Multifamily Property with Separate
5701 SPRUCE Street, Philadelphia, PA 19139
For Sale
New
$325,000
Multi-Family, PHILADELPHIA, PA
Property Size1,560 SF
Lot Size0.03 Acres
Price / SF$208.33
Days on Market1
Property Features for 5701 SPRUCE Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Better Homes Realty Group
Listed By:
Michael Cirillo · License PA RM423301
(215) 938-7800
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# PAPH2690602
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.
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Investment Insights
Based on property information with market context.
This 1,560-square-foot masonry and brick multifamily property was built in 1925 and includes multiple residential accommodations. The described layout includes two one-bedroom apartments, a studio apartment in a detached rear building, and an upper-level short-term rental arrangement with four private rooms and a shared bathroom. The studio includes a living and sleeping area, kitchen, and full bathroom; a separate storage area sits above it. Interior features include wood floors, a dining area, and stall-shower bathrooms.
The property occupies a 0.0347-acre lot in Philadelphia. Separate entrances serve the main residence and the lower-level apartment, while the detached studio has its own building. Heating is forced air; cooling includes window units and ceiling fans. On-street parking is listed.
The property occupies a 0.0347-acre lot in Philadelphia. Separate entrances serve the main residence and the lower-level apartment, while the detached studio has its own building. Heating is forced air; cooling includes window units and ceiling fans. On-street parking is listed.
Key Highlights
- 1,560 square feet on a 0.0347‑acre lot
- Built in 1925; masonry and brick construction
- Two one‑bedroom apartments, a studio apartment, and four private short‑term rental rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,621
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,420
$532.4K
Cap Rate 7%
$380,300
$380.3K
Cap Rate 9%
$295,789
$295.8K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$40.2K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$38.0K $24.38/SF
− OpEx
−$11.4K −$7.31/SF
NOI
$26.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,420
Cap Rate 7%
$380,300
Cap Rate 9%
$295,789
Alternative Uses
Best Use
Multifamily LT 5
$380.3K
$332.8K – $443.7K
NOI $26,621 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 7.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,048
Businesses Nearby
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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
$118,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Philadelphia, PA
Properties on Market for Multifamily properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The layout combines apartment living areas with a detached studio and a room-based short-term rental operation.
Where is this multifamily property located?
The property is located at 5701 SPRUCE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,560 square feet on a 0.0347‑acre lot; Built in 1925; masonry and brick construction; Two one‑bedroom apartments, a studio apartment, and four private short‑term rental rooms
