Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1728.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    977

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Other

Price

  • Sales Price

    $1,300,000

  • Tax Amount

    $4,640

  • Sq. Footage

    1,728

  • Price/SqFt

    $752

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar, Other

  • Sewer

    Public Sewer

  • Tax Lot

    426

  • Water Source

    Public

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Listing Courtesy of Moshe Adika , TCS Management, LLC

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"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.

1230 S 2ND STREET

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Related Properties

Rare opportunity to own a sixplex in Logan Square! Nestled in Philadelphia’s popular Logan Square neighborhood, 142 North 21st Street offers an exceptional opportunity for investors and owner-occupants alike. This 6-unit multifamily apartment building boasts a generous 3,143 square feet of living space on a 2,119 square foot lot with four one-bedroom units and two studio apartments. The building captures the architectural integrity that is increasingly rare amidst the city's modern developments, with 8-foot high ceilings and a full basement. The units are spacious and airy with tall bay windows. There is ample room for customization or enhancement in the future. Some apartments feature updated kitchens with gas range ovens, garbage disposals, and modern touches. Other notable elements include exposed brick, ceiling fans, wall unit A/C, and built-ins. The private yard invites outdoor relaxation, while the shared laundry is a convenient option for tenants.
Location:
Logan Square ranks as the #7 best overall neighborhood in Philadelphia and is the #4 locations for young professionals in the area. Logan Square is renowned for its outstanding walkability and transit scores, earning a "Walker's Paradise" rating with a WalkScore of 97 and a "Rider's Paradise" TransitScore of 100. This apartment building’s central location provides easy access to the Franklin Institute, Rittenhouse Square, Logan Square, the Art Museum and Kelly Drive. This investment property offers a unique opportunity to own a piece of one of Philadelphia’s most dynamic and desirable neighborhoods.

Investment property notes:

This building is a great rental investment with a significant potential for value add should the new owner decide to update a few units. There is strong rental demand in the neighborhood. The basement storage lockers/cages are available for all tenants. Yard is included with Apt 1-R. Parking is street-only. Rent Roll available upon request (current rents are lower than market). Tenants pay heat (electric baseboard), gas (stove), and electricity. The owner pays for water, sewer and trash. Separate meters for all apartments.

Get in touch for the full list of rental information and fees.
#PAPH2548880

PHILADELPHIA

142 N 21ST STREET

4 Beds

None Baths

3,143 Sq.Ft.

$1,295,000

MLS#: PAPH2548880

High-Income 3-Unit Investment Opportunity in Francisville | Built 2019 | Tax Abatement

Turnkey triplex generating $6,495+ per month in projected rental income, located in the rapidly growing Francisville section of Philadelphia. Built in 2019, this modern multi-family property offers strong in-place income, low maintenance, and approximately 4 years remaining on a tax abatement, helping maximize cash flow.

Ideal for investors or owner-occupants
One unit is currently vacant, creating an immediate opportunity to house hack or lease at market rent.

Property Breakdown:

Unit A, Bi-Level, 4 Bed, 3 Bath
Spacious private-entry unit with open living area, patio access, and in-unit laundry.
Currently rented at $2,450/month through April 2027.

Unit B, 2 Bed, 2 Bath
Open layout with bedrooms on opposite ends, each with walk-in closets and bathroom access.
Vacant, projected rent $1,995/month.

Unit C, 2 Bed, 2 Bath + Roof Deck
Split-bedroom design with private rooftop access and city views.
Currently rented at $2,150/month through November 2026.

Investment Highlights:

Projected gross income: $77,940+ annually
Tenants pay most utilities (low expense structure)
Modern construction, built 2019
High bedroom-to-bath ratio increases rental demand
Multiple rental strategies, long-term, roommate-style, or mid-term

Located minutes from Center City, Temple University, major hospitals, and public transportation, this property sits in a high-demand rental corridor with continued neighborhood growth and strong tenant demand.

