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 Philadelphias most desirable and appreciating neighborhoods.
Presented By: Compass Pennsylvania, LLC
Interior Features for 1230 S 2Nd Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementFull
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 1230 S 2Nd Street
AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
Garage Y/NNo
HeatingCentral
Lot Size Square Feet977.00
Lot Size UnitsSquare Feet
MLS Area19147 (19147)
ModificationTimestamp2025-04-16T11:54:04
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6, Unit 7
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