$ 1,325,000
-
$1,325,000
Price -
3,616
SqFt -
0.08
Acre
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About the Listing COMPASS1 - 3365941
Rare opportunity to acquire a fully occupied six-unit multifamily property directly across from Penn Alexander School in one of University City's most desirable residential neighborhoods. 4236 Spruce is surrounded by the University of Pennsylvania, Drexel University, CHOP and HUP, while Baltimore Avenue and the surrounding Spruce Hill neighborhood offer an exceptional collection of restaurants, cafes, bars and neighborhood retail just outside the door. The property combines classic architectural character with a highly desirable location and an attractive six-unit configuration featuring two spacious bi-level three-bedroom apartments, three studios and one two-bedroom apartment. Two rear off-street parking spaces and shared on-site laundry provide additional income. The property's location supports strong and consistent rental demand, while its historic character, tree-lined setting and proximity to University City's major institutions make it particularly appealing to tenants seeking more than a typical apartment building. For investors, the opportunity extends beyond the existing income. The property is fully occupied today, while targeted cosmetic improvements and thoughtful rent optimization offer a straightforward path to increasing rents and overall value over time - without requiring a major repositioning. A rare combination of location, character, occupancy, parking, ancillary income and value-add potential in one of West Philadelphia's strongest rental submarkets.
Listing Highlights for 4236 Spruce St
Status
Active
Days on Site
25
Property Type
Commercial Sale
MLS ®
PAPH2679392
Year Built
1900
Total Square Footage
3,616
Lot/Acreage
0.08
County
Philadelphia
Neighborhood
University City
Area
19104 (19104)
School District
The School District Of Philadelphia
Elementary School
Penn Alexander School
Middle School
Penn Alexander School
Interior Details
- Appliances:
- Air Cond: Central A/C,Zoned,Window Unit(s)
- Heating: Forced Air,Radiator
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: RTA1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,292
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
4236 Spruce St Philadelphia, PA 19104
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