Strong existing leases, modern layouts, and long-term upside make this a compelling addition to any portfolio.

Disclaimer:
Information is deemed reliable but not guaranteed. Buyer to verify all details including tax abatement, income, zoning, and square footage. This is not legal or financial advice.
#PAPH2605536

PHILADELPHIA

1642 CAMBRIDGE STREET

7 Beds

None Baths

4,568 Sq.Ft.

$1,149,000

MLS#: PAPH2605536

929 N 40th Street presents a strong mixed-use investment opportunity with immediate cash flow, diversified income, and built-in rent growth. This property features six income-producing spaces, including one commercial unit and five residential units.

The property currently generates $8,992 in monthly gross income, totaling $107,904 in annual gross income. Based on the provided expenses, the property produces an estimated annual NOI of approximately $101,808–$101,908, in-place cap rate of 8%.

The commercial space is leased at $2,250 per month on a 5-year lease with 3% annual increases, providing investors with stable income and built-in rent growth. Residential rents include Unit A at $1,150/month, Unit B at $1,692/month, Unit C at $1,300/month, Unit D at $1,300/month, and Unit E at $1,300/month.

Property Highlights:
• Mixed-use investment with commercial and residential income
• Six income-producing spaces
• Current monthly gross income: $8,992
• Annual gross income: $107,904
• Estimated NOI: approximately $101,808–$101,908
• 5-year commercial lease with 3% annual increases
• Tax abatement in place
• Potential 1031 tax-deferred exchange opportunity

929 N 40th Street is positioned as an attractive opportunity for investors seeking cash flow, stability, and long-term upside in Philadelphia. The combination of residential income and a long-term commercial lease creates multiple revenue streams and added income security.

This property may also be a strong option for investors looking to complete a 1031.
#PAPH2646188

PHILADELPHIA

929 N 40TH STREET

None Beds

None Baths

5,032 Sq.Ft.

$1,225,000

MLS#: PAPH2646188

$136,920 Annual Gross Rents - Fully Occupied!  Prime Brewerytown Investment Opportunity – Fully Occupied 7-Unit Condo-Ready Building.  Welcome to 1234 N. 30th Street, Units 1–7, a fully occupied 7-unit multifamily asset located in the heart of Brewerytown, one of Philadelphia’s most rapidly appreciating neighborhoods.

The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,410 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment.

What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies:

- Continue operating as a stabilized income-producing rental

- Sell individual condo units separately over time

- Implement a hybrid strategy combining rentals and condo sales

All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal.  Located just minutes from Center City, major universities, public transportation, and Brewerytown’s expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth.

This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia’s hottest submarkets.
#PAPH2573514

PHILADELPHIA

1234 N 30TH STREET

15 Beds

None Baths

5,631 Sq.Ft.

$1,400,000

MLS#: PAPH2573514

This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.
#PAPH2546916

PHILADELPHIA

1735 S 23RD STREET

10 Beds

None Baths

7,602 Sq.Ft.

$1,400,000

MLS#: PAPH2546916

Presenting a modern turnkey property built in 2017! This multi-level home offers thoughtfully designed living spaces across each floor. The first floor features an expansive four-bedroom layout, each bedroom boasting its own full bathroom for ultimate convenience. The second and third floors each offer two bedrooms and two bathrooms, combining comfort and functionality. At the top, enjoy a stunning rooftop deck with scenic views, perfect for relaxing or entertaining. Throughout the home, you’ll find hardwood floors, while each unit features a modernized kitchen and bathrooms tiled floor-to-ceiling. A move-in-ready opportunity for comfortable city living!
#PAPH2611794

PHILADELPHIA

657 N 12TH STREET

4 Beds

None Baths

3,357 Sq.Ft.

