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Listed by Michael McCann • KW Empower
$ 1,850,000
Est. payment /mo
New
2029 SPRUCE ST Philadelphia, PA 19103
1,824 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Fitler Square
MLS Listing ID PAPH2640888
Year Built 1890
Annual Tax Amount $17,497
Tax Year 2025
Lot Size 1,824 Sqft
Acres 0.04
Lot Dimensions 19.00 x 96.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rarely available Fitler Square brownstone offering a blue chip long-term investment opportunity in one of Philadelphia's most desirable neighborhoods. Situated on a 19' x 96' lot, this seven-unit property consists of three one-bedroom apartments, three studios, and one two-bedroom apartment.
Most units have been updated over the past decade and feature separate split-zone electric heating and cooling. Tenants pay their own electric and cooking gas, while ownership is responsible for water, sewer, and gas hot water (Except Unit 1 with electric hot water heating - tenant responsible). Laundry is available in the building or in-unit.
Rent Roll:
1F: 2 Bed / 1 Bath – $2,575 (Lease Exp. 7/28/26)
1R: Studio / 1 Bath – $1,475 (Lease Exp. 6/27/27)
2F: 1 Bed / 1 Bath – $1,825 (Lease Exp. 6/27/27)
2R: Studio / 1 Bath – $1,575 (Lease Exp. 6/27/27)
3F: 1 Bed / 1 Bath – $1,995 (Lease Exp. 6/27/27)
3R: Studio / 1 Bath – $1,295 (Lease Exp. 6/27/27)
4: 1 Bed / 1 Bath – $1,645 (Lease Exp. 6/27/27)
Current annual operating expenses are approximately $30,261.54, resulting in a Net Operating Income (NOI) of approximately $118,358.46. See the documents section for more details.
Schedule your showing today!
Most units have been updated over the past decade and feature separate split-zone electric heating and cooling. Tenants pay their own electric and cooking gas, while ownership is responsible for water, sewer, and gas hot water (Except Unit 1 with electric hot water heating - tenant responsible). Laundry is available in the building or in-unit.
Rent Roll:
1F: 2 Bed / 1 Bath – $2,575 (Lease Exp. 7/28/26)
1R: Studio / 1 Bath – $1,475 (Lease Exp. 6/27/27)
2F: 1 Bed / 1 Bath – $1,825 (Lease Exp. 6/27/27)
2R: Studio / 1 Bath – $1,575 (Lease Exp. 6/27/27)
3F: 1 Bed / 1 Bath – $1,995 (Lease Exp. 6/27/27)
3R: Studio / 1 Bath – $1,295 (Lease Exp. 6/27/27)
4: 1 Bed / 1 Bath – $1,645 (Lease Exp. 6/27/27)
Current annual operating expenses are approximately $30,261.54, resulting in a Net Operating Income (NOI) of approximately $118,358.46. See the documents section for more details.
Schedule your showing today!
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning RM1
Interior
Hot Water Electric, Natural Gas
Heating Heat Pump(s)
Cooling Ductless/Mini-Split
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881545100
Ownership Fee Simple
Special Listing Condition Standard
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Miguel C Martinez
Owner | License ID: 0225072428