5134 SPRUCE ST, Philadelphia, PA 19139

• 3,159 sqft

Property Description

Well-positioned just off the growing 52nd Street Corridor and minutes from University City, this 5-unit property offers 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 16%! Units feature spacious layouts, large windows, and strong natural light. One unit is currently leased for immediate cash flow, while the remaining units will be delivered vacant, offering value-add potential. With all utilities already properly separated, and rental licenses approved and active, 5134 Spruce offers a rare opportunity for a new owner to accomplish easy cosmetic upgrades and capture maximum value through lease up. 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. Come take a look at this opportunity while it lasts.

Listing Status:

Active

Date Added:

April 8, 2026

Data Last Updated:

September 24, 2026 at 6:16AM

Listing Office:

Compass Pennsylvania, LLC : 2674358015

Listing Agent:

Peter van der Vlugt : 4844318821

MLS ID:

PAPH2602952

Interior

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

Exterior

• General: Above GradeBelow Grade
• Style: Traditional

Construction

• General: BrickStoneStone

Location

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

Lot

• Zoning: RSA5602110900

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN