4236 SPRUCE ST Philadelphia, PA 19104
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH2679392
Year Built 1900
Annual Tax Amount $11,292
Tax Year 2026
Lot Size 3,293 Sqft
Acres 0.08
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property combines classic architectural character with a highly desirable location and an attractive six-unit configuration featuring two spacious bi-level three-bedroom apartments, three studios and one two-bedroom apartment. Two rear off-street parking spaces and shared on-site laundry provide additional income.
The property's location supports strong and consistent rental demand, while its historic character, tree-lined setting and proximity to University City's major institutions make it particularly appealing to tenants seeking more than a typical apartment building.
For investors, the opportunity extends beyond the existing income. The property is fully occupied today, while targeted cosmetic improvements and thoughtful rent optimization offer a straightforward path to increasing rents and overall value over time - without requiring a major repositioning.
A rare combination of location, character, occupancy, parking, ancillary income and value-add potential in one of West Philadelphia's strongest rental submarkets.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Forced Air, Radiator
Cooling Central A/C, Zoned, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Penn Alexander School
Middle Schools Penn Alexander School
School District The School District Of Philadelphia
Others
Tax ID 881120807
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION