Six-Unit Multifamily
1230 North Marshall Street Philadelphia, PA 19122
For Sale
$1,400,000
Newly constructed six-unit building built in 2024 and fully occupied with in-unit washer and dryer for each unit.
Days on Market96
Property Features for 1230 North Marshall Street
General Information
- Standard status
- Active
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2024
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(267) 243-4652
Listed By:
ERIC Andrew Dvotsky · License #rs332410
(267) 243-4652
Source:
Compass
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 24 at 2:38PM
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
Investment Insights
Based on property information with market context.
Built in 2024, this newly constructed six-unit multifamily asset is fully occupied and designed for efficient, low-maintenance ownership. The unit mix includes two studio units, three one-bedroom units, and one one-bedroom plus den unit. Each apartment features modern kitchens and updated bathrooms, and all units include an in-unit washer and dryer. Units are separately metered and equipped with individual mechanical systems, supporting streamlined management.
Located in Olde Kensington near Girard Avenue, the property is steps from Girard Avenue and moments from Fishtown and Northern Liberties, with access to regional transit including the Girard Station on the Market-Frankford Line and nearby SEPTA bus routes along Girard Avenue.
The building is fully leased to PHA tenants. The offering also includes a full ten-year tax abatement with approximately eight years remaining. Current underwriting based on in-place income reports NOI of $96,517, a 6.89% cap rate, 4.23% cash-on-cash return, and a DSCR of 1.18. One year of free property management is included with the sale.
Located in Olde Kensington near Girard Avenue, the property is steps from Girard Avenue and moments from Fishtown and Northern Liberties, with access to regional transit including the Girard Station on the Market-Frankford Line and nearby SEPTA bus routes along Girard Avenue.
The building is fully leased to PHA tenants. The offering also includes a full ten-year tax abatement with approximately eight years remaining. Current underwriting based on in-place income reports NOI of $96,517, a 6.89% cap rate, 4.23% cash-on-cash return, and a DSCR of 1.18. One year of free property management is included with the sale.
Key Highlights
- Newly constructed 6‑unit multifamily building built in 2024, fully occupied
- Unit mix: 2 studio units, 3 one‑bedroom units, and 1 one‑bedroom plus den unit
- Each unit includes in‑unit washer and dryer and has modern kitchen and updated bathroom finishes
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Newly constructed six-unit building built in 2024 and fully occupied with in-unit washer and dryer for each unit.
Where is this apartment building located?
The property is located at 1230 North Marshall Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Newly constructed 6‑unit multifamily building built in 2024, fully occupied; Unit mix: 2 studio units, 3 one‑bedroom units, and 1 one‑bedroom plus den unit; Each unit includes in‑unit washer and dryer and has modern kitchen and updated bathroom finishes
