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4310 Spruce St 5 Unit Apartment Building $1,800,000 ($360,000/Unit) 4.28% Cap Rate Philadelphia, PA 19104
INVESTMENT HIGHLIGHTS
- Spruce Hill is one of Philadelphia’s most beloved historic neighborhoods, blending urban convenience with timeless charm.
- The neighborhood is known for its beautifully preserved late 19th and early 20th-century homes
- Bordering the campuses of the University of Pennsylvania and Drexel University.
- Located just west of University City and minutes from Center City.
- With easy access to downtown via streetcar, bike, or public transit, Spruce Hill provides urban connectivity while retaining its cozy neighborhood.
- As new developments continue, the Spruce Hill Community Association is advocating for the creation of a historic district.
EXECUTIVE SUMMARY
Seller owns additional real estate in the same immediate area and would consider a portfolio sale. Contact broker for more information.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $360,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.28% | Building Size | 4,530 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2015 |
| Property Subtype | Apartment | ||
| Zoning | RTA1 | ||
| Price | $1,800,000 |
| Price Per Unit | $360,000 |
| Sale Type | Investment |
| Cap Rate | 4.28% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,530 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2015 |
| Zoning | RTA1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Bay Window
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Basement
- Breakfast Nook
- Built-In Bookshelves
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Freezer
- Garden
- Handrails
SITE AMENITIES
- Courtyard
- Fenced Lot
- Recycling
- Trash Pickup - Curbside
- Vintage Building
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (86)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 881122105 | Total Assessment | $646,200 (2026) |
| Land Assessment | $96,930 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $549,270 (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
881122105
Land Assessment
$96,930 (2026)
Improvements Assessment
$549,270 (2026)
Total Assessment
$646,200 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4310 Spruce St
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