Renovated Duplex Income
For Sale
$375,000
5310 SPRUCE STREET, Philadelphia, PA 19139
Renovated duplex offers two two-bedroom, one-bath units, with one unit rented and the other vacant.
Property Size1,400 SF
Price / SF$267.86
Days on Market10
Property Features for 5310 SPRUCE STREET
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
private front porch
private backyard
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
KW Empower
(215) 268-7764
Listed By:
Angela Coven · License #RS340320
(215) 268-7764
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Aug 1 at 5:42AM
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 KW Empower
Investment Insights
Based on property information with market context.
This renovated duplex includes two separate two-bedroom, one-bath units with updated finishes and comfortable layouts. The upper unit is currently rented, providing immediate rental income for a new owner. The lower unit is vacant and ready for a new owner-occupant or tenant.
The first-floor unit features a private front porch and access to a private backyard, adding usable outdoor space.
With two updated units and separate living spaces, the property is positioned as a turnkey residential income duplex.
The first-floor unit features a private front porch and access to a private backyard, adding usable outdoor space.
With two updated units and separate living spaces, the property is positioned as a turnkey residential income duplex.
Key Highlights
- Renovated duplex built in 1925 in Philadelphia’s Cobbs Creek neighborhood
- Two 2‑bedroom, 1‑bath units with updated finishes and separate living spaces
- Upper unit is currently rented, providing immediate rental income
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 | $36.1k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.1k | $24.38 |
| − OpEx | −$10.2k | −$7.31 |
| NOI | $23.9k | $17.06 |
1,400 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 5.87%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 - Renovated duplex offers two two-bedroom, one-bath units, with one unit rented and the other vacant.
Where is this duplex located?
The property is located at 5310 SPRUCE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Renovated duplex built in 1925 in Philadelphia’s Cobbs Creek neighborhood; Two 2‑bedroom, 1‑bath units with updated finishes and separate living spaces; Upper unit is currently rented, providing immediate rental income
