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Asking Price - $1,300,000
Days on Market - 150
1231 S Philip Street
Philadelphia, PA 19147
Featured Agent
EveryHome Realtor
Asking Price
$1,300,000
Days on Market
150
# of Units
2
1 Bdrm Units
2
Acres
0.02
Interior SqFt
1,440
Age
106
Heating
N/A
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
4,209
Additional Details Below
EveryHome Realtor
Views: 64
Featured Agent
EveryHome Realtor
Description
"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 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
Driving Directions
Off Wharton St between S 2nd and 3rd st
Listing Details
Exterior Features
Exterior Features
•Masonry
Property History
May 4, 2026
Active Under Contract
5/4/26
Active Under Contract
Miscellaneous
Lattitude : 39.931953
Longitude : -75.148071
MLS# : PAPH2575476
Views : 64
Listing Courtesy: Moshe Adika of TCS Management, LLC
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Notes
Page: © 2026 EveryHome, Realtors, All Rights Reserved.
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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 sold or are no longer being offered for sale.
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