520 Spruce St, Philadelphia, PA 19106
Local realty services provided by:ERA Reed Realty, Inc.
520 Spruce St,Philadelphia, PA 19106
$1,250,000
- 8 Beds
- - Baths
- 2,508 sq. ft.
- Multi-family
- Active
Listed by:frank l defazio
Office:bhhs fox & roach-center city walnut
MLS#:PAPH2543234
Source:BRIGHTMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$498.41
About this home
Location, Location, Location! Welcome to 520 Spruce Street, a charming and spacious triplex in the heart of Society Hill, one of Philadelphia’s most desirable neighborhoods. This historic property features three distinct residences, each blending modern updates with timeless character.
Unit 1 (First Floor & Lower Level): Bilevel 3-bedroom, 2-bathroom residence with private entrance. Currently leased for $3,225/month through 8/31/26. Unit 2 (Second Floor): 2-bedroom, 1-bathroom apartment, leased for $2,150/month through 10/30/26. Unit 3 (Third & Fourth Floors): Spacious bilevel 3-bedroom, 3-bathroom residence. Currently leased for $3,250/month through 7/31/26.
In total, the property generates $8,625/month or $103,500 annually in gross rental income, making it an excellent opportunity for both investors and owner-occupants. Each unit has been recently upgraded with modern kitchens, while preserving historic details such as high ceilings, original fireplaces, and classic woodwork. Every residence also enjoys private outdoor space, perfect for taking in the serene, tree-lined views of Society Hill. Situated steps from Independence Hall, the Liberty Bell, Washington Square Park, world-class dining, and charming boutiques, this property offers unmatched access to Philadelphia’s cultural and historic landmarks. Commuting is effortless with quick access to I-95, I-676, I-76, SEPTA bus routes, subway, and regional rail. 520 Spruce Street offers the perfect blend of historic charm, modern amenities, and strong rental income in one of Philadelphia’s premier neighborhoods, a true gem for any investor or future owner.
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Home facts
- Year built:1850
- Listing ID #:PAPH2543234
- Added:4 day(s) ago
- Updated:October 06, 2025 at 01:37 PM
Rooms and interior
- Bedrooms:8
- Living area:2,508 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Year built:1850
- Building area:2,508 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$498.41
- Tax amount:$12,789 (2025)
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