Six-Unit Apartment
New
For Sale
$975,000
1535 POPLAR STREET, Philadelphia, PA 19130
Five furnished apartments and updated air conditioning offer flexibility across the one-bedroom, one-bathroom units.
Property Size3,285 SF
Price / SF$296.80
Days on Market5
Property Features for 1535 POPLAR STREET
General Information
Standard status
Active
Size
3,285 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Gross Income
$95,940
Building Details
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Lara Ertwine · License #RS309044
(215) 460-4119
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT PENNSYLVANIA LLC
Investment Insights
Based on property information with market context.
This 3,285-SF apartment property contains six one-bedroom, one-bathroom units and was built in 1915. All six apartments are occupied. Five units are furnished, with the furniture included in the sale. Updates completed within the past five years include new air conditioning units; the roof is five years old.
Lease terms vary: most apartments are leased for 12 months, while select units have shorter terms of 3–6 months. The property is in Francisville, near Fairmount and the Philadelphia Museum of Art. Broad Street Line service, Temple University, dining, and neighborhood amenities are also nearby.
Lease terms vary: most apartments are leased for 12 months, while select units have shorter terms of 3–6 months. The property is in Francisville, near Fairmount and the Philadelphia Museum of Art. Broad Street Line service, Temple University, dining, and neighborhood amenities are also nearby.
Key Highlights
- Six one‑bedroom, one‑bathroom apartments
- 3,285 SF; built in 1915
- All six units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,671
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,420
$1.0M
Cap Rate 7%
$738,157
$738.2K
Cap Rate 9%
$574,122
$574.1K
Market Conditions
NOI Build-Up for 3,285 SF
Gross rent
$99.7K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$93.9K $28.60/SF
− OpEx
−$42.3K −$12.87/SF
NOI
$51.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,420
Cap Rate 7%
$738,157
Cap Rate 9%
$574,122
Alternative Uses
Best Use
Apartment 5plus
$738.2K
$645.9K – $861.2K
NOI $51,671 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$800.8K
$700.7K – $934.3K
NOI $56,058 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five furnished apartments and updated air conditioning offer flexibility across the one-bedroom, one-bathroom units.
Where is this apartment building located?
The property is located at 1535 POPLAR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bathroom apartments; 3,285 SF; built in 1915; All six units occupied
