6-Unit Apartment
For Sale
$1,325,000
4236 Spruce St, Philadelphia, PA 19104
The unit mix includes bi-level three-bedroom apartments, studios, and a two-bedroom residence.
Property Size3,616 SF
Price / SF$366.43
Days on Market9
Property Features for 4236 Spruce St
General Information
Standard status
Active
Size
3,616 SF
Total Parking Spaces
2
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
2 x 3BR bi-level, 3 x studio, 1 x 2BR
Multifamily Units
6
Amenities
shared on-site laundry
Building Details
Year Built
1900
Listing Agency:
Compass RE
Listed By:
Peter van der Vlugt · License #RS374437
(484) 431-8821
Source:
Viewmarylandhomesforsale
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 16 at 9:19AM
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 Compass RE
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Investment Insights
Based on property information with market context.
Built in 1900, this six-unit apartment property is fully occupied and offers a varied residential mix: two bi-level apartments with three bedrooms each, three studios, and one two-bedroom apartment. Shared laundry serves the building, and two off-street parking spaces are located at the rear.
The property is across from Penn Alexander School in University City. The University of Pennsylvania, Drexel University, CHOP, and HUP are among the institutions in the surrounding area. Baltimore Avenue and Spruce Hill add restaurants, cafes, bars, and neighborhood retail nearby.
The property is across from Penn Alexander School in University City. The University of Pennsylvania, Drexel University, CHOP, and HUP are among the institutions in the surrounding area. Baltimore Avenue and Spruce Hill add restaurants, cafes, bars, and neighborhood retail nearby.
Key Highlights
- Six units: two bi‑level three‑bedroom apartments, three studios, and one two‑bedroom apartment
- Fully occupied
- Two rear off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,878
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,560
$1.1M
Cap Rate 7%
$812,543
$812.5K
Cap Rate 9%
$631,978
$632.0K
Market Conditions
NOI Build-Up for 3,616 SF
Gross rent
$109.8K $30.36/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$103.4K $28.60/SF
− OpEx
−$46.5K −$12.87/SF
NOI
$56.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,560
Cap Rate 7%
$812,543
Cap Rate 9%
$631,978
Alternative Uses
Best Use
Apartment 5plus
$812.5K
$711.0K – $948.0K
NOI $56,878 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$881.5K
$771.3K – $1.03M
NOI $61,707 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix includes bi-level three-bedroom apartments, studios, and a two-bedroom residence.
Where is this apartment building located?
The property is located at 4236 Spruce St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six units: two bi‑level three‑bedroom apartments, three studios, and one two‑bedroom apartment; Fully occupied; Two rear off‑street parking spaces
