Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
1531 Green St, Philadelphia, PA 19130Opportunity
Value-Add Potential through Strategic Upgrades: As a Class C building constructed in 1920 with no recorded renovations, this asset presents significant value-add opportunities. Investors can implement targeted upgrades—such as modernizing units, enhancing common areas, or adding energy-efficient features—to increase rental income and property value. The existing amenities (courtyard and laundry facilities) provide a foundation for improvement. With a price per square foot of $207.58 and a price per unit of $229,167, the property is priced below premium market rates, allowing room for capital appreciation post-renovation.
Opportunity
Market Resilience with Long-Term Appreciation: Philadelphia’s urban core has demonstrated resilience during economic cycles, with sustained demand for affordable housing. The property’s historic charm (built in 1920) adds character, appealing to tenants seeking unique living spaces. Strategic factors include the potential for rent growth as neighborhood redevelopment continues, and the option to hold the asset for long-term capital appreciation. Investors should monitor local tax rates and regulatory changes, but the current market context supports steady appreciation over a 5–10 year horizon.
Risk
Risk Mitigation through Due Diligence: Key risks include the building’s age (104 years), which may require higher maintenance costs or capital expenditures for systems updates (e.g., plumbing, electrical). The lack of parking could limit tenant demand in car-dependent segments, though urban renters often prioritize walkability. Investors should conduct thorough inspections, review zoning compliance, and analyze comparable sales to validate pricing. Additionally, securing financing for Class C properties may require higher equity contributions, but the strong location and value-add potential can mitigate lender concerns.
Strength
Strong Location with Urban Demand Drivers: The property is situated in Philadelphia’s 19130 ZIP code, a vibrant urban area experiencing steady demand for rental housing due to ongoing redevelopment and proximity to amenities. Philadelphia’s multifamily market remains resilient, supported by population growth and economic activity. The R10 zoning ensures multifamily use compliance, adding stability. Location strengths include access to transportation, cultural attractions, and employment centers, which enhance tenant appeal and reduce vacancy risk.
Strength
Financial Accessibility with Scalable Cash Flow: The sale price of $1,375,000 and six-unit configuration offer an accessible entry point for investors targeting scalable portfolios. While NOI and cap rate data are unavailable, the pricing structure aligns with Philadelphia’s multifamily trends, suggesting potential for strong cash flow. Investors should conduct a pro forma analysis to project rental income based on local market rates (estimated $1,500–$2,000 per unit monthly), which could yield an annual gross income of $108,000–$144,000. Operating expenses (e.g., maintenance, taxes, utilities) must be assessed to determine net returns, but the property’s efficient size (6,624 sq ft) may help control costs.
Property Overview
- Multifamily Building located in Philadelphia, PA
- Built in 1920
- 6,624 SF of rentable area
Property Details
| Year Built | 1920 | Building Type | Multifamily |
| Total Size | 6,624 SF | Zoning | R10 |
| Parking Spaces | N/A | Occupancy Rate | 0.0% |
| Cap Rate | 0.00% | Annual NOI | $0 |
| Price | $1,375,000 | Price/SF | $207.58 |
| Location | Philadelphia, PA | County | Philadelphia |
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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.
Where Your NOI Goes Each Month
* Distribution based on current inputs. Actual expenses may vary.
Total Return if Sold (Exit Strategy)
* Assumes property appreciation and no sale costs. Past performance doesn't guarantee future results.
Investment Due Diligence FAQ
Key questions for informed investment decisions
Things Near
Public Transportation
0.3 milesRestaurants & Dining
0.2 milesShopping Center
0.5 milesParks & Recreation
0.8 milesAbout Philadelphia
Located in Pennsylvania, Philadelphia is a dynamic area with strong commercial real estate fundamentals and excellent connectivity.
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