USAPAPhiladelphiaSpruce Hill4520 Spruce St
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4520 Spruce St, Philadelphia, PA

House

For Sale

Listed price in listed location currency (USD).
$900,000

060

MLS® PAPH2633172

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $8,075
Days Active 3
Lot Size 0.11 Acres
Approx. Age 1925
MLS® Number PAPH2633172

Property Address: 4520 Spruce St, PHILADELPHIA, PA, 19139-4575

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPAPH2633172
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
Basement
DrivewayOn Street
Garage Spaces
HeatHot Water, Radiator, Natural Gas
A/CWindow Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 11, 2026List Date
$900,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jul 23, 2025List Date
$900,000List Price
  • Commute

Commute

Starting Address
Destination Address
4520 Spruce St, Philadelphia, PA

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