3607 Spring Garden St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:ERA Byrne Realty
3607 Spring Garden St,Philadelphia, PA 19104
$1,500,000
  • 17 Beds
  • - Baths
  • 4,000 sq. ft.
  • Multi-family
  • Active
Listed by: saam tashayyod
Office: trophy commercial real estate llc.
MLS#:PAPH2673880
Source:BRIGHTMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$375

About this home

We are pleased to present 3607 Spring Garden Street, a six-unit multifamily investment opportunity located in Philadelphia. Offered at $1,500,000, the property was built in 2018 and totals approximately 4,950 rentable square feet, with an average unit size of approximately 825 square feet. The property features a highly differentiated unit mix consisting of five three-bedroom / three-bathroom residences and one two-bedroom / two-bathroom residence. Current rents range from $1,500 to $2,010 per month, generating $11,250 in monthly scheduled rent and $135,000 in annual Gross Scheduled Rent. The asset generates $107,197 in current Net Operating Income, representing a 7.15% going-in capitalization rate at the asking price. Year 1 underwriting projects Gross Scheduled Rent of $141,750 and NOI of $113,288, resulting in a 7.55% Year 1 capitalization rate. At approximately $250,000 per unit and $303.03 per rentable square foot, 3607 Spring Garden Street provides investors with immediate...

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Home facts

  • Year built:2018
  • Listing ID #:PAPH2673880
  • Added:4 day(s) ago
  • Updated:September 28, 2026 at 01:56 PM

Rooms and interior

  • Bedrooms:17
  • Rooms Total:6
  • Basement:Yes
  • Living area:4,000 sq. ft.

Heating and cooling

  • Cooling:Central A/C, Multi Units
  • Heating:Electric

Structure and exterior

  • Year built:2018
  • Building area:4,000 sq. ft.
  • Lot area:0.06 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry

Schools

  • High school:SAMUEL S. FELS

Utilities

  • Water:Private

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$375
  • Tax amount:$2,136 (2026)

Parking

  • Parking description:On Street

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