1230 N Marshall St - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$1,400,000 USD
267-243-4652
1230 N Marshall St, Philadelphia, PA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/31
null | 6.89% Cap Rate

1230 N Marshall St
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • 2024 New Construction with ~8 Years Remaining Tax Abatement
  • $96K+ NOI | 6.89% Cap Rate | 1.18 DSCR – Immediate Cash Flow
  • Fully Occupied with PHA Tenants Providing Stable, Government-Backed Income
  • Prime Olde Kensington Location Near Fishtown, NoLibs & Girard Ave Transit
  • Includes One Year of Free Professional Property Management

OVERVIEW

Philly CRE is pleased to present 1230 N Marshall Street, a newly constructed, fully occupied 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 a rare opportunity to acquire a stabilized, low-maintenance asset with high in-place income and long-term appreciation potential in one of Philadelphia’s fastest-growing corridors. The property is ideally positioned within walking distance to Girard Station on the Market-Frankford Line and surrounded by multiple SEPTA bus routes along Girard Avenue, providing seamless access to Center City, University City, and beyond. Residents benefit from a highly walkable location with immediate access to the vibrant dining, retail, and nightlife scenes of Olde Kensington, Fishtown, and Northern Liberties, driving consistent rental demand from young professionals. The unit mix includes two studio units, three one-bedroom units, and one one-bedroom plus den unit, all thoughtfully designed with modern layouts that maximize efficiency and tenant appeal. The building is fully leased to PHA tenants, offering reliable, government-backed income while minimizing vacancy and collection risk. Constructed with high-end finishes throughout, each unit features modern kitchens, updated bathrooms, and well-proportioned layouts tailored to today’s renter. All units are separately metered and equipped with individual mechanical systems, allowing for streamlined management and reduced landlord expenses, and each unit includes an in-unit washer and dryer to further enhance tenant convenience and retention. Further strengthening the investment profile, the property benefits from a full ten-year tax abatement with approximately eight years remaining, significantly reducing operating expenses and boosting overall returns. At the current asking price of $1,400,000, the asset delivers a 6.89 percent cap rate, 4.23 percent cash on cash return, and a DSCR of 1.18 based on in place income, with an NOI of $96,517 and projected annual cash flow after debt of $14,794, positioning investors for immediate yield with additional upside as rents continue to grow in this evolving submarket. Located within a Qualified Opportunity Zone, 1230 N Marshall Street may also provide additional tax advantages for investors focused on long-term wealth creation. As an added incentive, the offering includes one year of free property management, providing immediate operational support and increased net income for investors. Take advantage of this exceptional opportunity to secure a turnkey, high-yielding investment with built-in management support and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

RM1

APN/PARCEL ID

881000774

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

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Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.