5134 SPRUCE ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,159 sqft
Price per Sqft $189
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