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About This Home
This 0-bedroom, 0-bathroom residential multi family at 5134 SPRUCE Street in PHILADELPHIA, PA is listed for $489,000 ($155 per sqft). Built in 1925, the home offers 3,159 sqft of living space on a 0.04 acres lot.
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.
Key Features
- Built in 1925
- 0.04 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5134 SPRUCE Street
PHILADELPHIA, PA 19139
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 5134 SPRUCE Street is listed at $489,000 ($155/sqft). The estimated monthly payment is $2,119 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.04 acre lot.
This property is listed by Peter van der Vlugt and can be reached at 4844318821 or peter.v@compass.com.
