Financial
Distress signals
Property profile

1932 Spruce St Philadelphia, PA 19103

OFF-MARKET
Other apartment buildings
Property ID
US73-0225194
4,001 SF 0.04 ac lot Built 1890
Last sale Nov 2023 · $1,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A six-unit apartment building located at 1932 Spruce St in Philadelphia’s Rittenhouse area, consisting of two studio units, three one-bedroom units, and one two-bedroom unit. The building configuration includes two residences with outdoor space. The property is situated in proximity to Rittenhouse Square, 30th Street Station, the University of Pennsylvania, Drexel University, Fitler Square, Schuylkill Parks, and nearby dining.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$1.14M
Assessed land$341k
Assessed improvement$796k
Effective rate1.40%

Value estimate

· Sep 2026
$1.96M
$1.76M – $2.16M
AI approach$1.92M
Submarket $/SF estimate$1.98M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$452/SF
ZIP average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$322 – $573
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM1
The Residential Multi Family districts are primarily intended to accommodate moderate to high density, multi unit residential buildings i...
General categoryRESIDENTIAL
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.1
Electrical Service7.9
Tanning Salon7.8

Location

1932 Spruce St Philadelphia, PA 19103-6683
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
232 21st, Philadelphia, PA 19103-4831 $1,160,000 May 2025 3,772 SF
256 21st, Philadelphia, PA 19103-4858 $3,400,000 Sep 2022 4,030 SF
254 21st, Philadelphia, PA 19103-4846 $3,400,000 Sep 2022 3,710 SF
2232 Locust, Philadelphia, PA 19103 $3,400,000 Sep 2022 4,450 SF
2027 Pne, Philadelphia, PA 19103-6583 $1,800,000 Sep 2022 4,305 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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