3800 Spring Garden St Philadelphia, PA 19104
Powelton Village NeighborhoodEstimated payment $4,063/month
Highlights
- Central Heating and Cooling System
- 2-minute walk to Lancaster Avenue And Spring Garden Street
- 3-minute walk to 37th & Mt. Vernon Park
About This Home
Turnkey Triplex – Fully Rented Corner Property in Powelton Village
NEW PRICE – Cash Flow from Day One!
Fully Leased Corner Triplex in Prime University City Location — Turnkey Investment Opportunity
3800 Spring Garden Street is a fully rented triplex located on a prominent corner in the heart of Powelton Village — just blocks from Drexel University, UPenn, CHOP, and Presbyterian Hospital. This low-maintenance property offers immediate cash flow and long-term upside in one of Philadelphia’s strongest rental corridors.
All three units are leased with responsible tenants in place, making this a truly hands-off investment from day one. Surrounded by student housing, medical professionals, and a steady stream of renters, this property sits in an ideal pocket of West Philadelphia where rental demand rarely dips.
Property Highlights:
Updated bathrooms in all units
Unit 1: 1 bed, 1 bath + private side patio
Unit 2: 2 beds, 1 bath
Unit 3: 2 beds, 1 bath
Separate electric and gas meters for each unit
Mechanicals located in basement for easy access and management
This is a great opportunity for investors looking to expand or start a portfolio in a proven, high-demand rental market with consistent income and strong future appreciation potential.
Listing Agent
Coldwell Banker Residential Brokerage - Princeton License #1864188 Listed on: 04/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,298
Year Built
- Built in 1920
Lot Details
- 928 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,499 Sq Ft Home
- Triplex
- Flat Roof Shape
- Brick Foundation
- Masonry
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 241203600
Community Details
Overview
- 3 Units
- Powelton Village Subdivision
Building Details
- Gross Income $43,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,220 | $521,400 | $104,280 | $417,120 |
| 2024 | $5,220 | $521,400 | $104,280 | $417,120 |
| 2023 | $5,220 | $372,900 | $74,580 | $298,320 |
| 2022 | $4,964 | $372,900 | $74,580 | $298,320 |
| 2021 | $4,964 | $0 | $0 | $0 |
| 2020 | $4,964 | $0 | $0 | $0 |
| 2019 | $4,778 | $0 | $0 | $0 |
| 2018 | $4,911 | $0 | $0 | $0 |
| 2017 | $4,910 | $0 | $0 | $0 |
| 2016 | $4,911 | $0 | $0 | $0 |
| 2015 | $4,701 | $0 | $0 | $0 |
| 2014 | -- | $350,800 | $17,247 | $333,553 |
| 2012 | -- | $11,200 | $2,353 | $8,847 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Price Changed | $639,000 | -1.7% | $256 / Sq Ft |
| 04/29/2025 04/29/25 | For Sale | $650,000 | +8.4% | $260 / Sq Ft |
| 08/15/2023 08/15/23 | Sold | $599,900 | 0.0% | $240 / Sq Ft |
| 06/14/2023 06/14/23 | Pending | -- | -- | -- |
| 06/12/2023 06/12/23 | For Sale | $599,900 | +71.9% | $240 / Sq Ft |
| 11/29/2012 11/29/12 | Sold | $349,000 | 0.0% | $140 / Sq Ft |
| 09/19/2012 09/19/12 | Pending | -- | -- | -- |
| 09/12/2012 09/12/12 | For Sale | $349,000 | -- | $140 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $599,900 | None Listed On Document | |
| Deed | $366,425 | None Available | |
| Deed | $349,000 | None Available | |
| Deed | $230,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $419,930 | New Conventional | |
| Previous Owner | $275,000 | Commercial | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $240,000 | Commercial | |
| Previous Owner | $75,000 | Commercial |
Source: Bright MLS
MLS Number: PAPH2476542
APN: 241203600
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