1341 North Marston Street

Philadelphia, PA 19121

$1,225,000
Last Sold Price
12
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor alert: 1341 Marston is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4720 SF 3/4-leased new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia....Investor alert: 1341 Marston is located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This pristine 4720 SF 3/4-leased new construction quadplex in booming Brewerytown is developed by Argo Property Group, master builders of high quality multifamily properties in Philadelphia. Cash flow and appreciation are guaranteed from day one. Each 3bd/2ba unit contains over 1100 SF with open concept living, high-design interiors, hardwood floors, quartz countertops, pendant lights, high ceilings, modern appliances and conveniences throughout. This secure boutique building features striking exterior architecture set on a prominent corner lot. Washer/dryer combos in each unit. High efficiency HVAC and mechanicals. Low expenses. Tenants pay utilities. With over 50 new units on the block, 1341 Marston is surrounded by tastefully-designed new developments, common amenities, walkable retail and dining destinations on Girard Avenue, Fairmount Park greenery and great access to public/mass transportation. This limited investment opportunity provides a strong 6+ cap return with over 77k in projected NOI (net operating income). Pro forma financials and floorplans available upon request. Designed to "for sale" caliber specifications. 10 year tax abatement. 1 year builder warranty. Also available with 1219 27th, 1342 Marston, 1339 Marston as a 4 building package with 17 units total.

Listing Agents

  1. Ryan McManus

    Ryan McManus

    Listing Agent

    Compass

  2. Listed by Justin Kane • BHHS Fox & Roach-Center City Walnut
    P: 4849195790 justin@thekanegroups.com

Property Details for 1341 North Marston Street

Tax ID Number
292072405
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No

Location

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute
LISTING UPDATED: 01/02/2024 11:58 AM

Property Details for 1341 North Marston Street

StatusClosed
MLS #1009971164
Days on Market4
Taxes$666 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2019
Lot Size0.04 AC / 1,850 SF
CountyPhiladelphia County

Building

1341 N Marston St

Built in 2019

Location

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute

Building Information for 1341 North Marston Street

Stories-Residences-Year Built2019Building Size-Lot Size0.04 AC / 1,850 SF

Payment Calculator

$6,741 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,685

Property Taxes

$56

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1341 North Marston Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • County: PHILADELPHIA
  • MLS Area: 19121 (19121)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2018
  • Tax Assessed Value: $47,600
  • Land Assessed Value: $47,600
  • Land Use Code: SR
  • Zoning: RM1
  • Tax Lot: 8
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 4
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Rooms
Rooms
  • Room List: Primary Bedroom
Rooms Information
Room 1
  • Room Type: Primary Bedroom
  • Room Level: Unspecified
  • Room Exists: Yes
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1164
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Unit Type Finished SQFT: 1164
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1196
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1196
  • Beds Total: 3
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
Financial Information
Expenses
  • Other Expense: $13,590
  • Annual Gross Expense: $14,256
Financial Information
  • Gross Income: $90,600
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 18X100
  • Sign On Property: Yes
  • Parcel ID: 1057841
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Sprinkler System
  • Fireplace: No
  • Accessibility Features: None
  • Security Features: Security System, Security Gate
  • Window Features: Energy Efficient
  • Laundry Type: Washer In Unit, Dryer In Unit
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Energy Star Cooling System
  • Cooling Fuel: Electric
  • Heating Type: Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1341 North Marston Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1341 North Marston Street

Taxable ValueLand-Additions-Total-
Tax Record2023$5,046 ($421 / month)
Home Facts
Total Finished SqFt4,242 SqFtAbove Grade Finished SqFt4,242 SqFtStories3Lot Size1,850 SqFtStyleMulti-Family Dwelling (2-4)Year Built2018ZoningRSA5CountyPHILADELPHIAAPN29-2-0724-05

Schools near 1341 North Marston Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - 5 to 12
Rating
School
Distance
Morris Robert School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Carver High School
Public7 to 12

Masterman Julia R Secondary School
Public5 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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.