1531 Green Street · Fairmount, Philadelphia
THE PROPERTY
A historic 1920 multifamily building on one of Philadelphia's finest residential streets, awaiting a comprehensive luxury renovation.
Property Overview
A PREMIER FAIRMOUNT ADDRESS
1531 Green Street sits in the heart of Fairmount — one of Philadelphia's most sought-after and consistently appreciating neighborhoods. The property is a historic 1920 multifamily building with exceptional bones and significant value-add potential.
The building features 8 residential units ranging from 1BR/1BA to 3BR/2BA configurations, a commercial storage unit, 14 additional storage units, a courtyard, and a roof deck. Post-renovation, all units will benefit from these premium amenities.
The property qualifies for a 10-Year Tax Abatement, significantly reducing operating expenses during the initial stabilization period and enhancing cash-on-cash returns for investors.
PROPERTY FACTS
Current Condition
AS-IS PROPERTY PHOTOS
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Renovation Plans
CONCEPT PLANS & CONSTRUCTION SCOPE
The renovation scope includes a comprehensive gut renovation of all 8 residential units, courtyard improvements, and roof deck construction.
The construction is managed by Fortis Development Group, Black Wolf Capital's in-house development arm, ensuring quality control and cost efficiency throughout the project. The full AIA Schedule of Values and construction draw schedule are available upon request.
Download Concept PlansRENOVATION SCOPE
Full Gut Renovation
All 8 residential units receive complete gut renovation including new kitchens, bathrooms, flooring, and finishes.
Luxury Finishes Throughout
High-end fixtures, custom cabinetry, stone countertops, and designer tile work consistent with Black Wolf Capital's portfolio standards.
Courtyard & Roof Deck
Landscaped courtyard and private roof deck amenities included with all units — a significant differentiator in the Fairmount rental market.
Systems Upgrade
Full mechanical, electrical, and plumbing (MEP) upgrade including new HVAC, electrical panels, and plumbing throughout.
Storage Buildout
14 individual storage units constructed to generate additional revenue stream at $265/unit/month.
Location
FAIRMOUNT — PHILADELPHIA'S PREMIER NEIGHBORHOOD
Strong Rental Demand
Fairmount consistently ranks among Philadelphia's top neighborhoods for rental demand, with low vacancy rates and strong rent growth year-over-year.
Walkable & Transit-Rich
Steps from the Philadelphia Museum of Art, Kelly Drive, and Fairmount Park. Excellent access to Center City via multiple transit options.
Appreciating Market
Property values in Fairmount have appreciated consistently, supported by strong demographics, limited new supply, and continued neighborhood investment.