5134 SPRUCE ST Philadelphia, PA 19139
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,159 sqft
Price per Sqft $135
MLS Listing ID PAPH2602952
Style Traditional
Abv Grd Liv Area 1,984
Year Built 1925
Available Date 2026-04-08
Annual Tax Amount $5,830
Tax Year 2026
Lot Size 1,775 Sqft
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RSA5
Rooms
Basement Space For Rooms, Heated, Fully Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 1984
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 602110900
Ownership Fee Simple
SqFt Source 3159
Special Listing Condition Standard
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