Renovated Duplex With Four-Bedroom
For Sale
$1,150,000
4320 SPRUCE STREET, Philadelphia, PA 19104
Two updated residences offer flexible layouts near major universities, medical facilities, transit, and neighborhood amenities.
Property Size3,780 SF
Price / SF$304.23
Days on Market152
Property Features for 4320 SPRUCE STREET
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$19,178
Building Details
Building Size
3,780 SF
Year Built
1925
Listing Agency:
RE/MAX Access
(609) 221-7123
Listed By:
Michael D Fabrizio · License #RS321641
(609) 221-7123
Source:
Patmckennarealtors
Added: Mar 5
Changed: Aug 4
Last Checked: Aug 4 at 6:19AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each with four bedrooms and two full bathrooms, for a combined total of 8 bedrooms and 4 bathrooms across approximately 3,780 square feet. Built in 1925 on a stone and brick foundation, the property has undergone renovation and includes updated kitchens and bathrooms, spacious bedrooms, and practical layouts within each unit.
The property is located at 4320 Spruce Street in Philadelphia’s University City area, near the University of Pennsylvania, Drexel University, and Penn Medicine. Public transportation, restaurants, cafes, and other neighborhood amenities are also nearby. The two-unit configuration provides flexibility for an owner-occupant or an investor, while short-term rental use is subject to local regulations.
The property is located at 4320 Spruce Street in Philadelphia’s University City area, near the University of Pennsylvania, Drexel University, and Penn Medicine. Public transportation, restaurants, cafes, and other neighborhood amenities are also nearby. The two-unit configuration provides flexibility for an owner-occupant or an investor, while short-term rental use is subject to local regulations.
Key Highlights
- Two separate units with 4 bedrooms and 2 full bathrooms each
- Approximately 3,780 square feet across both residences
- Renovated property with updated kitchens and bathrooms
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 5.61%
Second Best
Apartment 5plus
$849.4K
$743.2K – $991.0K
NOI $59,458 @ 7.0% cap · market cap 5.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,419
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer flexible layouts near major universities, medical facilities, transit, and neighborhood amenities.
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 $1,150,000.
What are key features of this property?
This property features: Two separate units with 4 bedrooms and 2 full bathrooms each; Approximately 3,780 square feet across both residences; Renovated property with updated kitchens and bathrooms
