1. Pennsylvania
2. Philadelphia
3. 5134 SPRUCE STREET

5134 SPRUCE STREET, Philadelphia, PA 19139

• 3,159 sqft

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!

Listing Status:

Active

Date Added:

May 22, 2025 at 05:00AM

Listing Office:

Compass Pennsylvania, LLC : 2674358015

Listing Agent:

Michael D Phillips : 2677139616

MLS ID:

PAPH2470122

Interior

• A/C: Central A/C
• Heating: YForced AirNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Michael D Phillips, Compass Pennsylvania, LLC