$ 428,000
-
$428,000
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 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 16%! Units feature spacious layouts, large windows, and strong natural light. One unit is currently leased for immediate cash flow, while the remaining units will be delivered vacant, offering value-add potential. With all utilities already properly separated, and rental licenses approved and active, 5134 Spruce offers a rare opportunity for a new owner to accomplish easy cosmetic upgrades and capture maximum value through lease up. 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. Come take a look at this opportunity while it lasts.
Listing Highlights
Status
Active
Days on Site
170
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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