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3337-3343 Spring Garden Street 3337 Spring Garden St 12 Unit Apartment Building $3,400,000 ($283,333/Unit) 6% Cap Rate Philadelphia, PA 19104
Executive Summary
A rare contiguous block of four buildings totaling 26 units and 72 beds. This cluster offers institutional scale in a boutique setting, allowing a buyer to control a significant portion of the block and achieve management efficiencies.
Located just 0.4 miles from 30th Street Station, these buildings feature in-unit washers/dryers and 50” flat-screen TVs in every unit. The property is in proximity to UPenn, Drexel, and Penn Medicine.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Located just 0.4 miles from 30th Street Station, these buildings feature in-unit washers/dryers and 50” flat-screen TVs in every unit. The property is in proximity to UPenn, Drexel, and Penn Medicine.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Property Facts
| Price | $3,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6% | Building Size | 13,126 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2010 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price | $3,400,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 13,126 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Amenities
Site Amenities
- Security System
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 242003800 | Improvements Assessment | $612,400 |
| Land Assessment | $153,100 | Total Assessment | $765,500 |
Property Taxes
Parcel Number
242003800
Land Assessment
$153,100
Improvements Assessment
$612,400
Total Assessment
$765,500
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