Pending

MLS: #PAPH2662056, Listed By: Nile Thompson, KW Commercial, Source:Bright MLS

2402 Spruce Street

PHILADELPHIA, PA 19103
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Bed 3

Bed

Bath 0

Bath

SqFt3,294

Sqft

Acres0.03

Acre(Lot)

Located at 24th & Spruce in highly desirable Fitler Square, this property is a 6-unit multifamily asset consisting of three studio apartments and three one-bedroom/one-bath apartments. The building contains approximately 3,294 SF, five units have already been renovated and one unit is actively being renovated, which will be completed within the next couple of weeks. This asset provides an investor with a well-located, stabilized Center City asset with limited near-term capital requirements. The location is one of the property's strongest investment attributes. Residents are within blocks of Fitler Square, Schuylkill River Park and the Schuylkill River Trail, while also enjoying convenient access to Rittenhouse Square, University City, the University of Pennsylvania, Penn Medicine, Childr en's Hospital of Philadelphia, 30th Street Station, restaurants, retail, cafés and Center City's major employment centers. The combination of walkability, access to employment and institutional anchors, neighborhood amenities and limited multifamily inventory makes this section of the 19103 ZIP code particularly attractive to renters and long-term investors. 2402 Spruce is offered at $1,200,000, with current gross rents of approximately $100,572 and NOI of approximately $71,499, equating to an approximately 5.97% cap rate. With the other two properties in the original portfolio already under contract, 2402 Spruce represents the final opportunity to acquire a renovated small multifamily asset in one of Center City's most sought-after residential neighborhoods.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 89804086

MLS Id : PAPH2662056

Beds : 3

Lot Size : 0.03 Acre

Living Area Size : 3,294 Sq. Ft

Tax Amount : $12,903

Year Built : 1910

County : PHILADELPHIA

Subdivision: Fitler Square

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Map

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Feature Features

  • Bedroom Information

    Total beds: 3
  • Interior Features

    Appliances: Gas Water Heater Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Baseboard Has Cooling: Yes Cooling: Central Air, Window Unit(s), Electric

  • Building Information

    Year Built: 1910 Building Area Total: 3294 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 17.00 x 80.00 Lot Size Acres: 0.03 Lot Size Source: Estimated Lot Size Square Feet: 1360

    Property Information

    Subdivision: FITLER SQUARE Source Property Type: Residential Income Postal Code Plus 4: 6452 Property SubType: Townhouse Property Age: 116

  • Listing Price Information

    Listing Price: $1200000

  • Tax Information

    Parcel Number: 881526300 Tax Lot: 231 Tax Year: 2026 Annual Tax: $12903

  • Parking Information

    None

  • Location Information

    Direction: Use GPS WaterSource: Public
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ByOwner last updated this listing 10/12/2026 @ 16:33

MLS: PAPH2662056 LISTED BY: Nile Thompson, KW Commercial 215-664-1091 SOURCE: Bright MLS

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