4,356 SqFt
4,356 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,356 sqft
Price per Sqft $321
Subdivision Spring Garden
MLS Listing ID PAPH2524290
Year Built 1920
Annual Tax Amount $10,330
Tax Year 2025
Lot Size 3,651 Sqft
Acres 0.08
Lot Dimensions 36.00 x 101.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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 at $1,450, expires 8/31/26
Unit 2, a 1-bedroom, 1-bath at $1,320, expires 2/28/26
Unit 3, a 2-bedroom, 1-bath at $1,600, expires 4/30/26
Unit 4, a 2-bedroom, 1-bath at $1,785, expires 5/31/26
Unit 5, a 1-bedroom, 1-bath at $1,200, expires 6/5/26
Unit 6, a 1-bedroom, 1-bath at $1,200, expires 6/30/26
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.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881801000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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