Renovated Duplex
4320 Spruce Street Philadelphia, PA 19104
For Sale
$1,295,000
Renovated duplex with two separate units, each featuring four bedrooms and two full bathrooms.
Property Size3,780 SF
Price / SF$342.59
Days on Market146
Property Features for 4320 Spruce Street
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
RE/MAX Access
(609) 221-7123
Listed By:
Michael D Fabrizio · License #RS321641
(609) 221-7123
Source:
Compass
Added: Feb 28
Changed: Jul 23
Last Checked: Jul 23 at 3:49PM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This renovated duplex property includes two separate units. Each unit is configured with four bedrooms and two full bathrooms, for a total of eight bedrooms and four full bathrooms across approximately 3,780 square feet of living space. The building is set on a stone and brick foundation.
The property is located in University City near University of Pennsylvania, Drexel University, and Penn Medicine, with access to area public transportation, restaurants, cafes, and neighborhood amenities.
Offered for sale, the asset presents straightforward duplex ownership with two well-defined residential units. Its layout also supports flexible occupancy options, including living in one unit and renting the other, subject to applicable regulations.
The property is located in University City near University of Pennsylvania, Drexel University, and Penn Medicine, with access to area public transportation, restaurants, cafes, and neighborhood amenities.
Offered for sale, the asset presents straightforward duplex ownership with two well-defined residential units. Its layout also supports flexible occupancy options, including living in one unit and renting the other, subject to applicable regulations.
Key Highlights
- Renovated duplex built in 1925 with two separate units
- Each unit features 4 bedrooms and 2 full bathrooms (8 bedrooms and 4 full bathrooms total)
- Approximately 3,780 SF of living space across the two units
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 | $97.5k | $25.80 |
| − Vacancy | −$5.4k | −$1.42 |
| EGI | $92.2k | $24.38 |
| − OpEx | −$27.6k | −$7.31 |
| NOI | $64.5k | $17.06 |
3,780 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$921.5K
$806.3K – $1.08M
NOI $64,505 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$849.4K
$743.2K – $991.0K
NOI $59,458 @ 7.0% cap · market cap 4.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two separate units, each featuring four bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 4320 Spruce Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Renovated duplex built in 1925 with two separate units; Each unit features 4 bedrooms and 2 full bathrooms (8 bedrooms and 4 full bathrooms total); Approximately 3,780 SF of living space across the two units
