PA > Philadelphia
Philadelphia, PA 19139,5134 SPRUCE ST
Philadelphia, PA 19139,5134 SPRUCE ST
Philadelphia, PA 19139,5134 SPRUCE ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Michael D Phillips • Compass Pennsylvania, LLC
$569,000
Est. payment /mo
3,159 SqFt
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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,159 sqft

Price per Sqft $180

MLS Listing ID PAPH2470122

Style Traditional

Abv Grd Liv Area 3,159

Year Built 1925

Available Date 2025-05-22

Annual Tax Amount $5,830

Tax Year 2025

Lot Size 1,775 Sqft

Acres 0.04

Lot Dimensions 21.00 x 85.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

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 seller's 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. Don't miss your chance to invest in this income-producing property—schedule a tour today!

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 602110900

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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5134 SPRUCE ST

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