$489,000

5134 SPRUCE ST, Philadelphia, PA 19139

3,159 sqft

other
Built in 1925
1,742sqft lot
—— car garage
$155/sqft
Listed 10 days ago

Property Description

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 to Center City, University City, and neighborhood amenities along Baltimore Avenue and Malcolm X Park, this location continues to benefit from ongoing development and steady rental demand. Situated within a Qualified Opportunity Zone, the potential future advantages are multifaceted. Ideal for investors seeking yield or house hackers looking to live in one unit while stabilizing the rest. Schedule your tour today and capitalize on this high-demand West Philadelphia location.

Listing Status:: Active
Date Added:: April 8, 2026
Data Last Updated:: April 17, 2026 at 5:19PM
Listing Office:: Compass Pennsylvania, LLC : 2674358015
Listing Agent:: Peter van der Vlugt : 4844318821
MLS ID:: PAPH2602952

Basement: Space for roomsHeatedFully finished
A/C: Central A/C
Heating: Forced AirNatural Gas
Disability Feature: None

General: Above GradeBelow Grade
Style: Traditional

General: BrickStoneStone

Originating MLS: BRIGHT_MAIN
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
County: PHILADELPHIA-PA

Zoning: RSA5602110900

Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Peter van der Vlugt , Compass Pennsylvania, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Global Leadership Academy Southwest at Huey

, Philadelphia, PA, 19139

Grades KG-8

0.10 miles away

Global Leadership Academy Southwest at Huey

, Philadelphia, PA, 19139

Grades KG-8

0.10 miles away

The Workshop School

221 S Hanson St, Philadelphia, PA, 19139

Grades 9-12

0.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.