Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
4,080
1537 Poplar St. offers six units, full occupancy, and strong income in a convenient location making it a compelling opportunity to grow your investment portfolio. Combine this property with the fully occupied six-unit building next door at 1535 Poplar St. separately offered at 975k The seller prefers to sell both properties together, creating an opportunity to acquire 12 units across two neighboring buildings for a combined asking price of $1,950,000. Together, the package produces $192,276 annually, approximately $16,000 per month in gross rental income. 1537 Poplar generates $96,336 in annual gross rental income and features a mix of 1 & 2 bed units. Each unit has been updated within the last five years, including new air conditioning units, and a 5 year old roof. Most units are leased on 12-month terms, with select apartments on shorter 3-6 month leases. 3 units are furnished, with furniture included in the sale, providing flexibility for a new owner to pursue either leasing approach as existing leases expire. Located in Francisville, close to Fairmount and the Philadelphia Museum of Art, the property combines neighborhood appeal with easy access to the city. Nearby Broad Street Line subway service provides a convenient commute into Center City, while proximity to Temple University, dining, and neighborhood amenities enhances its appeal to renters. These conveniences support leasing appeal and the potential for long-term tenant retention. Updated apartments, established occupancy, and flexible lease durations make this a standout portfolio opportunity or potential replacement property for an investor pursuing a 1031 exchange.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.04
-
Lot Size(square feet)
1,664
-
Property Type
Commercial Sale
Price
-
Sales Price
$975,000
-
Tax Amount
$9,448
-
Financing Options
Cash, Conventional
-
Sq. Footage
4,080
-
Price/SqFt
$238
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
65
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Lara Ertwine, SERHANT PENNSYLVANIA LLC
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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