4236 Spruce St, Philadelphia, PA 19104

Property Description

Rare opportunity to acquire a fully occupied six-unit multifamily property directly across from Penn Alexander School in one of University City's most desirable residential neighborhoods. 4236 Spruce is surrounded by the University of Pennsylvania, Drexel University, CHOP and HUP, while Baltimore Avenue and the surrounding Spruce Hill neighborhood offer an exceptional collection of restaurants, cafes, bars and neighborhood retail just outside the door. The property combines classic architectural character with a highly desirable location and an attractive six-unit configuration featuring two spacious bi-level three-bedroom apartments, three studios and one two-bedroom apartment. Two rear off-street parking spaces and shared on-site laundry provide additional income. The property's location supports strong and consistent rental demand, while its historic character, tree-lined setting and proximity to University City's major institutions make it particularly appealing to tenants seeking more than a typical apartment building. For investors, the opportunity extends beyond the existing income. The property is fully occupied today, while targeted cosmetic improvements and thoughtful rent optimization offer a straightforward path to increasing rents and overall value over time - without requiring a major repositioning. A rare combination of location, character, occupancy, parking, ancillary income and value-add potential in one of West Philadelphia's strongest rental submarkets.