Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
3,616
Rare opportunity to acquire a fully occupied six-unit multifamily property directly across from Penn Alexander School in one of University City's most desirable residential neighborhoods. 4236 Spruce is surrounded by the University of Pennsylvania, Drexel University, CHOP and HUP, while Baltimore Avenue and the surrounding Spruce Hill neighborhood offer an exceptional collection of restaurants, cafes, bars and neighborhood retail just outside the door. The property combines classic architectural character with a highly desirable location and an attractive six-unit configuration featuring two spacious bi-level three-bedroom apartments, three studios and one two-bedroom apartment. Two rear off-street parking spaces and shared on-site laundry provide additional income. The property's location supports strong and consistent rental demand, while its historic character, tree-lined setting and proximity to University City's major institutions make it particularly appealing to tenants seeking more than a typical apartment building. For investors, the opportunity extends beyond the existing income. The property is fully occupied today, while targeted cosmetic improvements and thoughtful rent optimization offer a straightforward path to increasing rents and overall value over time - without requiring a major repositioning. A rare combination of location, character, occupancy, parking, ancillary income and value-add potential in one of West Philadelphia's strongest rental submarkets.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Zoned, Window Unit(s), Electric
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Lot Size(square feet)
3,293
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,325,000
-
Tax Amount
$11,292
-
Sq. Footage
3,616
-
Price/SqFt
$366
HOA
-
Association
No
School District
-
Elementary School
PENN ALEXANDER SCHOOL
-
Middle School
PENN ALEXANDER SCHOOL
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
61
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
PENN ALEXANDER SCHOOL
Middle School
PENN ALEXANDER SCHOOL
High School
Listing Courtesy of Peter van der Vlugt, Compass Pennsylvania, LLC
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Salesperson, Realtor
Michele Barkman
Call Michele today to schedule a private showing.
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