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Philadelphia,PA 19106
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,508 sqft
Price per Sqft $498
Subdivision Society Hill
MLS Listing ID PAPH2543234
Style Unit/Flat
Abv Grd Liv Area 2,508
Year Built 1850
Annual Tax Amount $12,789
Tax Year 2025
Lot Size 1,370 Sqft
Acres 0.03
Lot Dimensions 17.00 x 82.00
Property Sub-Type Other
Source BRIGHT
Property Description
Location, Location, Location! Welcome to 520 Spruce Street, a charming and spacious triplex in the heart of Society Hill, one of Philadelphia's most desirable neighborhoods. This historic property features three distinct residences, each blending modern updates with timeless character.
Unit 1 (First Floor & Lower Level): Bilevel 3-bedroom, 2-bathroom residence with private entrance. Currently leased for $3,225/month through 8/31/26. Unit 2 (Second Floor): 2-bedroom, 1-bathroom apartment, leased for $2,150/month through 10/30/26. Unit 3 (Third & Fourth Floors): Spacious bilevel 3-bedroom, 3-bathroom residence. Currently leased for $3,250/month through 7/31/26.
In total, the property generates $8,625/month or $103,500 annually in gross rental income, making it an excellent opportunity for both investors and owner-occupants. Each unit has been recently upgraded with modern kitchens, while preserving historic details such as high ceilings, original fireplaces, and classic woodwork. Every residence also enjoys private outdoor space, perfect for taking in the serene, tree-lined views of Society Hill. Situated steps from Independence Hall, the Liberty Bell, Washington Square Park, world-class dining, and charming boutiques, this property offers unmatched access to Philadelphia's cultural and historic landmarks. Commuting is effortless with quick access to I-95, I-676, I-76, SEPTA bus routes, subway, and regional rail. 520 Spruce Street offers the perfect blend of historic charm, modern amenities, and strong rental income in one of Philadelphia's premier neighborhoods, a true gem for any investor or future owner.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 051151100
Ownership Fee Simple
SqFt Source 2508
Special Listing Condition Standard