1230 N Marshall St, Philadelphia, PA 19122
Local realty services provided by:CENTURY 21 Rauh & Johns
1230 N Marshall St,Philadelphia, PA 19122
$1,370,000
- 5 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: eric andrew dvotsky, maxim sirotovsky
Office: bhhs fox & roach-center city walnut
MLS#:PAPH2611104
Source:BRIGHTMLS
Price summary
- Price:$1,370,000
About this home
Philly CRE is pleased to present 1230 N Marshall Street, a newly constructed, fully occupied six-unit multifamily asset in the heart of Olde Kensington, just steps from Girard Avenue and moments from Fishtown and Northern Liberties. Built in 2024, this boutique property offers investors a rare opportunity to acquire a stabilized, low-maintenance asset with high in-place income and long-term appreciation potential in one of Philadelphia’s fastest-growing corridors. The property is ideally positioned within walking distance to Girard Station on the Market-Frankford Line and surrounded by multiple SEPTA bus routes along Girard Avenue, providing seamless access to Center City, University City, and beyond. Residents benefit from a highly walkable location with immediate access to the vibrant dining, retail, and nightlife scenes of Olde Kensington, Fishtown, and Northern Liberties, driving consistent rental demand from young professionals. The unit mix includes two studio units, three one-bedroom units, and one two-bedroom two-bathroom unit, all thoughtfully designed with modern layouts that maximize efficiency and tenant appeal. Unlike many competing multifamily assets in the area, the property is fully occupied with strong in-place market-rate tenancy and no PHA-backed leases, offering investors a traditional private-pay tenant profile with significant long-term rental upside and flexibility. Constructed with high-end finishes throughout, each unit features modern kitchens, updated bathrooms, and well-proportioned layouts tailored to today’s renter. All units are separately metered and equipped with individual mechanical systems, allowing for streamlined management and reduced landlord expenses, and each unit includes an in-unit washer and dryer to further enhance tenant convenience and retention. Further strengthening the investment profile, the property benefits from original full ten-year tax abatement with approximately eight years remaining, significantly reducing operating expenses and boosting overall returns. At the current asking price of $1,370,000, the asset delivers a 7.06 percent cap rate, 4.88 percent cash on cash return, and a DSCR of 1.21 based on in-place income, with an NOI of $96,697 and projected annual cash flow after debt of $16,725, positioning investors for immediate yield with additional upside as rents continue to grow in this evolving submarket. Located within a Qualified Opportunity Zone, 1230 N Marshall Street may also provide additional tax advantages for investors focused on long-term wealth creation. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Take advantage of this exceptional opportunity to secure a turnkey, high-yielding investment with built-in management support and long-term growth potential....
Contact an agent
Home facts
- Year built:2024
- Listing ID #:PAPH2611104
- Added:57 day(s) ago
- Updated:June 18, 2026 at 10:20 AM
Rooms and interior
- Bedrooms:5
- Kitchen Description:Stainless Steel Appliances
- Basement:Yes
- Basement Description:Fully Finished
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric
Structure and exterior
- Year built:2024
- Lot area:0.04 Acres
- Construction Materials:Brick, Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,370,000
- Tax amount:$3,639 (2024)
New listings near 1230 N Marshall St
- New
$158,000Active2 beds 1 baths728 sq. ft.2061 Independence St, PHILADELPHIA, PA 19138
MLS# PAPH2638522Listed by: LEVERAGE REAL ESTATE - New
$249,900Active3 beds 1 baths1,260 sq. ft.8437 Fayette St, PHILADELPHIA, PA 19150
MLS# PAPH2638490Listed by: TESLA REALTY GROUP, LLC - New
$319,900Active4 beds 3 baths1,494 sq. ft.1906 Plymouth St, PHILADELPHIA, PA 19138
MLS# PAPH2638496Listed by: ARCHSTONE REALTY - New
$124,900Active3 beds 1 baths1,152 sq. ft.4312 Potter St, PHILADELPHIA, PA 19124
MLS# PAPH2636408Listed by: FLATIRON REALTY GROUP, LLC - New
$399,900Active-- beds -- baths2,550 sq. ft.1918 N Gratz St, PHILADELPHIA, PA 19121
MLS# PAPH2638432Listed by: KELLER WILLIAMS REALTY DEVON-WAYNE - New
$200,000Active3 beds 2 baths1,104 sq. ft.4119 Orchard St, PHILADELPHIA, PA 19124
MLS# PAPH2638470Listed by: BELIEVE REALTY GROUP - New
$725,000Active4 beds -- baths2209 N 7th St, PHILADELPHIA, PA 19133
MLS# PAPH2638474Listed by: BHHS FOX & ROACH-CENTER CITY WALNUT - Open Sun, 11am to 1:30pmNew
$450,000Active2 beds 2 baths1,008 sq. ft.1634 S Clarion St, PHILADELPHIA, PA 19148
MLS# PAPH2534828Listed by: COMPASS PENNSYLVANIA, LLC - Open Fri, 1 to 3pmNew
$699,000Active3 beds 5 baths2,293 sq. ft.2657 Livingston St, PHILADELPHIA, PA 19125
MLS# PAPH2614176Listed by: KELLER WILLIAMS REALTY DEVON-WAYNE - Coming Soon
$335,000Coming Soon1 beds 1 baths1101 Locust St #6k, PHILADELPHIA, PA 19107
MLS# PAPH2629238Listed by: COLDWELL BANKER REALTY