5125 SPRUCE ST Philadelphia, PA 19139
2,540 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,540 sqft
Price per Sqft $167
Subdivision University City
MLS Listing ID PAPH2659694
Style Other
Abv Grd Liv Area 1,740
Year Built 1925
Available Date 2026-08-27
Annual Tax Amount $6,891
Tax Year 2026
Lot Dimensions 21.00 x 100.00
Property Sub-Type Detached
Source BRIGHT
Property Description
The property is fully occupied, with current monthly rents of $1,500, $1,400 and $1,100, generating $4,000 per month and $48,000 annually. It is registered for three dwelling units under Use Permit No. 485482.
The owner has made substantial investments in the property, including a new sewer lateral from the city main in 2025; updated HVAC systems and water heaters; renovated kitchens and bathrooms in Units B and C; and a new 200-amp electrical service line. Additional 2026 work includes roof coating and edge cement, along with repairs to the rear siding and capping. The washer and dryer in the common laundry area were replaced in 2024.
This is a strong opportunity for an investor looking for established rental income or an owner-occupant who wants to offset housing expenses with rent from the other two units. The property is being sold subject to the existing leases.
Located just off the 52nd Street commercial corridor and steps from Malcolm X Park, the property offers convenient access to neighborhood shops, restaurants and services. SEPTA Routes 21, 42 and 52, along with the Market-Frankford Line at 52nd Street, provide connections through University City and Center City. The University of Pennsylvania, Drexel University, Penn Medicine and Children's Hospital of Philadelphia are readily accessible, while nearby Spruce and Pine Street bike lanes offer an additional east-west route. The restaurants and businesses along Baltimore Avenue are also nearby.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RSA5
Rooms
Basement Fully Finished
Interior
Interior Features Kitchen - Eat-In
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Wood, Tile/Brick
Inclusions All fixtures and appliances
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Cable TV
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 1740
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 602104200
Ownership Other
SqFt Source 2540
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
Special Listing Condition Standard
Steve Vargas
Team Leader/ Associate Broker/ Owner of A Refined Mindset Coaching | License ID: 0225224352-Virginia 678920-Mar