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Asking Price - $515,000
Days on Market - 153
5134 Spruce Street
Philadelphia, PA 19139
Featured Agent
EveryHome Realtor
Asking Price
$515,000
Days on Market
153
# of Units
1
1 Bdrm Units
4
3 Bdrm Units
1
Acres
0.04
Interior SqFt
3,159
Age
100
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
5,830
Additional Details Below
EveryHome Realtor
Views: 94
Featured Agent
EveryHome Realtor
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
Listing Details
Summary
Architectural Type
•Traditional
Interior Features
Basement
•Concrete Perimeter
Exterior Features
Exterior Features
•Masonry
Utilities
Cooling
•Central A/C, Natural Gas
Heating
•Forced Air, Natural Gas
Property History
Oct 16, 2025
Price Decrease
$569,000 to $515,000 (-9.49%)
Jul 28, 2025
Price Decrease
$599,000 to $569,000 (-5.01%)
Miscellaneous
Lattitude : 39.954285
Longitude : -75.225403
MLS# : PAPH2470122
Views : 94
Listing Courtesy: Michael Phillips of Compass Pennsylvania, LLC
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Notes
Page: © 2025 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc.
Presentation: © 2025 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
