5134 Spruce St Philadelphia, PA 19139
Cobbs Creek NeighborhoodEstimated payment $3,586/month
Total Views
112,754
--
Bed
--
Bath
3,159
Sq Ft
$180
Price per Sq Ft
Highlights
- Traditional Architecture
- Forced Air Heating and Cooling System
- 3-minute walk to Malcolm X Park
About This Home
This 5-unit building offers a rare investment opportunity just steps from the rapidly developing 52nd Street Corridor. With a mix of one 3-bedroom unit and four 1-bedroom units, this property boasts significant rental income potential with an expected cap rate of over 10%. Rent projections are based on actual Philadelphia Housing Voucher Program rents. The first-floor unit has been renovated with a modern kitchen, updated bathroom, new flooring, and fresh paint throughout, making it a standout feature. The lower-level one-bedroom unit is currently leased, offering immediate cash flow, while the upper units have also been updated to include spacious layouts, large windows, and plenty of natural light. Located within the Philadelphia School District, this property is just a few blocks from the Market-Frankford Subway line, providing easy access to Center City, local shopping, and dining along Baltimore Avenue, and the vibrant community around Malcolm X Park. The seller’s favorite aspect of the location is its proximity to everything while being situated in a Qualified Opportunity Zone, presenting a unique investment advantage for buyers. This building is perfect for investors looking for a high-yield property in a growing area. Don’t miss your chance to invest in this income-producing property—schedule a tour today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,830
Year Built
- Built in 1925
Lot Details
- 1,775 Sq Ft Lot
- Lot Dimensions are 21.00 x 85.00
Parking
- On-Street Parking
Home Design
- 3,159 Sq Ft Home
- Traditional Architecture
- Concrete Perimeter Foundation
- Masonry
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- Operating Expense $15,929
- Net Operating Income $64,951
Listing and Financial Details
- Tax Lot 149
- Assessor Parcel Number 602110900
Map
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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 | $3,730 | $416,500 | $83,300 | $333,200 |
| 2024 | $3,730 | $416,500 | $83,300 | $333,200 |
| 2023 | $3,730 | $266,500 | $53,300 | $213,200 |
| 2022 | $3,630 | $266,500 | $53,300 | $213,200 |
| 2021 | $3,630 | $0 | $0 | $0 |
| 2020 | $3,630 | $0 | $0 | $0 |
| 2019 | $3,494 | $0 | $0 | $0 |
| 2018 | $2,235 | $0 | $0 | $0 |
| 2017 | $2,235 | $0 | $0 | $0 |
| 2016 | $2,235 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $159,700 | $27,541 | $132,159 |
| 2012 | -- | $15,136 | $4,705 | $10,431 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Price Changed | $569,000 | -5.0% | $180 / Sq Ft |
| 05/22/2025 05/22/25 | For Sale | $599,000 | -- | $190 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $300,000 | Quality Abstract Svcs Inc | |
| Deed | $80,325 | None Available | |
| Sheriffs Deed | $99,800 | None Available | |
| Deed | $26,000 | -- | |
| Deed | $17,500 | -- | |
| Deed | $18,000 | -- | |
| Deed | $5,500 | -- | |
| Sheriffs Deed | $8,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $416,250 | Credit Line Revolving | |
| Closed | $361,200 | Commercial | |
| Previous Owner | $198,750 | Commercial |
Source: Public Records
About the Listing Agent
Michael is a driven real estate entrepreneur with extensive expertise in real estate investment and brokerage in the Philadelphia region. He is passionate about the equitable improvement of communities, the wealth-building power of owning real estate, and the empowerment of disadvantaged youth through education.
He runs a team of real estate professionals at Compass who believe in bringing unmatched integrity, communication, and experience to each transaction. During his time in the real
Michael's Other Listings
Source: Bright MLS
MLS Number: PAPH2470122
APN: 602110900
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