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1228 S 2nd St, Philadelphia, PA 19147

Local realty services provided by:CENTURY 21 Mertz & Associates
1228 S 2nd St,Philadelphia, PA 19147
$1,300,000
  • 12 Beds
  • - Baths
  • 2,457 sq. ft.
  • Multi-family
  • Active
Listed by: alex c prince
Office: tcs management, llc.
MLS#:PAPH2575064
Source:BRIGHTMLS

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$529.1

About this home

Global Real Estate Advisors (GREA) is pleased to present 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

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2575064
  • Added:1 day(s) ago
  • Updated:January 15, 2026 at 04:44 PM

Rooms and interior

  • Bedrooms:12
  • Living area:2,457 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central

Structure and exterior

  • Year built:1915
  • Building area:2,457 sq. ft.
  • Lot area:0.03 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$529.1
  • Tax amount:$5,849 (2025)

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