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1531 Green St, Philadelphia, PA 19130 | Multifamily Income Property

1531 Green St, Philadelphia, PA 19130
Featured Multifamily
REI Capital advisor
Market Insight

Opportunity

Value-Add Potential through Strategic Upgrades: As a Class C building constructed in 1920 with no recorded renovations, this asset presents significant value-add opportunities. Investors can implement targeted upgrades—such as modernizing units, enhancing common areas, or adding energy-efficient features—to increase rental income and property value. The existing amenities (courtyard and laundry facilities) provide a foundation for improvement. With a price per square foot of $207.58 and a price per unit of $229,167, the property is priced below premium market rates, allowing room for capital appreciation post-renovation.

Market Insight

Opportunity

Market Resilience with Long-Term Appreciation: Philadelphia’s urban core has demonstrated resilience during economic cycles, with sustained demand for affordable housing. The property’s historic charm (built in 1920) adds character, appealing to tenants seeking unique living spaces. Strategic factors include the potential for rent growth as neighborhood redevelopment continues, and the option to hold the asset for long-term capital appreciation. Investors should monitor local tax rates and regulatory changes, but the current market context supports steady appreciation over a 5–10 year horizon.

Market Insight

Risk

Risk Mitigation through Due Diligence: Key risks include the building’s age (104 years), which may require higher maintenance costs or capital expenditures for systems updates (e.g., plumbing, electrical). The lack of parking could limit tenant demand in car-dependent segments, though urban renters often prioritize walkability. Investors should conduct thorough inspections, review zoning compliance, and analyze comparable sales to validate pricing. Additionally, securing financing for Class C properties may require higher equity contributions, but the strong location and value-add potential can mitigate lender concerns.

Market Insight

Strength

Strong Location with Urban Demand Drivers: The property is situated in Philadelphia’s 19130 ZIP code, a vibrant urban area experiencing steady demand for rental housing due to ongoing redevelopment and proximity to amenities. Philadelphia’s multifamily market remains resilient, supported by population growth and economic activity. The R10 zoning ensures multifamily use compliance, adding stability. Location strengths include access to transportation, cultural attractions, and employment centers, which enhance tenant appeal and reduce vacancy risk.

Market Insight

Strength

Financial Accessibility with Scalable Cash Flow: The sale price of $1,375,000 and six-unit configuration offer an accessible entry point for investors targeting scalable portfolios. While NOI and cap rate data are unavailable, the pricing structure aligns with Philadelphia’s multifamily trends, suggesting potential for strong cash flow. Investors should conduct a pro forma analysis to project rental income based on local market rates (estimated $1,500–$2,000 per unit monthly), which could yield an annual gross income of $108,000–$144,000. Operating expenses (e.g., maintenance, taxes, utilities) must be assessed to determine net returns, but the property’s efficient size (6,624 sq ft) may help control costs.

$1,375,000
Investment Value
0.00%
CAP Rate
📈 Strong 0.00% cap rate vs market average.
$0
Annual NOI
💰 High NOI demonstrates strong operational efficiency.
6,624 SF
Rentable Area
🏢 Optimal size for institutional investors.
$207.58
Price per SF
🎯 Attractive price per SF vs comparable properties.

Philadelphia, PA Multifamily Property Overview

  • Multifamily Building located in Philadelphia, PA
  • Built in 1920
  • 6,624 SF of rentable area

Property Details

Year Built 1920 Building Type Multifamily
Total Size 6,624 SF Zoning R10
Parking Spaces N/A Property Tax Rate 1.40%
Cap Rate 0.00% Annual NOI $0
Price $1,375,000 Price/SF $207.58
Location Philadelphia, PA County Philadelphia
REI Capital advisor
Align Your Capital Strategy

Compare direct ownership against passive CRE platform exposure.

The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.

REI Capital advisor
Direct Ownership Underwriting

Build Your Investment Scenario

Start with property economics, adjust financing, then test the exit. Every graph below updates with your assumptions.

1
Property EconomicsDefine the acquisition basis and income.
1.40%
2
Financing StructureTest leverage, borrowing cost, and amortization.
25%
5.0%
30 years
3
Hold & ExitSee how time and appreciation change the outcome.
5 years
4.0%
Down Payment Amount: $2,125,000
Loan Amount: $6,375,000
Monthly Mortgage: $34,234
Monthly Tax: $8,365
Total Monthly Payment: $42,599
Monthly Cash Flow: $1,234
Cash on Cash Return: 8.7%
Cap Rate: 6.2%
Debt Coverage Ratio: 1.54x
IRR (5 years): 12.3%
Projected Property Value: $9,854,932
Net Equity at Sale: $4,567,890
📊 Monthly Payment Analysis

