1537 POPLAR ST, Philadelphia, PA 19130
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1537 POPLAR ST, Philadelphia, PA 19130
1537 POPLAR ST, Philadelphia, PA 19130
1537 POPLAR ST, Philadelphia, PA 19130
1537 POPLAR ST, Philadelphia, PA 19130
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Eric Melo

Eric Melo

+1(862) 242-9649
Listed by Lara Ertwine • SERHANT PENNSYLVANIA LLC
$ 975,000
Est. payment /mo
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1537 POPLAR ST Philadelphia, PA 19130

1,664 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2673694

Year Built 1915

Annual Tax Amount $9,448

Tax Year 2026

Lot Size 1,664 Sqft

Acres 0.04

Lot Dimensions 17.5x96

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Inclusions Seller owned furnishings, and all appliances in as-is condition

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881799700

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
NEARBY SCHOOL & BUSINESS
Eric Melo

Eric Melo

Broker Associate License ID: 1644807

+1(862) 242-9649

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1537 POPLAR ST