$ 638,000
-
$638,000
Price -
5
Bed -
0
Bath -
2,499
SqFt
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About the Listing MSCH05 - 3269967
Turnkey Corner Triplex in Powelton Village – 5%+ Cap Rate | Fully Leased Welcome to 3800 Spring Garden Street, a fully occupied corner triplex in the heart of Powelton Village / University City, one of Philadelphia’s most dependable and high-demand rental corridors. Surrounded by Drexel University, the University of Pennsylvania, CHOP, and Presbyterian Hospital, this location supports consistent tenant demand and long-term rental stability. The property is fully leased with reliable tenants in place and offers immediate income from day one. Based on current rents and expenses, the building operates at an approximate 5%+ cap rate, making it a stabilized, income-producing asset well suited for buy-and-hold investors. Each unit features efficient layouts and updated bathrooms. The building includes separate electric meters, shared basement laundry, and accessible basement mechanicals, allowing for straightforward management and controlled operating costs. Property Highlights: • Fully occupied with consistent rent collection • Approx. 5%+ cap rate based on current income • Updated bathrooms in all units • Unit 1: One bedroom, one bath with private side patio • Unit 2: Two bedroom, one bath • Unit 3: Two bedroom, one bath • Separate electric meters • Shared basement laundry • Accessible mechanicals for ease of service Powelton Village continues to show strong rental performance with upside potential through future rent growth. This property offers stable cash flow today with the opportunity to enhance returns over time. An excellent opportunity for investors seeking immediate income, minimal turnover, and long-term value in a proven Philadelphia rental market.
Listing Highlights
Status
Active
Days on Site
86
Property Type
Multi-Family
MLS ®
PAPH2540174
Year Built
1920
Total Square Footage
2,499
Lot/Acreage
0.02
County
Philadelphia
Neighborhood
Powelton Village
Area
19104 (19104)
School District
Philadelphia City
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2499
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RM1
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,298
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3800 Spring Garden St Philadelphia, PA 19104
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