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💵 Cash on Cash Return

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🚀 Internal Rate of Return

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🏛️ Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting, defensive retail, and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating…
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating…
Projected difference

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, durable income streams, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Passive CRE Investors

Review essential-service retail opportunities focused on cash-flow stability, tenant quality, and inflation resistance.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct property ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies focused on downside protection, tenant quality, and capital preservation.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital preservation
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, tenant-quality focus, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors · Private overview · PDF access

Investment Due Diligence For 1531 Green St, Philadelphia, PA Income Property

Key questions for informed investment decisions

What is the investment thesis for this property? +
The investment thesis centers on acquiring a value-add multifamily asset in a prime Philadelphia location with strong upside potential. This 6-unit Class C building, built in 1920, is priced below market at $1,375,000 ($229,167 per unit, $207.58 per square foot), offering an accessible entry point. The 19130 ZIP code is experiencing steady demand due to urban redevelopment and amenities, supporting rental growth. With no recorded renovations, strategic upgrades (e.g., unit modernizations, common area enhancements) can increase rents and property value, targeting cash flow improvement and long-term appreciation in Philadelphia's resilient multifamily market.
What are the key financial metrics and projections? +
The sale price is $1,375,000 with a price per unit of $229,167 and a price per square foot of $207.58. While NOI and cap rate are not provided, pro forma analysis suggests potential gross annual income of $108,000–$144,000 based on local market rents of $1,500–$2,000 per unit monthly. Investors should budget for operating expenses (maintenance, taxes, utilities) and capital expenditures due to the building's age. The financial structure allows for scalability, with value-add initiatives aimed at boosting NOI and achieving a competitive cap rate upon stabilization.
How does the location impact investment potential? +
Located in Philadelphia's vibrant 19130 ZIP code, the property benefits from urban demand drivers, including proximity to transportation, cultural attractions, and employment centers. The R10 zoning ensures multifamily use compliance, adding stability. The area's ongoing redevelopment and population growth reduce vacancy risk and support rent appreciation. The courtyard and laundry facilities enhance tenant appeal, while walkability offsets the lack of parking, making it attractive to renters seeking convenience in a dynamic neighborhood.
What are the primary risks, and how can they be mitigated? +
Key risks include the building's age (104 years), which may lead to higher maintenance costs and capital needs for systems updates (e.g., plumbing, electrical). The Class C classification and lack of parking could limit tenant demand in certain segments. Mitigation strategies include conducting thorough inspections during due diligence, budgeting for renovations to elevate to Class B standards, and targeting renters who prioritize location over parking. Additionally, securing financing with higher equity contributions and monitoring local tax/regulatory changes can help manage financial exposure.
What value-add opportunities exist to enhance returns? +
Significant value-add opportunities include renovating units with modern finishes, upgrading common areas (e.g., courtyard improvements), adding energy-efficient features, and potentially increasing unit counts if zoning allows. These upgrades can justify higher rental rates, reduce turnover, and boost property value. The current price point allows room for capital investment while maintaining below-market acquisition costs. Implementing a phased renovation plan can optimize cash flow, with the goal of increasing NOI and achieving a premium sale price upon exit.

Things Near 1531 Green St, Philadelphia, PA

Public Transportation

0.3 miles

Restaurants & Dining

0.2 miles

Shopping Center

0.5 miles

Parks & Recreation

0.8 miles

About Philadelphia

Philadelphia, PA is a city that tends to have a mix of opportunities and challenges for investors. With a population of 1,536,704 and a median age of 33.6, the city has a diverse demographic profile, including a foreign-born rate of 12.1% and top ethnicities of Black (28.2%), White (26.4%), and White Non-Hispanic (23.0%). The median household income is $37,192, which is relatively low compared to other cities, and the poverty rate is 24.4%, which suggests some risk for investors. However, the city's top industries, including Finance & Insurance, Real Estate & Rental & Leasing, Public Administration, and Information, provide a stable economic foundation. The average commute time of 31.8 minutes is relatively high, but the city's health insurance coverage rate of 90.2% is a positive indicator of the quality of life. The homeownership rate of 52.6% and median property value of $142,500 also provide opportunities for real estate investment. Overall, investors should carefully consider the pros and cons of investing in Philadelphia, including the potential for growth in certain industries and the challenges posed by the poverty rate and commute times. With a GINI coefficient of 0.507, income inequality is a concern, but the city's high school graduation rate of 83.4% and bachelor's degree or higher rate of 23.4% suggest a relatively educated population. The violent crime rate of 556.6 per 100,000 and property crime rate of 3,514.1 per 100,000 are also important factors to consider. Despite these challenges, Philadelphia's unique blend of history, culture, and economic activity makes it an attractive destination for investors and residents alike.

Population 1,536,704
Median Age 33.6
Avg. Household Income $37,192

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