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5134 Spruce St
For Sale $468,000 ($148.15 per Sq Ft)
$468,000 ($148.15 per Sq Ft)
- 4 Units
- 3,159 Sq Ft
- 1,775 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $468,000 |
| Property Type | Other |
| Usable Sqft | 3,159 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 602110900 |
| MLS # | PAPH2602952 |
| Property ID | 318708521 |
| Lot Sqft | 1,775 |
| Zoning | RSA5 |
| Total Units | 4 |
| Days on Market | 57 |
| Original List Price | Unknown |
| Date Updated | May 06, 2026 |
| Date Created | April 06, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Peter van der Vlugt an agent of . Lic #RS374437
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Data last updated: June 02, 2026.
Robert Crawford
REAL ESTATE AGENT