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1230 N Marshall St , Philadelphia, PA 19122
$1,299,000
Est. Payment: $7,017.42/mo
4800 Sqft
0.04 Acres
Status: active under contract | Days on site: 58
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61039 - 3253917,3290773
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House 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.

Highlights

Listed by ERIC Andrew Dvotsky , 2672434652 and Maxim Sirotovsky , 2672433255 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.04

Year Built

2024

County

Philadelphia

Area

19122 (19122)

Neighborhood

Ludlow

School District

Philadelphia City

Listing ID

PAPH2667554

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:20.00 x 83.00
Zoning:RM1
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$7,017
Taxes
$303

Home Price

$1,299,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$259,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,017.42

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,017.42 $303.25 $0.00 $7,320.67
Yearly $84,209.07 $3,639.00 $0.00 $87,848.07
Total $2,526,272.22 $109,170.00 $0.00 $2,635,442.22
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

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