1. Pennsylvania
2. Philadelphia
3. 4520 SPRUCE ST

4520 SPRUCE ST, Philadelphia, PA 19139

Property Description

Rare opportunity to acquire an established portfolio of 28 units (52 Beds) across four buildings in prime Powelton Village and Spruce Hill locations, walkable to both Drexel University and University of Pennsylvania. Stabilized, income-producing investment with value-add potential via light upgrades - proforma 7.3% cap rate. Portfolio price is $5,100,000 for all four buildings, or purchase separately. 4520 Spruce Street is a 6 unit building (6 x 1 bed units), offered at $1,000,000. Benefit from a strong tenant base derived from University of Pennsylvania's full-time student population of 23,948 (up 1.65% YOY), as well as 39,000+ individuals employed by University of Pennsylvania, and an overall population of more than 100,000 residents between the 19104 and 19139 zip codes. As the pipeline of multifamily deliveries in Philadelphia continues to dwindle, demand is expected to outpace supply, driving further rental growth in 2025-2026, presenting a unique opportunity for investors to acquire a high-quality, income-producing asset with significant long-term upside. Offering memorandum available upon request.

Listing Status:

Active

Listing Office:

Select Commercial Advisors : 2153153326

Listing Agent:

Samantha Lee Miller : 2153153326

MLS ID:

PAPH2519796

Interior

• A/C: Window Unit(s)
• Heating: Hot WaterRadiatorNatural Gas
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Samantha Lee Miller, Select Commercial Advisors