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Arshia Kia

arshia@kiateam.com +1(571) 403-0203

Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

$ 1,299,000

Est. payment | -/mo

1,652 Sqft Lot

Save

$ 1,299,000

Est. payment | -/mo

Save

1,652 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Ludlow

MLS Listing ID PAPH2667554

Year Built 2024

Annual Tax Amount $3,639

Tax Year 2024

Lot Size 1,652 Sqft

Acres 0.04

Lot Dimensions 20.00 x 83.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Philly CRE is pleased to present 1230 N Marshall Street, a recently constructed six-unit multifamily asset in the heart of Olde Kensington, just steps from Girard Avenue and moments from Fishtown and Northern Liberties. Built in 2024, this boutique property offers investors the opportunity to acquire a modern, low-maintenance, income-producing asset in one of Philadelphia's most active and rapidly appreciating residential corridors. The property will be delivered fully occupied, providing immediate stabilized income from day one. The building features two studios, three one-bedroom residences, and one spacious two-bedroom, two-bathroom unit, with each residence offering contemporary kitchens and bathrooms, efficient layouts, individual mechanical systems, and in-unit washers and dryers. The modern construction and highly functional unit mix create an attractive rental product designed to support strong tenant demand and long-term rent growth. Gross potential rent is approximately $9,277 per month, or $111,324 annually. Projected annual operating expenses total approximately $20,854, resulting in projected NOI of approximately $90,470. At the current asking price of $1,299,000, or approximately $216,500 per unit, the property offers a projected 6.96% capitalization rate and an attractive combination of current yield, newer construction, and long-term appreciation potential. Further strengthening the investment profile, 1230 N Marshall Street benefits from Philadelphia's current 10-year residential new-construction tax abatement program. As a 2024 asset, the property remains in the early years of its declining abatement schedule, providing meaningful real estate tax savings and helping support an efficient operating expense structure. The property is ideally positioned within walking distance of Girard Station and surrounded by the restaurants, retail, entertainment, nightlife, and continued development of Olde Kensington, Fishtown, and Northern Liberties. This highly desirable location continues to attract renters and investment while supporting sustained rental growth and long-term property values. Located within a Qualified Opportunity Zone, 1230 N Marshall Street may also provide additional benefits for qualifying investors. With 2024 construction, full occupancy at delivery, strong projected NOI, favorable tax-abatement benefits, modern building systems, and an exceptional location, this offering represents a compelling opportunity to acquire a turnkey multifamily investment positioned for durable cash flow and long-term value growth.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air, Heat Pump(s)

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 141031100

Ownership Fee Simple

Special Listing Condition Standard

Nearby Locations

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+1(571) 403-0203

arshia@kiateam.com

1230 N MARSHALL ST Philadelphia, PA 19122

Arshia Kia

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1230 N MARSHALL ST