1531 Green St - Apartments FOR SALE


Philadelphia, PA 19130- Fairmount-Art Museum
$1,400,000 USD
215-431-5652
1531 Green St, Philadelphia, PA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1531 Green St
Philadelphia, PA 19130
Fairmount-Art Museum


OVERVIEW

1531 Green Street | Fairmount Multifamily with Serious Upside Located in the heart of Fairmount—one of Philadelphia’s most sought-after neighborhoods—1531 Green Street is a fully occupied six-unit multifamily building offering both immediate income and long-term value-add potential. This stabilized asset presents an exceptional opportunity for investors seeking dependable cash flow today with upside through future improvements. The property is currently leased with reliable tenants in place across all six units, generating a total monthly rent of $8,555 and an annual gross income of $102,660. Undermarket rents provide a clear path for revenue growth through cosmetic upgrades or strategic repositioning. Each unit is well-maintained, and the building as a whole stands on a strong foundation with room for meaningful enhancements. One of the property’s standout features is its large private courtyard—an underutilized outdoor space that could be transformed into an amenity-rich environment for tenants. In addition, the basement presents an opportunity to create added income through conversion into storage units, shared office space, a fitness room, or lounge area. These value-add components make the building especially attractive in a high-demand rental corridor. The location is prime, just steps from the Broad Street Line, and walkable to Center City, multiple universities, hospitals, and major employment hubs. Transit access is excellent, making it a highly desirable address for renters and a low-risk holding for landlords. Current rents include: Unit 1, a 1-bedroom, 1-bath rented at $1,450 per month; Unit 2, a 1-bedroom, 1-bath at $1,320; Unit 3, a 2-bedroom, 1-bath at $1,600; Unit 4, a 2-bedroom, 1-bath at $1,785; Unit 5, a 1-bedroom, 1-bath at $1,200; and Unit 6, a 1-bedroom, 1-bath at $1,200. This plug-and-play asset is ideal for buy-and-hold investors, 1031 exchange buyers, or those looking to capitalize on Fairmount’s continued appreciation. With strong in-place income, a trophy location, and clear pathways for rent growth, 1531 Green Street offers an unmatched investment opportunity in one of Philadelphia’s premier submarkets

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% 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

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,650 SF

ZONING

R10

APN/PARCEL ID

881801000

ASK ABOUT THIS PROPERTY

Alex PrinceTCS Management ServicesMore Info
215-431-5652

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Alex PrinceTCS Management ServicesMore Info
215-431-5652

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