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Seven-Unit Apartment Building
For Sale
$1,300,000

1230 S 2nd Street, Philadelphia, PA 19147

Boutique multifamily property with five two-bedroom and two one-bedroom units, built in 1915.

Property Size1,728 SF
Price / SF$752.31
Days on Market243

Property Features for 1230 S 2nd Street

General Information

Standard status Active
Size 1,728 SF
Property subtype Multi-family
Lease Term []

Units

Unit Mix 5 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 7

Additional Details

Average Monthly Rent $1,551

Building Details

Year Built 1915
Listing Agency: TCS Management,LLC
Listed By: Moshe Adika · License #AB069795
Source: Deepcreeklake
Added: Nov 30, 2025 Changed: Jul 30 Last Checked: Jul 30 at 3:51PM

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 TCS Management,LLC

Investment Insights

Based on property information with market context.

Fee simple opportunity at 1228–30 South 2nd Street and 1231 S. Philip Street: a boutique seven-unit apartment building in South Philadelphia’s Pennsport area. The property is configured with five two-bedroom/one-bath rental units and two one-bedroom/one-bath rental units, providing a balanced unit mix for day-to-day occupancy needs.

The building was constructed in 1915. Total property size is listed at 1,728, and the residential layouts are designed to serve a range of renter types with both one- and two-bedroom options. The offering includes 1228–30 South 2nd Street as well as 1231 S. Philip Street as part of a package sale.

This asset is presented as a turnkey multifamily investment with in-place rents and unit mix spanning one- and two-bedroom homes, supporting steady leasing demand within a neighborhood described as increasingly sought after by residents.

Key Highlights

  • Package sale includes 1228–30 South 2nd Street and 1231 S. Philip Street
  • Seven total units with five two‑bedroom/one‑bath and two one‑bedroom/one‑bath units
  • Property size listed at 1,728

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Accounting Firm Electrical Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,858
Businesses Nearby

Demographics for 19147, PA

41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Boutique multifamily property with five two-bedroom and two one-bedroom units, built in 1915.
Where is this apartment building located?
The property is located at 1230 S 2nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Package sale includes 1228–30 South 2nd Street and 1231 S. Philip Street; Seven total units with five two‑bedroom/one‑bath and two one‑bedroom/one‑bath units; Property size listed at 1,728
More about this property
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