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Rittenhouse Square 10-Unit 1935 Spruce St 10 Unit Apartment Building $3,400,000 ($340,000/Unit) Philadelphia, PA 19103
Investment Highlights
- TOP SUBMARKET - RITTENHOUSE SQUARE
- TOP DESTINATION IN WORLD TO VISIT IN 2026 - PHL, PA
- IRREPLACEABLE COMMERCIAL REAL ESTATE
- 1.5 BLOCKS TO RITTENHOUSE SQ PARK
- TURNKEY MULTIFAMILY PROPERTY
- 47' FRONTAGE @ 20TH & SPRUCE
Executive Summary
20th & SPRUCE! Irreplaceable commercial real estate investment opportunity awaits at 1933-5 Spruce Street in the heart of Rittenhouse Square — Philadelphia's most prestigious location and sought-after rental market. Located just 1.5 blocks from Rittenhouse Square Park, this location commands the utmost attention in the #1 Destination to Visit in 2026 — Philadelphia, Pennsylvania. Sited on a hard corner at 20th & Spruce Streets, the city's top dining, shopping and nightlife attractions are all within a short stroll. James Beard award-winning and Michelin-rated restaurants abound. 1933-5 Spruce features ten (10) apartments — fully-leased and renovated — a truly turnkey multifamily opportunity in the ultimate urban location — Rittenhouse Square. Two (2) studio units, two (2) 2bd x 2ba units, six (6) 1bd x 1ba units provide an ideal unit mixture ensuring versatility. This boutique apartment building carries minimal deferred maintenance and Day One cash flow — an ideal 1031 exchange.
Property Facts
| Price | $3,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $340,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 10 | Building Size | 7,980 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1850/2019 |
| Zoning | CMX2 | ||
| Price | $3,400,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,980 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1850/2019 |
| Zoning | CMX2 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 882934162 | Improvements Assessment | $699,760 |
| Land Assessment | $174,940 | Total Assessment | $874,700 |
Property Taxes
Parcel Number
882934162
Land Assessment
$174,940
Improvements Assessment
$699,760
Total Assessment
$874,700
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Rittenhouse Square 10-Unit | 1935 Spruce St
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