Historic Multifamily Building with
For Sale
Contact for pricing
Pending
2134 Spruce Street, Philadelphia, PA 19103
Fully renovated historic building leased under a 3-year term, with eight units expandable to nine and a private rear terrace.
Property SizeContact for details
Days on Market125
Property Features for 2134 Spruce Street
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Furnished
Yes
Multifamily Units
8
Amenities
skyline views
private rear terrace
garden
alley shared access
Building Details
Year Built
1889
Year Renovated
2017
Listing Agency:
Coldwell Banker Hearthside Lansdale
Listed By:
Deborah Cueto · License #PA RS221764L
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 12 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Hearthside Lansdale
Investment Insights
Based on property information with market context.
This historic multifamily building is currently leased for $16.5K per month under the first year of a three-year lease. The property was fully renovated beginning in 2017, with preserved original details and updated finishes. The building is set up with eight units and has the ability to expand to nine units. Skyline views are available from the second and third floors, and the property includes a private rear terrace and garden. The building is also described as being able to be sold fully furnished.
Located at the corner of Spruce and 21st St, the property is accessed via a shared alley. Built in 1889 by architect Frank Furness, the remarks describe preserved exterior and interior elements and note that the work was guided by the Historical Commission.
As a turnkey option for investors, the current lease structure provides near-term income while maintaining the flexibility of unit configuration.
Located at the corner of Spruce and 21st St, the property is accessed via a shared alley. Built in 1889 by architect Frank Furness, the remarks describe preserved exterior and interior elements and note that the work was guided by the Historical Commission.
As a turnkey option for investors, the current lease structure provides near-term income while maintaining the flexibility of unit configuration.
Key Highlights
- Entire building leased for $16.5K/mo ($198/year), with the tenant in the first year of a 3‑year lease.
- Fully renovated starting in 2017 with high‑end finishes while retaining original details like fireplace mantels, staircase, banisters, moldings, wood doors, and tile work.
- Historically significant 1889 building by Frank Furness, built as a double‑house; 28 ft wide property at Spruce and 21st St.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
10,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated historic building leased under a 3-year term, with eight units expandable to nine and a private rear terrace.
Where is this apartment building located?
The property is located at 2134 Spruce Street Philadelphia, PA.
What are key features of this property?
This property features: Entire building leased for $16.5K/mo ($198/year), with the tenant in the first year of a 3‑year lease.; Fully renovated starting in 2017 with high‑end finishes while retaining original details like fireplace mantels, staircase, banisters, moldings, wood doors, and tile work.; Historically significant 1889 building by Frank Furness, built as a double‑house; 28 ft wide property at Spruce and 21st St.
