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    Spacious Multifamily Property with Potential

    5617 SPRUCE Street Philadelphia, PA 19139

    5617 SPRUCE Street, Philadelphia, PA, 19139
    $331,000
    For Sale
    Claim this Listing
    $331,000

    MULTI_FAMILY - Colonial - PHILADELPHIA, PA

    Property Size1,700 SF
    Lot Size0.04 Acres
    Price / SF$194.71
    AddedOct 4, 2025
    Days on Market285
    Last RefreshJul 15 at 4:06 pm

    Property Features for 5617 SPRUCE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    1,700 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3011

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1925
    Number of units
    3
    Building materials
    Masonry
    Architectural style
    Colonial

    Listing agent Haroun Zellagui License #rs360618

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Oct 4, 2025

    MLS# PAPH2542986 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This multifamily property, zoned CMX-2, presents an opportunity for generating income. The ground floor includes an apartment, a utility room, and a corridor leading to a large rear room that previously functioned as a studio apartment with a rooftop deck. This level is partially finished and can be configured as a 1-2 bedroom unit or transformed into a storefront with a separate efficiency-style apartment. The former studio apartment at the back of the property is ready for renovation or redesign. The second floor features 2 bedrooms, a living room, a bathroom, and an eat-in kitchen with cabinetry, plus access to the rooftop deck above the studio. The third floor offers 2 bedrooms, an eat-in kitchen, and a full bathroom. The property is being sold as-is and requires renovation. The property size is 1700 square feet and the lot size is 0.0444 acres. Located in Philadelphia, PA 19139.

    Key Highlights

    • Multifamily property with masonry construction and colonial architectural style, built in 1925
    • CMX‑2 zoning; sold as‑is and requires renovation (seller unaware of any current violations)
    • Heating: electric with baseboard; cooling: window unit(s)

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.9k $25.80
    − Vacancy −$2.4k −$1.42
    EGI $41.4k $24.38
    − OpEx −$12.4k −$7.31
    NOI $29.0k $17.06
    1,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $414.4K
    $362.6K – $483.5K (±1% cap)
    NOI $29,010 @ 7.0% cap · market cap 8.76%
    Second Best
    Apartment 5plus
    $382.0K
    $334.3K – $445.7K (±1% cap)
    NOI $26,740 @ 7.0% cap · market cap 8.08%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage Dental Office Skin Care Clinic Gym & Fitness Center Acupuncture Travel Agency Electrical Service HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Multifamily property with income potential, zoned CMX-2.
    Where is this triplex located?
    The property is located at 5617 SPRUCE Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $331,000.
    What are key features of this property?
    This property features: Multifamily property with masonry construction and colonial architectural style, built in 1925; CMX‑2 zoning; sold as‑is and requires renovation (seller unaware of any current violations); Heating: electric with baseboard; cooling: window unit(s)
    Contact an agent
    (267) 251-4480
    We can help!
    Contact an agent
    Haroun Zellagui
    Haroun Zellagui
    Real Estate License ID: rs360618
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