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The Burlington House Apartments 1321-1323 Spruce St 50 Unit Apartment Building For Sale Philadelphia, PA 19107
INVESTMENT HIGHLIGHTS
- Located in Midtown Village with a 99 Walk Score
- Diverse unit mix ideal for Center City renters
- Value-add potential through luxury renovations
- Up to $1,700 rent upside per renovated unit
- Steps from CBD, universities, and cultural landmarks
- Legacy asset from long-term ownership
EXECUTIVE SUMMARY
Located in the heart of Midtown Village, The Burlington House offers investors a rare chance to acquire a legacy multifamily asset in one of Philadelphia’s most vibrant and walkable neighborhoods. This 50-unit midrise apartment building, originally constructed in 1925, is poised for a full repositioning that could unlock significant rental upside. With current rents trailing market comparables by up to $1,700 for renovated two-bedroom units, the property presents a compelling value-add opportunity through a luxury renovation program.
The unit mix—comprising 26 one-bedrooms, 12 two-bedrooms, 11 studios, and a single three-bedroom—caters to a broad spectrum of renter demand in Center City. The building’s location offers unmatched connectivity to Philadelphia’s Central Business District, major universities, hospitals, and cultural landmarks including Independence Hall, the Liberty Bell, and the Kimmel Center. Residents benefit from proximity to Trader Joe’s, Whole Foods, Sprouts Farmers Market, and the Fashion District, as well as seamless access to transit and employment hubs.
An investor can reposition The Burlington House into a trophy asset by modernizing kitchens and bathrooms, installing in-unit washers/dryers and air conditioning, and enhancing common areas. The property’s walk score of 99 underscores its appeal to urban renters seeking convenience and lifestyle. With long-term ownership and a strong economic infrastructure surrounding the asset, The Burlington House is a generational opportunity to redefine a classic Philadelphia building.
The unit mix—comprising 26 one-bedrooms, 12 two-bedrooms, 11 studios, and a single three-bedroom—caters to a broad spectrum of renter demand in Center City. The building’s location offers unmatched connectivity to Philadelphia’s Central Business District, major universities, hospitals, and cultural landmarks including Independence Hall, the Liberty Bell, and the Kimmel Center. Residents benefit from proximity to Trader Joe’s, Whole Foods, Sprouts Farmers Market, and the Fashion District, as well as seamless access to transit and employment hubs.
An investor can reposition The Burlington House into a trophy asset by modernizing kitchens and bathrooms, installing in-unit washers/dryers and air conditioning, and enhancing common areas. The property’s walk score of 99 underscores its appeal to urban renters seeking convenience and lifestyle. With long-term ownership and a strong economic infrastructure surrounding the asset, The Burlington House is a generational opportunity to redefine a classic Philadelphia building.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 50 | Building Size | 40,144 SF |
| Property Type | Multifamily | No. Stories | 8 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Mid-Rise | Cross Streets | Juniper St |
| Building Class | C | ||
| Zoning | CMX5 | ||
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 40,144 SF |
| No. Stories | 8 |
| Year Built | 1925 |
| Cross Streets | Juniper St |
| Zoning | CMX5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Refrigerator
- Range
- Carpet
- Intercom
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Package Service
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 881014000 | Improvements Assessment | $4,340,000 |
| Land Assessment | $1,860,000 | Total Assessment | $6,200,000 |
PROPERTY TAXES
Parcel Number
881014000
Land Assessment
$1,860,000
Improvements Assessment
$4,340,000
Total Assessment
$6,200,000
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