1231 S Philip Street • Philadelphia, PA 19147

$1,300,000 Beds: 0 • Baths:Sq. Feet: 1440 • MLS ID: PAPH2575476 • Subdivision:School Dist: PHILADELPHIA CITY
"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. View this listing at: http://www.homesalecareers.com/mls=PAPH2575476

Property Features

  • Taxes: $4,209
  • Exterior: Masonry
  • Lot Size: 0.02 Acres
  • Lot Dimensions: 0.02 Acre(S)
  • Heating: Central
  • Cooling: Central A/C
  • Year Built: 1920
  • Water: Public
  • Sewer: Public Sewer
  • Units: 2
  • One Bedroom Units: 2
  • Municipality: PHILADELPHIA
  • Additional Structures: Above Grade,Below Grade
  • Structure Type: Interior Row/Townhouse
  • Total Garage/Parking Spaces: 0

School Information

  • School District: PHILADELPHIA CITY
Printed May 19, 2026


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