Bi-level Condominium with Private
For Sale
$599,000
130 SPRUCE STREET Unit 23B, Philadelphia, PA 19106
Bi-level condo in a gated Penn’s Landing Square community with a private deck, skyline views, and garage parking.
Property Size1,230 SF
Days on Market90
Property Features for 130 SPRUCE STREET Unit 23B
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Amenities
swimming pool
private deck
gated community
Building Details
Building Size
1,230 SF
Year Built
1971
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
(215) 790-5501
Listed By:
Marc A. Hammarberg · License #AB067991
(215) 790-5501
Source:
Patmckennarealtors
Added: May 8
Changed: Jul 31
Last Checked: Aug 4 at 8:47AM
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 BHHS Fox & Roach The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
Bi-level condominium in Penn’s Landing Square, presented with a private entry and foyer and an open-concept living and dining level designed for light-filled everyday living. Recessed lighting, rich flooring, and oversized windows frame courtyard and pool views with a city skyline backdrop. The stainless steel kitchen features gray cabinetry, marble countertops, and a white subway tile backsplash, and it opens to the dining area with a breakfast counter. A powder room completes the main level. Upstairs, the primary suite accommodates a king-sized bed and includes a sitting or reading area, along with an updated bathroom. A hallway laundry closet includes a stacked washer and dryer, and the second bedroom offers sliding glass door access to a private deck with skyline views, covered storage, and space for dining or relaxing.
The community is gated and garden-style, with landscaped courtyards and a recently renovated swimming pool. Garage parking is included, and the setting places you near the Old City district and waterfront recreation along the Delaware River Trail.
Built in 1971, this residence combines condominium convenience with meaningful private outdoor space within an established Society Hill community.
The community is gated and garden-style, with landscaped courtyards and a recently renovated swimming pool. Garage parking is included, and the setting places you near the Old City district and waterfront recreation along the Delaware River Trail.
Built in 1971, this residence combines condominium convenience with meaningful private outdoor space within an established Society Hill community.
Key Highlights
- Private deck with skyline views and covered storage
- Open‑concept living and dining level with courtyard and pool views
- Stainless steel kitchen with marble countertops and white subway tile backsplash
Financial Insights For Apartment 5plus
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 | $37.3k | $30.36 |
| − Vacancy | −$2.2k | −$1.76 |
| EGI | $35.2k | $28.60 |
| − OpEx | −$15.8k | −$12.87 |
| NOI | $19.3k | $15.73 |
1,230 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$299.9K
$262.4K – $349.8K
NOI $20,990 @ 7.0% cap · market cap 3.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bi-level condo in a gated Penn’s Landing Square community with a private deck, skyline views, and garage parking.
Where is this residential income property located?
The property is located at 130 SPRUCE STREET Unit 23B Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Private deck with skyline views and covered storage; Open‑concept living and dining level with courtyard and pool views; Stainless steel kitchen with marble countertops and white subway tile backsplash
