Pennsport Multifamily Investment
1231 South Philip Street Philadelphia, PA 19147
1231 South Philip Street, Philadelphia, PA, 19147
$1,300,000
For Sale
$1,300,000
Boutique 7-unit multifamily property in Philadelphia's Pennsport neighborhood.
Property Size1,440 SF
Price / SF$902.78
Days on Market231
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 Agency
TCS Management, LLC
(215) 431-5652
Listed by
Alex C Prince · License #RS322309
(215) 431-5652
Source
Compass
Added: Dec 2, 2025 Updated: Jul 10 at 12:09 pm Checked: Jul 20 at 6:15 am
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.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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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.
