6-Unit Apartment
For Sale
$1,100,000
2800 POPLAR STREET, Philadelphia, PA 19130
All residences are occupied, with each offering a one-bedroom, one-bathroom layout.
Property Size3,600 SF
Price / SF$305.56
Days on Market8
Property Features for 2800 POPLAR STREET
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Tenant in Place
Yes
Amenities
Lutron lighting
basement laundry facilities
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
Listed By:
Rachel B Rothbard · License #RS285103
(215) 923-7600
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 28 at 7:30AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
At 2800 Poplar Street in Philadelphia, this 3,600-square-foot apartment building contains six residential units, each with one bedroom and one bathroom. All six units are occupied. The building was constructed in 1900 and has Lutron lighting, plus basement laundry reached through Bilco doors. Additional rear space is also noted.
The property occupies a corner site between Fairmount and Brewerytown. Its six-unit configuration and existing occupancy are central features of the building.
The property occupies a corner site between Fairmount and Brewerytown. Its six-unit configuration and existing occupancy are central features of the building.
Key Highlights
- Six residential units, all currently occupied
- Approximately 3,600 square feet in total
- Each unit has one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,626
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,520
$1.1M
Cap Rate 7%
$808,943
$808.9K
Cap Rate 9%
$629,178
$629.2K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$109.3K $30.36/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$103.0K $28.60/SF
− OpEx
−$46.3K −$12.87/SF
NOI
$56.6K $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%
$1,132,520
Cap Rate 7%
$808,943
Cap Rate 9%
$629,178
Alternative Uses
Best Use
Apartment 5plus
$808.9K
$707.8K – $943.8K
NOI $56,626 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,660
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences are occupied, with each offering a one-bedroom, one-bathroom layout.
Where is this apartment building located?
The property is located at 2800 POPLAR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six residential units, all currently occupied; Approximately 3,600 square feet in total; Each unit has one bedroom and one bathroom
