5948 Spruce Street
Philadelphia, PA 19139
- – beds
- – baths
- 1,980 sqft
- 2,000 sqft lot
- $226 per sqft
- 1965 build
Fully Renovated Duplex – Ideal Investment or First-Time Buyer Opportunity - Whether you're a savvy investor or a first-time buyer looking to offset your mortgage by living in one unit and renting out the other unit, this is the perfect opportunity! This brand new, fully renovated duplex offers two spacious 3-bedroom units, each featuring: 1) Mini-Split Systems: Individual air conditioning and heating systems in every room, ensuring optimal comfort year-round. 2) Modern Amenities: New kitchens with quartz countertops, brand-new appliances (dishwasher, refridgerator, microwave, oven), and sleek new bathrooms. 3) Convenience: Washer/dryer in each unit, separate electrical boxes, and open concept layouts in each unit! 4) Upgrades: New roof, plumbing, electric (200-amp service), recessed lighting, wide plank flooring, and new windows. 5) Legal and Approved: All work approved by the City of Philadelphia, ensuring this is a legal duplex. 6) Parking Potential: Property is block to block and features a curb cut out back for possible parking in the rear. 7) Income Potential: With an estimated total annual rent of $44,400 ($1,850/unit) and a cap rate of 9.8%, this property offers great investment potential. Unit 1 also has access to the huge unfinished basement for additional storage as well as the private back patio. Stop by one of two open houses on 3/22 and 3/23 to see this beautiful property in person!
Last checked:
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Last updated Mar 19, 2025
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MLS# PAPH2456576 —
Upcoming Open Houses
-
Saturday, 3/22
1pm-2:30pm -
Sunday, 3/23
1pm-2:30pm
The Building
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Year Built:1965
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:2
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional, Straight Thru
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Accessibility Features:None
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Foundation Details:Other
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:1980
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1980
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Living Area SqFt:1,980 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:FHA, Cash, Conventional, VA
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Possession:0-30 Days CD, 31-60 Days CD, Immediate
Location
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Directions:Enter into GPS
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Latitude:39.95625300
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Longitude:-75.24144700
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.05
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Lot Size Source:Assessor
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Lot Size Dimensions:20.00 x 100.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,000 Sqft
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Inclusions:Washer, dryer, dishwashers, refridgerators in all units.
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R30
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 937-7122
- Office phone:
- (610) 647-8300
Taxes
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Tax ID Number:032002300
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Tax Year:2024
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Tax Lot:9088
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Tax Annual Amount:$1,212
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Tax Assessed Value:$86,600
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Year Assessed:2025
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School Tax:678.0
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City/Town Tax:533.00
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Total Taxes Payment Frequency:Annually
The Listing
Heating & Cooling
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Cooling Type:Ductless/Mini-Split
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Other
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:9.80
Parking
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Total Garage and Parking Spaces:2
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Garage:No
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Type of Parking:On Street, Off Street
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Parking Features:Unpaved
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Off Street - # of Spaces:2
Extra Units
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Vacation Rental:No
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Three Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/18/25
Mar 18, 2025
|
Listed / Active | BRIGHT | $449,000 |
