5134 SPRUCE St, Philadelphia, PA 19139

Sqft
3,159
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCompass RE
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Overview

Well-positioned just off the growing 52nd Street Corridor and minutes from University City, this 5-unit property offers strong in-place income and excellent long-term upside in a high-demand rental market. With close proximity to UPenn, Drexel, and major hospitals, the area consistently attracts a deep tenant pool of students, healthcare workers, and professionals.

The building features a versatile unit mix of one 3-bedroom and four 1-bedroom units, ideal for maximizing rental income and tenant flexibility. Rent projections (based on Philadelphia Housing Voucher Program rates) support a projected cap rate exceeding 14%!

One unit is currently leased for immediate cash flow, while the remaining units offer value-add potential. The first-floor unit has been renovated with a modern kitchen, updated bath, new flooring, and fresh paint. Additional units feature spacious layouts, large windows, and strong natural light.

Located just blocks from the Market-Frankford Line, with easy access to Center City, University City, and neighborhood amenities along Baltimore Avenue and Malcolm X Park, this location continues to benefit from ongoing development and steady rental demand. Situated within a Qualified Opportunity Zone, the potential future advantages are multifaceted.

Ideal for investors seeking yield or house hackers looking to live in one unit while stabilizing the rest. Schedule your tour today and capitalize on this high-demand West Philadelphia location.

Location

Full feature list

Basic info

Property type
Other residential
Square feet
3,159
Lot size (acres)
0.04
Year built
1925

Interior features

Basement
Yes, Finished

Exterior features

Pool
Yes

Utilities

Heating
Natural Gas
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2026)
$5,830

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PAPH2602952 Last checked:

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