3816 Spring Garden St Philadelphia, PA 19104
Powelton Village NeighborhoodEstimated payment $3,390/month
Highlights
- Heating Available
- 2-minute walk to Lancaster Avenue And Spring Garden Street
- 4-minute walk to 37th & Mt. Vernon Park
About This Home
Located in the vibrant University City neighborhood, this turnkey multifamily property offers an incredible opportunity for both investors and owner-occupants. Just steps from Drexel University, Penn, and major hospitals, it’s in one of Philadelphia’s most desirable and consistently growing rental markets.
Unit 1 is a spacious 2-bedroom, 1-bathroom apartment currently rented for $1,600/month. It features an updated kitchen and bathroom, along with exclusive access to a large private backyard, perfect for outdoor relaxation and entertaining.
Unit 2 is a bi-level 3-bedroom, 2-bathroom residence currently rented for $2,200/month. The open-concept living and dining areas flow seamlessly to a private balcony through sliding glass doors, creating an airy and inviting space. The oversized primary bedroom is located on the main floor, while the upper level offers two additional bedrooms and a full bath. Original architectural details add to the property’s charm and character.
With consistent rental history and zero vacancy, this property is exceptionally easy to lease thanks to its prime location near universities, hospitals, and cultural institutions. Whether you’re seeking a reliable cash-flowing investment or planning to live in one unit and rent out the other, this property is a rare find in Powelton Village.
Listing Agent
(267) 205-1369 reda.akbil@compass.com Compass RE License #RS337002 Listed on: 10/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,128
Year Built
- Built in 1920
Lot Details
- 1,712 Sq Ft Lot
- Lot Dimensions are 16.00 x 107.00
Home Design
- 2,072 Sq Ft Home
- Duplex
- Masonry
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 196
- Assessor Parcel Number 241204500
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 |
|---|---|---|---|---|
| 2026 | $8,480 | $437,800 | $87,560 | $350,240 |
| 2025 | $8,480 | $437,800 | $87,560 | $350,240 |
| 2024 | $8,480 | $437,800 | $87,560 | $350,240 |
| 2023 | $8,480 | $605,800 | $121,160 | $484,640 |
| 2022 | $4,369 | $605,800 | $121,160 | $484,640 |
| 2021 | $4,369 | $0 | $0 | $0 |
| 2020 | $4,369 | $0 | $0 | $0 |
| 2019 | $4,205 | $0 | $0 | $0 |
| 2018 | $2,268 | $0 | $0 | $0 |
| 2017 | $2,268 | $0 | $0 | $0 |
| 2016 | $2,268 | $0 | $0 | $0 |
| 2015 | $2,171 | $0 | $0 | $0 |
| 2014 | -- | $162,000 | $31,819 | $130,181 |
| 2012 | -- | $9,248 | $2,753 | $6,495 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | For Sale | $549,000 | -- | $265 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $250,000 | Certfied Abstract Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $80,000 | New Conventional |
Source: Bright MLS
MLS Number: PAPH2540218
APN: 241204500
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