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3423-3427 Spring Garden St
Philadelphia, PA 19104
34th and Spring Garden Street · Multifamily Property For Sale
·
3 Units
Executive Summary
A high-visibility corner asset featuring 9 units and 27 beds. This property is a "Smart-Ready" building with USB charging ports and high-speed Wi-Fi integration already in place.
Situated at the intersection of 34th & Spring Garden, this 3-story asset includes 9 large 3BR/3BA units. Building features include 24-hour video monitoring and an on-site shuttle service to campus. Its location is a "Walker’s Paradise" (89 Score) within the core Drexel residential pocket.
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.
Situated at the intersection of 34th & Spring Garden, this 3-story asset includes 9 large 3BR/3BA units. Building features include 24-hour video monitoring and an on-site shuttle service to campus. Its location is a "Walker’s Paradise" (89 Score) within the core Drexel residential pocket.
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 Per Unit | $591,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6% | Building Size | 8,544 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RM1 | ||
| Price Per Unit | $591,667 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,544 SF |
| No. Stories | 3 |
| Year Built | 2014 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
Property Taxes
| Parcel Number | 881108174 | Improvements Assessment | $1,755,180 |
| Land Assessment | $752,220 | Total Assessment | $2,507,400 |
Property Taxes
Parcel Number
881108174
Land Assessment
$752,220
Improvements Assessment
$1,755,180
Total Assessment
$2,507,400
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34th and Spring Garden Street | 3423-3427 Spring Garden St