4320 SPRUCE Street, Philadelphia, PA 19104
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
- Added:
- Mar 5, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 13 at 1:06 pm
Property Features for 4320 SPRUCE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,780 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19178
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing agent Michael D Fabrizio License #RS321641 (609) 221-7123
Listing office RE/MAX Access 100 Spring Garden Street, Philadelphia, PA (215) 400-2600
Listing date Mar 5, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑unit multifamily property with a total of 8 bedrooms and 4 full bathrooms
- Approximately 3,780 sq ft of living space, with each unit offering 4 bedrooms and 2 full bathrooms
- Recently renovated with updated kitchens and baths
- Central heating and central air conditioning
- Built in 1925 with masonry construction on a stone and brick foundation
- Steps from University of Pennsylvania, Drexel University, and Penn Medicine
Overview
The property is located in Philadelphia’s University City area, positioned just steps from the University of Pennsylvania and Drexel University, and also close to Penn Medicine. The listing notes proximity to public transportation, restaurants and cafes, and other neighborhood amenities, supporting a tenant mix that may include students, faculty, medical professionals, and long-term renters.
For tenants, the arrangement of two independent 4-bedroom, 2-bath units can align well with group living needs while keeping each household’s spaces separate. For owner-occupants, the two-unit setup offers flexibility to live in one unit while renting the other. For investors, the property’s described configuration provides an opportunity to own a renovated, income-producing duplex-style asset in an area connected to major university and medical employment centers, subject to applicable local regulations.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.210144
- Latitude
- 39.9523735