$1,050,000

MLS#: PAPH2611794

Exceptional opportunity to acquire 1516 & 1518 Diamond Street as a package in one of North Philadelphia’s strongest rental corridors, just moments from Temple University. Together, these neighboring properties offer 8 total units with an attractive unit mix of two 3-bedroom/1-bath units, two 3-bedroom/2-bath units, and four 4-bedroom/2-bath units, creating strong appeal for student and off-campus renters seeking larger shared living spaces in a prime location.

Positioned in a high-demand area with consistent rental activity, this portfolio offers scale, functionality, and long-term upside for investors looking to expand near Temple’s campus. The larger bedroom counts and versatile layouts are well-suited for the student housing market, while the properties’ proximity to Temple University, Broad Street, public transportation, neighborhood dining, and everyday conveniences further enhances tenant demand.

Whether you’re adding to an existing portfolio or looking to establish a presence in one of Philadelphia’s most active investment submarkets, 1516 and 1518 Diamond Street present a compelling package opportunity with strong rental appeal, an ideal unit mix, and a location that continues to attract student renters year after year.

For investors seeking greater scale, this package may also be purchased together with nearby 1726 Arlington Street, creating a larger 10-unit portfolio opportunity in the heart of Temple University's rental market.
#PAPH2646578

PHILADELPHIA

1516-18 W DIAMOND STREET

12 Beds

None Baths

7,884 Sq.Ft.

$1,549,900

MLS#: PAPH2646578

Welcome to 1108 Locust Street - An exceptional opportunity to own a beautiful, fully occupied triplex in the heart of Philadelphia's highly sought-after Washington Square West neighborhood. Apartment 1 | First Floor + Partially Finished Basement: Spacious bi-level 1-bedroom, 1.5-bath residence featuring a versatile bonus room—perfect as a home office, den, or guest space. This well-appointed unit offers a modern kitchen and bath. Currently leased for $2,500/month. Apartment 2 | Second Floor: Beautifully renovated 1-bedroom, 1-bath apartment showcasing a contemporary kitchen with a center island, spacious walk-in closet, and a stylish tiled bathroom. Currently leased for $2,000/month. Apartment 3 | Third Floor: Bright and inviting 1-bedroom, 1-bath apartment with a spacious walk-in closet. Currently leased for $2,000/month. Property Highlights: Fully occupied with a current gross monthly rental income of $6,500, separate gas and electric meters, individual water heaters for every apartment, central air conditioning and heating throughout, in-unit washer and dryer in all three apartments, and beautifully, renovated hallway. Prime Washington Square West Location - ideally situated just steps from some of Philadelphia's best cafés, restaurants, boutiques, and neighborhood favorites. Enjoy easy access to Pennsylvania Hospital, Jefferson University Hospital, PATCO, the Broad Street Line, Regional Rail, and multiple bus routes, making commuting throughout the city and beyond incredibly convenient. With modern upgrades, dependable cash flow, and an unbeatable Center City location, 1108 Locust Street presents a wonderful opportunity to own a turnkey, multi-family property in one of Philadelphia's most desirable neighborhoods.
#PAPH2648290

PHILADELPHIA

1108 LOCUST STREET

3 Beds

None Baths

2,380 Sq.Ft.

$1,200,000

MLS#: PAPH2648290

Presenting a rare opportunity to acquire a corner, 13-unit mixed-use value-add building in highly sought-after Northern Liberties. Surrounded by new development, this expansive double-wide property is positioned to achieve Group 4 rents under the Section 8 schedule. Priced below market with significant potential for additional upside, this asset offers an exceptional investment play in one of the area’s most desirable neighborhoods.

-1 building & 1 townhouse
-13 units mix of studios to 3 bedrooms
-commercial space on Girard Ave
-area new development
-revenue based on Section 8 rent schedule
-CMX2 zoning designation
#PAPH2581322

PHILADELPHIA

701 W GIRARD AVENUE 3

20 Beds

None Baths

8,600 Sq.Ft.

$1,400,000

MLS#: PAPH2581322

 - property

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