3800 Spring Garden St, Philadelphia, PA 19104
- $545,000
- 2,499
- SqFt
- List Price
- $545,000
- Days on Market
- 19
- Status
- ACTIVE
- MLS#
- PAPH2662634
- Living Area
- 2,499
- Lot Size (Acres)
- 0.02
- Style
- Other
- Year Built
- 1920
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Income-producing corner triplex in Powelton Village, adjacent to University City. Two units are currently leased, with one unit vacant and ready for a new tenant. At full occupancy, current rents total $3,991 per month, or $47,892 annually. For investors who prefer to self-manage, the estimated cap rate is approximately 6.35% based on current income and normalized expenses. The property consists of one 1-bedroom, 1-bath apartment with a private side patio and two 2-bedroom, 1-bath apartments. All three units have updated bathrooms. Additional features include separate electric meters, shared basement laundry, accessible mechanicals, and one water heater replaced in 2026. Located near Drexel University, University of Pennsylvania, CHOP and Penn Presbyterian Medical Center, with convenient access to public transportation and Center City. The corner location provides additional natural light and a more open feel than a typical interior row property. The property is currently professionally managed. Income, leases and expense information are available upon request.
Additional Information
- Area
- 19104 (19104)
- Subdivision
- Powelton Village
- Taxes
- $7388
- School District
- Philadelphia City
- Heating
- Central
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Flat
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Coldwell Banker Residential Brokerage - Princeton. Contact: 6099211411