Modern Six-Unit Apartment
For Sale
$1,299,000
1230 N MARSHALL STREET, Philadelphia, PA 19122
Recently built multifamily property with varied unit layouts, in-unit laundry, and individual mechanical systems.
Property Size4,800 SF
Days on Market52
Property Features for 1230 N MARSHALL STREET
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Five Or More Units
Financials
Asking Price
$1,299,000
Opportunity Zone
Yes
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x studio, 3 x 1BR, 1 x 2BR/2BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,639
Amenities
in-unit washers and dryers
Building Details
Building Size
4,800 SF
Year Built
2024
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
ERIC Andrew Dvotsky · License #rs332410
(267) 243-4652
Source:
Patmckennarealtors
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 1:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
Completed in 2024, this six-unit apartment building includes two studios, three one-bedroom residences, and one two-bedroom, two-bathroom residence. Each unit has a contemporary kitchen and bathroom, an efficient floor plan, an individual mechanical system, and an in-unit washer and dryer. The property is scheduled for delivery fully occupied, providing a stabilized residential configuration at closing.
The building is located on N Marshall Street in Philadelphia’s Olde Kensington neighborhood, within walking distance of Girard Station and near Girard Avenue. Fishtown and Northern Liberties are also nearby, with surrounding restaurants, retail, entertainment, and nightlife. The property benefits from Philadelphia’s 10-year residential new-construction tax abatement program and is situated within a Qualified Opportunity Zone.
The building is located on N Marshall Street in Philadelphia’s Olde Kensington neighborhood, within walking distance of Girard Station and near Girard Avenue. Fishtown and Northern Liberties are also nearby, with surrounding restaurants, retail, entertainment, and nightlife. The property benefits from Philadelphia’s 10-year residential new-construction tax abatement program and is situated within a Qualified Opportunity Zone.
Key Highlights
- Six‑unit apartment building completed in 2024
- Unit mix includes two studios, three one‑bedrooms, and one two‑bedroom, two‑bathroom residence
- Fully occupied at delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,502
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,040
$1.5M
Cap Rate 7%
$1,078,600
$1.1M
Cap Rate 9%
$838,911
$838.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$145.7K $30.36/SF
− Vacancy
−$8.5K −$1.76/SF
EGI
$137.3K $28.60/SF
− OpEx
−$61.8K −$12.87/SF
NOI
$75.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,040
Cap Rate 7%
$1,078,600
Cap Rate 9%
$838,911
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$943.8K – $1.26M
NOI $75,502 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,911 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,823
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently built multifamily property with varied unit layouts, in-unit laundry, and individual mechanical systems.
Where is this apartment building located?
The property is located at 1230 N MARSHALL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Six‑unit apartment building completed in 2024; Unit mix includes two studios, three one‑bedrooms, and one two‑bedroom, two‑bathroom residence; Fully occupied at delivery
