1228 S 2nd St
Description
Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood..."property is sold as a package. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST"
Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
- Listed by Alex C Prince • TCS Management, LLCP: (215)-431-5652 alex@tcsmgt.com
Property Details for 1228 South 2nd Street
Property Details for 1228 South 2nd Street
| Status | Active |
|---|---|
| MLS # | PAPH2575064 |
| Days on Market | 12 |
| Taxes | $5,849 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1915 |
| Lot Size | 0.03 AC / 1,134 SF |
| County | Philadelphia County |
Location
Building Information for 1228 South 2nd Street
Payment Calculator
$6,823 per month
30 year fixed, 6.15% Interest
$6,336
$487
$0
Property Information for 1228 South 2nd Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19147 (19147)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $417,900
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $334,320
- City Town Tax: $2,573
- Land Assessed Value: $83,580
- Clean Green Assessed: No
- Land Use Code: U50
- Zoning: RSA5
- Tax Lot: 333
- School Tax: $3,275
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 3
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 3
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Beds Total: 2
- Full Baths Count: 1
- Building Units Total: 3
- Total Finished SQFT: 2,457.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,457.00
- Total SQFT: 2,457.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Other
- Lot Size Source: Assessor
- Lot Size Dimensions: 18.00 x 63.00
- Lot Dimensions Source: Assessor
- Parcel ID: 884636
- Type Of Parking: None
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Central
- Heating Fuel: Other
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: None chosen (Non-REALTOR/Stockholder)
Property History for 1228 South 2nd Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 15, 2026 | Listed (Active) BRIGHT #PAPH2575064 | $1,300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/15/2026 | Listed (Active) BRIGHT #PAPH2575064 | $1,300,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1228 South 2nd Street
Schools near 1228 South 2nd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Vare-Washington Elementary School PublicPK to 8 | ||
Furness Horace High School Public9 to 12 | ||
Academy At Palumbo Public9 to 12 | ||
Creative And Performing Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of TCS Management, LLC
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.