1228 s 2nd st (021384000), 1230 s 2nd st (021384110), and 1231 s philip st (021385310). the total building square footage of the three properties is approximately 5,625. situated just steps from dickinson square park and the vibrant 2nd street commercial corridor, tenants enjoy a highly walkable neighborhood with quick access to i-95, public transit, and center city. this is a rare chance to acquire a stabilized, income-producing asset with long-term upside in one of south philadelphia’s most desirable and appreciating neighborhoods.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Other

  • AD ID

    49376116

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Basement Description: Full

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1915
    • Structure: Interior Row/Townhouse
    • New Construction: No
    • Total Units: 2
    • Built: 1915
    • Construction Material: Masonry
    • Foundation/Basement: Brick/Mortar,Other
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 977
    • Dimensions: 18.00 x 54.00
    • Lot Size (Acres): 0.02
    • Architectural Style: Other
    • Main Square Feet: 977

    Property Information

    • SQ ft: 1,728
    • SQ ft (Living Area): 1,728
    • Total Lot SQ ft: 977
    • Appx. Lot Dimensions: 18.00 x 54.00
    • Total Acreage: 0.02
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $4,640
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $331,500

  • Parking Information

    • Parking Type: None

    Homeowners Association Information

    • Direction: GPS

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: GPS
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BuyOwner last updated this listing 04/26/2025 @ 06:47

  • MLS: PAPH2468388
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 1,728 sqft, 977 sized lot, and 0 parking. are nearby neighborhoods.