4520 Spruce Street, Philadelphia, PA 19139
Six one-bedroom units in a Philadelphia apartment building near Drexel and University of Pennsylvania.
- Added:
- Jun 5, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 8:24 am
Property Features for 4520 Spruce Street
General Information
- Standard status
- Active
- Size
- 4,640 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing agent Samantha Miller License #RS352351 (215) 692-3107
Listing office Mallin Panchelli Nadel Realty Inc (215) 692-3107
Listing date Jun 5, 2026
Source Xome
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 Mallin Panchelli Nadel Realty Inc
HighLights
- 18‑unit multifamily portfolio across three buildings in Powelton Village and Spruce Hill locations
- 4520 Spruce Street: 6 one‑bedroom units; offered at $900,000
- In‑place NOI of $53k and stated 7.3% cap rate
- Zoned RTA1; lot dimensions 30.00 x 160.00
- Built in 1925; window air conditioning
- On‑street parking available
Overview
The asset is located at 4520 Spruce Street in Philadelphia, PA 19139, in the Powelton Village and Spruce Hill area. The property is noted as walkable to both Drexel University and the University of Pennsylvania.
From a tenant-fit standpoint, the surrounding market is presented as being supported by the University of Pennsylvania’s full-time student population of 23,948 and more than 39,000 individuals employed by the University of Pennsylvania. The broader area is also cited as having a population of more than 100,000 residents between the 19104 and 19139 zip codes. For buyers seeking a smaller, manageable multifamily asset within an established 18-unit portfolio context, 4520 Spruce Street can also be purchased as part of the full three-building offering, depending on investment strategy.
Local Financial Insights For Apartment 5plus
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 | $140.9k | $30.36 |
| − Vacancy | −$8.2k | −$1.76 |
| EGI | $132.7k | $28.60 |
| − OpEx | −$59.7k | −$12.87 |
| NOI | $73.0k | $15.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.213332
- Latitude
- 39.952679
