5134 Spruce Street
Philadelphia, PA 19139
Map
- – beds
- – baths
- 3,159 sqft
- 1,775 sqft lot
- $189 per sqft
- 1925 build
This 5-unit building offers a rare investment opportunity just steps from the rapidly developing 52nd Street Corridor. With a mix of one 3-bedroom unit and four 1-bedroom units, this property boasts significant rental income potential with an expected cap rate of over 10%. Rent projections are based on actual Philadelphia Housing Voucher Program rents. The first-floor unit has been renovated with a modern kitchen, updated bathroom, new flooring, and fresh paint throughout, making it a standout feature. The lower-level one-bedroom unit is currently leased, offering immediate cash flow, while the upper units have also been updated to include spacious layouts, large windows, and plenty of natural light. Located within the Philadelphia School District, this property is just a few blocks from the Market-Frankford Subway line, providing easy access to Center City, local shopping, and dining along Baltimore Avenue, and the vibrant community around Malcolm X Park. The seller’s favorite aspect of the location is its proximity to everything while being situated in a Qualified Opportunity Zone, presenting a unique investment advantage for buyers. This building is perfect for investors looking for a high-yield property in a growing area. Don’t miss your chance to invest in this income-producing property—schedule a tour today!
Last checked:
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Last updated May 22, 2025
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MLS# PAPH2470122 —
The Building
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Year Built:1925
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:1
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1984
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3159
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Living Area SqFt:3,159 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
Location
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Directions:GPS
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Latitude:39.95428467
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Longitude:-75.22540283
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Assessor
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Lot Size Dimensions:21.00 x 85.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,775 Sqft
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Zoning:RSA5
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:N50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (267) 713-9616
- Office phone:
- (267) 435-8015
Taxes
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Tax ID Number:602110900
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Tax Year:2025
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Tax Lot:149
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Tax Annual Amount:$5,830
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Tax Assessed Value:$416,500
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:3rd Party
The Community
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Pool:No Pool
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Cap Rate:10.80
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
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Vacation Rental:No
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One Bedroom Units:4
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/21/25
May 21, 2025
|
Listed / Active | BRIGHT | $599,000 |
