Pennsport Multifamily Investment
1231 South Philip Street, Philadelphia, PA 19147
Boutique 7-unit multifamily property in Philadelphia's Pennsport neighborhood.
Type:Multi-Family / Fee Simple
Property size:
1,440 SFPrice / SF:
$902/SF- Added:
- Jan 16, 2026
- Days on Market:
- 138
- Last Refresh:
- May 13 at 9:32 pm
Property Features for 1231 South Philip Street
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agent Alex C Prince License #RS322309 (215) 431-5652
Listing office TCS Management, LLC (215) 431-5652
Listing date Jan 16, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of TCS Management, LLC
HighLights
- Boutique 7‑unit multifamily property in the rapidly gentrifying Pennsport neighborhood of South Philadelphia.
- Attractive entry point into a strong neighborhood with low vacancy and sustained rental demand.
- Mix of (5) two‑bedroom/one‑bath and (2) one‑bedroom/one‑bath units catering to a diverse renter base.
- Average monthly in‑place rent of $1,551 with potential for rental upside.
- Turnkey multifamily asset in a quality location.
- Opportunity for future appreciation driven by Philadelphia’s development boom.
Overview
This offering presents the opportunity to acquire a fee simple interest in a 7-unit multifamily property located in Pennsport, a rapidly gentrifying residential neighborhood in South Philadelphia. The property, with a size of 1440 square feet, includes the addresses 1228-30 South 2nd Street and 1231 S. Philip Street. It features a mix of five two-bedroom/one-bath rental units and two one-bedroom/one-bath rental units. The average monthly in-place rent is $1,551. Rents for the one-bedroom units range from $1,400 to $1,700, while the two-bedroom units range from $1,440 to $1,700. This property offers an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. It caters to a diverse renter base, including young professionals, couples, and small families. The property is positioned as a turnkey multifamily asset in a quality location, presenting a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by Philadelphia’s development boom. The property is sold as a package with 1228 S 2nd and 1230 S 2nd.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1480698
- Latitude
- 39.9319534
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Boutique 7-unit multifamily property in Philadelphia's Pennsport neighborhood.
Where is this apartment building located?
The property is located at 1231 South Philip 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: Boutique 7‑unit multifamily property in the rapidly gentrifying Pennsport neighborhood of South Philadelphia.; Attractive entry point into a strong neighborhood with low vacancy and sustained rental demand.; Mix of (5) two‑bedroom/one‑bath and (2) one‑bedroom/one‑bath units catering to a diverse renter base.
