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Riju Kaistha

[email protected] +1(609) 240-5479

Listed by Samantha Miller • Mallin Panchelli Nadel Realty Inc

$ 900,000

Est. payment -/mo

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Price Dropped by $65K

4520 SPRUCE ST Philadelphia, PA 19139

4,720 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Spruce Hill

MLS Listing ID PAPH2519796

Year Built 1925

Annual Tax Amount $8,075

Tax Year 2024

Lot Size 4,720 Sqft

Acres 0.11

Lot Dimensions 30.00 x 160.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare opportunity to acquire an established portfolio of 28 units (52 Beds) across four 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 7.8% cap rate. Portfolio price is $4,750,000 for all four buildings, or purchase separately. 4520 Spruce Street is a 6 unit building (6 x 1 bed units), offered at $900,000. 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.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RTA1

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881700780

Ownership Fee Simple

Special Listing Condition Standard

SCHOOLSPROPERTIES

Elementary Schools 20

10

Penn Alexander School

Public | KG - 8
9

Gamp

Public | 5 - 12
6

Albert M. Greenfield School

Public | KG - 8
6

Independence Charter School

Public | KG - 8
5

Colwyn Elementary School

Public | KG - 6
5

W B Evans Magnet School

Public | KG - 6
5

Russell Byers Charter School

Public | PK - 6
5

Philadelphia Performing Arts Charter School

Public | KG - 8
5

Abram Stockton Jenks School

Public | KG - 4
4

Overbrook Educational Center

Public | KG - 8
4

West Philadelphia Achievement Ces

Public | KG - 5
4

Overbrook Elementary School

Public | KG - 6
4

Philadelphia Montessori Charter School

Public | PK - 6
4

Andrew Hamilton School

Public | KG - 8
4

Mastery Charter School Mann Elementary

Public | KG - 6
4

Discovery Charter School

Public | KG - 8
4

Martha Washington Elementary Academics

Public | KG - 8
4

Robert Morris School

Public | KG - 8
4

Chester A. Arthur School

Public | KG - 8
4

Bache-Martin Elementary School

Public | PK - 8

Middle Schools 4

4

Boys Latin of Philadelphia Charter School

Public | 6 - 12
4

Mastery Charter School -Shoemaker Campus

Public | 7 - 12
1

Penn Wood Middle School

Public | 7 - 8
1

Dimner Beeber Middle School

Public | 6 - 8

High Schools 20

8

Science Leadership Academy

Public | 9 - 12
5

Preparatory Charter School of Mathematics Science

Public | 9 - 12
4

Motivation High School

Public | 9 - 12
4

Parkway West

Public | 9 - 12
4

Paul Robeson High School for Human Services

Public | 9 - 12
1

William L. Sayre High School

Public | 9 - 12
1

Overbrook High School

Public | 9 - 12
1

John Bartram High School

Public | 9 - 12
1

West Philadelphia High School

Public | 9 - 12
1

The Workshop School

Public | 9 - 12
1

School of the Future

Public | 9 - 12
1

Universal Audenried Charter High School

Public | 9 - 12
1

Strawberry Mansion High School

Public | 9 - 12
1

South Philadelphia High School

Public | 9 - 12
0

Talmudical Yeshiva of Philadelphia

Private | 9 - 12
0

The Mill Creek School

Private | 9 - 12
0

West Philadelphia Catholic High School

Private | 9 - 12
0

Philadelphia Mennonite High School

Private | 9 - 12
0

Jw Hallahan Catholic Girls' High School

Private | 9 - 12
0

The City School-Rittenhouse

Private | 9 - 12

School and business data provided by Attom Data.

Riju Kaistha

REALTOR® Sales Associate, ABR®

+1(609) 240-5479

Riju Kaistha

4520 SPRUCE ST Philadelphia, PA 19139

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4520 SPRUCE ST