Six-Unit Apartment
For Sale
$975,000
1537 POPLAR STREET, Philadelphia, PA 19130
A mix of furnished and unfurnished apartments offers flexibility as existing leases expire.
Property Size4,080 SF
Price / SF$238.97
Days on Market10
Property Features for 1537 POPLAR STREET
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Furnished
Yes
Gross Income
$96,336
Public Transit
Yes
Multifamily Units
6
Building Details
Year Built
1915
Buildings
1
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Lara Ertwine · License #RS309044
(215) 460-4119
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 7:31PM
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 1915 apartment building contains six fully occupied units with a mix of one- and two-bedroom layouts. Each apartment has received updates within the past five years, including new air-conditioning units, and the roof is five years old. Three apartments are furnished, with their furniture included in the sale. Most leases run for 12 months, while select units have terms of 3–6 months.
The property is in Francisville, near Fairmount and the Philadelphia Museum of Art. Broad Street Line subway service is nearby, as are Temple University, dining, and neighborhood amenities.
The property is in Francisville, near Fairmount and the Philadelphia Museum of Art. Broad Street Line subway service is nearby, as are Temple University, dining, and neighborhood amenities.
Key Highlights
- Six units with full occupancy
- One- and two‑bedroom apartment mix
- Updates to every unit within the past five years, including new air‑conditioning units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,176
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,283,520
$1.3M
Cap Rate 7%
$916,800
$916.8K
Cap Rate 9%
$713,067
$713.1K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$123.9K $30.36/SF
− Vacancy
−$7.2K −$1.76/SF
EGI
$116.7K $28.60/SF
− OpEx
−$52.5K −$12.87/SF
NOI
$64.2K $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%
$1,283,520
Cap Rate 7%
$916,800
Cap Rate 9%
$713,067
Alternative Uses
Best Use
Apartment 5plus
$916.8K
$802.2K – $1.07M
NOI $64,176 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$994.6K
$870.3K – $1.16M
NOI $69,625 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
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
Check the figures for this property
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 - A mix of furnished and unfurnished apartments offers flexibility as existing leases expire.
Where is this apartment building located?
The property is located at 1537 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 units with full occupancy; One- and two‑bedroom apartment mix; Updates to every unit within the past five years, including new air‑conditioning units
