3800 Spring Garden St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
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.
Details
| MLS # | PAPH2662634 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 26 |
| Listing Provided By | Coldwell Banker Residential Brokerage - Princeton | Margaret McCain |
Features
| SQ Feet | 2,499 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.02 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7388 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | POWELTON VILLAGE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in POWELTON VILLAGE) | |
Price: $545,000 low | high Med: $3,500 sqft: 2,499 low | high Med: 2,493 $ / sqft: $218 low | high Med: $1 On site: 26 low | high Med: 147 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | POWELTON VILLAGE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in POWELTON VILLAGE) | |
Price: $545,000 low | high Med: $3,500 sqft: 2,499 low | high Med: 2,493 $ / sqft: $218 low | high Med: $1 On site: 26 low | high Med: 147 | |
