3800 Spring Garden St, Philadelphia, PA 19104
Local realty services provided by:ERA Liberty Realty
3800 Spring Garden St,Philadelphia, PA 19104
$638,000
- 5 Beds
- - Baths
- 2,499 sq. ft.
- Multi-family
- Active
Listed by: margaret mccain
Office: coldwell banker residential brokerage - princeton
MLS#:PAPH2540174
Source:BRIGHTMLS
Price summary
- Price:$638,000
- Price per sq. ft.:$255.3
About this home
Turnkey Corner Triplex in Powelton Village – 5%+ Cap Rate | Fully Leased
Welcome to 3800 Spring Garden Street, a fully occupied corner triplex in the heart of Powelton Village / University City, one of Philadelphia’s most dependable and high-demand rental corridors. Surrounded by Drexel University, the University of Pennsylvania, CHOP, and Presbyterian Hospital, this location supports consistent tenant demand and long-term rental stability.
The property is fully leased with reliable tenants in place and offers immediate income from day one. Based on current rents and expenses, the building operates at an approximate 5%+ cap rate, making it a stabilized, income-producing asset well suited for buy-and-hold investors.
Each unit features efficient layouts and updated bathrooms. The building includes separate electric meters, shared basement laundry, and accessible basement mechanicals, allowing for straightforward management and controlled operating costs.
Property Highlights:
• Fully occupied with consistent rent collection
• Approx. 5%+ cap rate based on current income
• Updated bathrooms in all units
• Unit 1: One bedroom, one bath with private side patio
• Unit 2: Two bedroom, one bath
• Unit 3: Two bedroom, one bath
• Separate electric meters
• Shared basement laundry
• Accessible mechanicals for ease of service
Powelton Village continues to show strong rental performance with upside potential through future rent growth. This property offers stable cash flow today with the opportunity to enhance returns over time.
An excellent opportunity for investors seeking immediate income, minimal turnover, and long-term value in a proven Philadelphia rental market.
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Home facts
- Year built:1920
- Listing ID #:PAPH2540174
- Added:327 day(s) ago
- Updated:February 25, 2026 at 02:44 PM
Rooms and interior
- Bedrooms:5
- Living area:2,499 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:2,499 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$638,000
- Price per sq. ft.:$255.3
- Tax amount:$7,298 (2025)
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