Homes for sale - 5027 SPRUCE ST, Philadelphia, PA 19139

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Jason McMullen

jason@jasonmcmullenhomes.com +1(717) 557-3239

Listed by Jeffrey Block • Compass Pennsylvania, LLC

$ 825,000

Est. payment | -/mo

3,930 SqFt

Save

$ 825,000

Est. payment | -/mo

Save

3,930 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,930 sqft

Price per Sqft $209

Subdivision University City

MLS Listing ID PAPH2524320

Style Other

Abv Grd Liv Area 3,480

Year Built 2016

Available Date 2025-09-15

Annual Tax Amount $3,332

Tax Year 2025

Lot Size 2,000 Sqft

Acres 0.05

Lot Dimensions 20.00 x 100.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

2017 new construction. 5 units, fully occupied. Lovely University City block. 91 WalkScore. Walk to tons of restaurants and shops; Penn, HUP, CHOP & Drexel; great access to SEPTA. Superb turn-key investment in an excellent location. Solid Cap Rate! Excellent condition with fully separated gas and electric. The building is zoned for 5 units with active rental license for 5 units. Each unit includes in-unit dishwasher, washer/dryer, stainless steel appliances, and granite countertops. Reasonable rents and beautiful condition, exactly what tenants are looking for. Always easy to rent. The current owner values both quality tenants and no vacancies. Tax abatement thru 2026. Most leases run into mid-2026.✅ 5027 Spruce is also being offered as part of a larger portfolio with various purchase options. Details on the portfolio and all package combinations include--Superb turn-key commercial investment package. Includes 5 fully occupied, income-generating apartment buildings (34 total units) in excellent locations. 23 units in red-hot Germantown. 6 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings, some with remaining tax abatements✅ Proper Zoning and Active Rental Licenses for every unit ✅ Solid Cap Rates!✅ Each apartment building is fully turnkey, and in excellent condition✅ Fully separated gas and electric ✅ All units include in-unit dishwasher and washer/dryer✅ New or newer stainless-steel appliances & granite countertops in 34 units (3 units have nice white appliances)✅ Some units with nice outdoor space as well✅ Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. Always easy to rent✅ The current owner values both quality tenants and no vacancies. All leases run into mid-2026. All buildings well-cared for and maintained with a striking pride of ownership. ✅ The 5-building breakdown is as follows: 4529 Pulaski (14 units—2022 ground-up new construction--Tax Abatement thru 2031)—$2,275,000✅ 4637 Germantown (9 units—2024 ground up new construction-Tax Abatement thru 2035)—$1,525,000✅ These two buildings are a few blocks apart and are also available as a solid 23-unit mini package at $3,800,000. Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Transit hub and Right off the Roosevelt Extension (US1)✅ 1148 & 1150 S 15th (6 units being sold together or as two separate triplexes; both 2014 new construction)—$1,300,000 (or $650,000 each) ✅ A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, Italian Market, and Center City✅ 5027 Spruce Street (5 units—2017 ground up new construction—Tax abatement thru 2026)—$825,000. Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great SEPTA access. ✅ Excellent numbers—the entire package offers a 7.66% cap rate. OFFERING MEMORANDUM available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information.✅ Two additional Development Opportunities are also available for purchase: 5037 Wissahickon—Zoning approval for 18 residential units and one commercial space—$475,000✅ 4633 Germantown—Vacant lot with potential to also acquire city owned corner lot next door and build a 9-unit building by right—$27,500. The city-owned lot is 4535 Germantown and is directly across the street from 4637 Germantown. Note that the 4633 Germantown vacant lot goes street to street and has a clear encroachment built onto the rear portion.✅ Contact Listing Agent for Offering Memorandum. OM includes bed/bath count. NOTE: One property is under contract and has been removed from this package.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Inclusions All appliances.

Fireplace N

Heat Source Natural Gas

Exterior

Exterior Feature Balcony, Patio(s)

Water Access N

Accessibility None

Porch Balcony, Patio(s)

Garage N

Building

Foundation Slab

Above Ground Finished SqFt 3480

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 602102600

Ownership Fee Simple

SqFt Source 3930

Special Listing Condition Standard

GET MORE INFORMATION

Jason McMullen

REALTOR® | Lic# RS325652

jason@jasonmcmullenhomes.com

+1(717) 557-3239

4785 Linglestown Road Ste 101 Harrisburg, PA, 17112

5027 SPRUCE ST Philadelphia, PA 19139

Jason McMullen

Key Details

Location

Interior

Exterior

Building

Schools

Others

5027 SPRUCE ST