3800 SPRING GARDEN Street
Property Description
Income-producing corner triplex in Powelton Village, adjacent to University City. Two units are currently leased, with one unit vacant and ready for a new tenant. At full occupancy, current rents total $3,991 per month, or $47,892 annually. For investors who prefer to self-manage, the estimated cap rate is approximately 6.35% based on current income and normalized expenses. The property consists of one 1-bedroom, 1-bath apartment with a private side patio and two 2-bedroom, 1-bath apartments. All three units have updated bathrooms. Additional features include separate electric meters, shared basement laundry, accessible mechanicals, and one water heater replaced in 2026. Located near Drexel University, University of Pennsylvania, CHOP and Penn Presbyterian Medical Center, with convenient access to public transportation and Center City. The corner location provides additional natural light and a more open feel than a typical interior row property. The property is currently professionally managed. Income, leases and expense information are available upon request.
Broker Details
Coldwell Banker Residential Brokerage 609-921-1411
MLS ID: 3269967 State License Number: RS363819
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $545,000 |
| No. of Units: | 3 |
| Year Built: | 1920 |
| Lot Size: | 2,499.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $181,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2662634
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
503-525 Albany Street
Little Falls, New York
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout