5134 Spruce St, Philadelphia, PA 19139

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
5134 Spruce St,Philadelphia, PA 19139
$489,000
  • 7 Beds
  • - Baths
  • 3,159 sq. ft.
  • Multi-family
  • Active
Listed by: peter van der vlugt
Office: compass pennsylvania, llc.
MLS#:PAPH2602952
Source:BRIGHTMLS

Price summary

  • Price:$489,000
  • Price per sq. ft.:$154.8

About this home

Well-positioned just off the growing 52nd Street Corridor and minutes from University City, this 5-unit property offers strong in-place income and excellent long-term upside in a high-demand rental market. With close proximity to UPenn, Drexel, and major hospitals, the area consistently attracts a deep tenant pool of students, healthcare workers, and professionals. The building features a versatile unit mix of one 3-bedroom and four 1-bedroom units, ideal for maximizing rental income and tenant flexibility. Rent projections (based on Philadelphia Housing Voucher Program rates) support a projected cap rate exceeding 14%! One unit is currently leased for immediate cash flow, while the remaining units offer value-add potential. The first-floor unit has been renovated with a modern kitchen, updated bath, new flooring, and fresh paint. Additional units feature spacious layouts, large windows, and strong natural light. Located just blocks from the Market-Frankford Line, with easy access...

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2602952
  • Added:7 day(s) ago
  • Updated:April 10, 2026 at 01:30 PM

Rooms and interior

  • Bedrooms:7
  • Rooms Total:17
  • Basement:Yes
  • Basement Description:Fully Finished, Heated, Space For Rooms
  • Living area:3,159 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1925
  • Building area:3,159 sq. ft.
  • Architectural Style:Traditional
  • Construction Materials:Brick, Stone
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$489,000
  • Price per sq. ft.:$154.8
  • Tax amount:$5,830 (2026)

Parking

  • Parking description:On Street

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