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6-Unit Apartment Building
For Sale
$1,350,000

2402 Spruce Street, Philadelphia, PA 19103

Recently renovated apartment building with studio and one-bedroom layouts in Philadelphia’s Filter Square neighborhood.

Days on Market25

Property Features for 2402 Spruce Street

General Information

Standard status Active
Property subtype Commercial
Lease Term []

Units

Unit Mix 3 x studio, 3 x 1BR/1BA
Multifamily Units 6

Building Details

Year Built 1910
Buildings 1
Listing Agency: KW Commercial
Listed By: Nile Thompson · License #RS344703
Source: Deepcreeklake
Added: Jul 8 Changed: Jul 31 Last Checked: Aug 1 at 2:45AM

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 KW Commercial

Investment Insights

Based on property information with market context.

Recently renovated 6-unit apartment building at 2402 Spruce Street in Philadelphia. The property includes three studio apartments and three 1-bed / 1-bath apartments, offering a balanced mix of smaller residential layouts. Built in 1910, the building provides an established multifamily configuration with updated interiors.

Tenants pay all utilities except cold water, with the landlord responsible for cold water service. The property is within walking distance of Schuylkill River Park, downtown Philadelphia, and Rittenhouse Square. It may also be purchased with 2129 Pine St, comprising 6 units, and 1725 Bainbridge St, comprising 5 units, as a three-property portfolio.

Key Highlights

  • 6‑unit apartment building renovated in 1910 construction
  • Three studio apartments and three 1‑bed / 1‑bath apartments
  • Tenants pay all utilities except cold water

Property Analytics

Current Use

Mekinda Johnathan Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Butcher Electrical Service Fish Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

10,554
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently renovated apartment building with studio and one-bedroom layouts in Philadelphia’s Filter Square neighborhood.
Where is this apartment building located?
The property is located at 2402 Spruce Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6‑unit apartment building renovated in 1910 construction; Three studio apartments and three 1‑bed / 1‑bath apartments; Tenants pay all utilities except cold water
More about this property
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