Philadelphia, PA 19139 5134 Spruce Street

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2470122
  • 05/16/2025
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  • Beds • 7

Home Details

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 sellers 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. Dont miss your chance to invest in this income-producing propertyschedule a tour today!
Presented By: Compass Pennsylvania, LLC

Interior Features for 5134 Spruce Street

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 5134 Spruce Street

AccessibilityNone
Architectural StyleTraditional
Cap Rate10.80
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGPS
Garage Y/NNo
HeatingForced Air
Lot Size Square Feet1775.00
Lot Size UnitsSquare Feet
MLS Area19139 (19139)
ModificationTimestamp2025-05-22T00:06:58
MunicipalityPHILADELPHIA
Net Operating Income64951.00
New ConstructionNo
Number Of Units Total1
One Bedroom Units Count4
Operating Expense15929.00
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG189.62
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount5830.0
Tax Assessed Value416500.0
Tax Lot149
Tax Year2025
Total Actual Rent80880.00
Total SQFT3159
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningRSA5

Exterior for 5134 Spruce Street

Foundation DetailsConcrete Perimeter
Land Use CodeN50
Lot Dimensions21.00 x 85.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $599,000
MLS#PAPH2470122
List Date 05/16/2025
Property Type Multi-Family
Phone 703.929.4729
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