MLS#PAPH2633172
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONSPRUCE HILL
SCHOOLPHILADELPHIA CITY
Property Description
Rare opportunity to acquire an established portfolio of 18 units across three buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7.3% cap rate. Portfolio price is $2,500,000 for all three buildings, or purchase separately. 4520 Spruce Street is a 6 unit building (6 x 1 bed units), offered at $900,000. In-place NOI $53k. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Hot Water, Radiator
Lot Size: 0.11 Acres
Taxes: $8,075
Year Built: 1925
Feature Descriptions
Days on Site: 2
Exterior: Masonry
Lot Dimensions: 0.11 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 6
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Mallin Panchelli Nadel Realty Inc
Agency Phone: 2154134900
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
4520 Spruce Street | MLS# PAPH2633172
This commercial property located at 4520 Spruce Street , Philadelphia, PA 19139 is currently listed for sale with an asking price of $900,000. Spruce Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.