UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,499 sqft
Price per Sqft $255
Subdivision Powelton Village
MLS Listing ID PAPH2540174
Style Other
Abv Grd Liv Area 2,499
Year Built 1920
Annual Tax Amount $7,298
Tax Year 2025
Lot Size 928 Sqft
Acres 0.02
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Welcome to 3800 Spring Garden Street, a fully occupied corner triplex in the heart of Powelton Village / University City, one of Philadelphia's most dependable and high-demand rental corridors. Surrounded by Drexel University, the University of Pennsylvania, CHOP, and Presbyterian Hospital, this location supports consistent tenant demand and long-term rental stability.
The property is fully leased with reliable tenants in place and offers immediate income from day one. Based on current rents and expenses, the building operates at an approximate 5%+ cap rate, making it a stabilized, income-producing asset well suited for buy-and-hold investors.
Each unit features efficient layouts and updated bathrooms. The building includes separate electric meters, shared basement laundry, and accessible basement mechanicals, allowing for straightforward management and controlled operating costs.
Property Highlights:
• Fully occupied with consistent rent collection
• Approx. 5%+ cap rate based on current income
• Updated bathrooms in all units
• Unit 1: One bedroom, one bath with private side patio
• Unit 2: Two bedroom, one bath
• Unit 3: Two bedroom, one bath
• Separate electric meters
• Shared basement laundry
• Accessible mechanicals for ease of service
Powelton Village continues to show strong rental performance with upside potential through future rent growth. This property offers stable cash flow today with the opportunity to enhance returns over time.
An excellent opportunity for investors seeking immediate income, minimal turnover, and long-term value in a proven Philadelphia rental market.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Rooms
Basement Other
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2499
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 241203600
Ownership Fee Simple
SqFt Source 2499
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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