1113-1115 Spruce St - Apartments FOR SALE


Philadelphia, PA 19107- Midtown Village
$3,115,000 USD
267-934-8345
1113-1115 Spruce St, Philadelphia, PA for Sale
$3,115,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

1113-1115 Spruce St
Philadelphia, PA 19107
Midtown Village


HIGHLIGHTS

  • Prime Center City Location – Steps from Independence and City Hall; premier dining, shopping, and transit nearby.
  • 15-Unit Multifamily Asset – 7,950 SF, RM-1 zoning, well-maintained, strong tenant demand.
  • Strong Income & Upside – 6.00% cap, 13.35 GRM, below-market rents offer NOI growth potential.
  • Historic Meets Modern – Built in 1899 with preserved charm and updated systems that appeal to today’s urban renters.
  • Investment-Ready – Low operating expenses, strong occupancy history, and prime location in a supply-constrained rental submarket.

OVERVIEW

LOCATION DESCRIPTION Situated in the heart of Center City, this location blends historic charm with modern convenience. Within walking distance are iconic landmarks such as the Liberty Bell, Independence Hall, and City Hall, along with premier dining, retail, and entertainment. Excellent public transportation connects the neighborhood to Philadelphia’s business and cultural districts. This combination of accessibility, prestige, and vibrancy makes it a proven driver of rental demand and long-term property value. Other Available Properties: https://www.loopnet.com/Listing/1113-1115-Spruce-St-Philadelphia-PA/36175031/ https://www.loopnet.com/Listing/319-S-12th-St-Philadelphia-PA/36177097/ https://www.loopnet.com/Listing/238-S-22nd-St-Philadelphia-PA/36177193/ https://www.loopnet.com/Listing/Mix-Use-Building-with-Townhouse/36376035/

FOR SALE DETAILS

PRICE

$3,115,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

15

PRICE/UNIT

$207,667

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 units multi-family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CMX1

APN/PARCEL ID

881007915

ASK ABOUT THIS PROPERTY

Tao YunAcre Real Estate Group LLCMore Info
267-934-8345

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Tao YunAcre Real Estate Group LLCMore Info
267-934-8345

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.