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View Virtual Tour PRICE $1,400,000 SIZE 4,356 sqft LOT SIZE 3,485 sqft Request More Info Schedule a Showing

Located in the heart of Fairmount"”one of Philadelphia's most sought-after neighborhoods"”1531 Green Street is a fully occupied six-unit multifamily building offering both immediate income and long-term value-add potential. This stabilized asset presents an exceptional opportunity for investors seeking dependable cash flow today with upside through future improvements. 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.