$ 569,000
-
$569,000
Price -
7
Bed - Bath
-
3,159
SqFt
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About the Listing COMPASS1 - 3185570,3192583
This 5-unit building offers a rare investment opportunity just steps from the rapidly developing 52nd Street Corridor. With a mix of one 3-bedroom unit and four 1-bedroom units, this property boasts significant rental income potential with an expected cap rate of over 10%. Rent projections are based on actual Philadelphia Housing Voucher Program rents. The first-floor unit has been renovated with a modern kitchen, updated bathroom, new flooring, and fresh paint throughout, making it a standout feature. The lower-level one-bedroom unit is currently leased, offering immediate cash flow, while the upper units have also been updated to include spacious layouts, large windows, and plenty of natural light. Located within the Philadelphia School District, this property is just a few blocks from the Market-Frankford Subway line, providing easy access to Center City, local shopping, and dining along Baltimore Avenue, and the vibrant community around Malcolm X Park. The seller’s favorite aspect of the location is its proximity to everything while being situated in a Qualified Opportunity Zone, presenting a unique investment advantage for buyers. This building is perfect for investors looking for a high-yield property in a growing area. Don’t miss your chance to invest in this income-producing property—schedule a tour today!
Listing Highlights for 5134 Spruce St
Status
Active
Days on Site
117
Property Type
Multi-Family
MLS ®
PAPH2470122
Year Built
1925
Total Square Footage
3,159
Lot/Acreage
0.04
Interior Details
- Bedrooms: 7
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3159
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 21.00 x 85.00
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,830
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5134 Spruce St Philadelphia, PA 19139
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