1230 N MARSHALL STREET, Philadelphia, PA 19122
- Added:
- Apr 21, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 21 at 9:06 pm
Property Features for 1230 N MARSHALL STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3639
Utilities
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2024
- Number of units
- 1
- Architectural style
- Other
Listing agent Philly Home Advisors (267) 326-1272
Listing office BHHS Fox & Roach Center City-Society Hill 530 Walnut Street, Suite 480, PA (215) 627-6005
Listing date Apr 21, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Newly constructed 2024 six‑unit multifamily asset in Olde Kensington, fully occupied and built for modern, low‑maintenance living.
- Unit mix: two studios, three 1‑bedroom units, and one 2‑bedroom 2‑bath unit, all with modern kitchens and updated bathrooms.
- All units are separately metered with individual mechanical systems, plus in‑unit washer and dryer for tenant convenience.
- Heating includes forced air and heat pump; cooling is central air throughout the building.
- Original 10‑year tax abatement with approximately 8 years remaining helps reduce operating expenses.
- In‑place metrics: 7.06% cap rate, 4.88% cash‑on‑cash, 1.21 DSCR, NOI of $96,697, and projected annual cash flow after debt of $16,725.
Overview
The property is located in Olde Kensington, steps from Girard Avenue and moments from Fishtown and Northern Liberties. It provides access to transit via Girard Station on the Market-Frankford Line and is surrounded by multiple SEPTA bus routes along Girard Avenue, supporting convenient connectivity to Center City and beyond.
For tenants and operators, the mix of studio through two-bedroom layouts can support a range of household types while maintaining a consistent, market-rate, private-pay profile, with no PHA-backed leases noted in the offering. The asset also benefits from original full ten-year tax abatement with approximately eight years remaining. Additionally, it is listed as being within a Qualified Opportunity Zone, and the offering includes one year of free property management.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.147392
- Latitude
- 39.971436