Philadelphia, PA 19147 1230 S 2Nd Street

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2468406
  • 04/15/2025
  • Request Tour
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  • SQFT • 5,625

Home Details

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

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterNone

General for 1230 S 2Nd Street

AccessibilityNone
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
Gross Income10425.00
HeatingCentral
Lot Size Square Feet977.00
Lot Size UnitsSquare Feet
MLS Area19147 (19147)
ModificationTimestamp2025-04-16T11:55:09
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
Operating Expense37177.00
OwnershipFee Simple
PossessionImmediate
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4640.0
Tax Assessed Value331500.0
Tax Lot426
Tax Year2024
Total Actual Rent125100.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA5

Exterior for 1230 S 2Nd Street

Building Area Total0.00
Land Assessed Value66300.00
Land Use CodeW30
Lot Dimensions18.00 x 54.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $1,495,000
MLS#PAPH2468406
List Date 04/15/2025
Property Type Commercial
Phone 703.929.4729
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