$ 468,000
-
$468,000
Price -
7
Bed -
4
Bath -
3,159
SqFt
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About the Listing COMPASS1 - 3365941
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.
Listing Highlights
Status
Active
Days on Site
34
Property Type
Multi-Family
MLS ®
PAPH2602952
Year Built
1925
Total Square Footage
3,159
Lot/Acreage
0.04
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1984
- Below Ground Sq Ft: 1175
- Basement: Space For Rooms,Heated,Fully Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- 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: 2026
Payment Calculator
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Questions About..
5134 Spruce St Philadelphia, PA 19139
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