Exceptional investment opportunity in the heart of University City! This impressive multifamily property features 2 separate units, each offering 4 bedrooms and 2 full bathrooms, for a total of 8 bedrooms and 4 full bathrooms across approximately 3,780 square feet of living space. Built on a solid stone and brick foundation and recently renovated, the property combines classic Philadelphia architecture with modern upgrades, creating an attractive and functional living space for tenants. Each unit offers spacious bedrooms, updated kitchens and baths, and thoughtfully designed layouts that maximize comfort and usability. Ideally located just steps from University of Pennsylvania, Drexel University, Penn Medicine, this property sits in one of Philadelphia’s strongest and most consistent rental markets. Its proximity to major universities, public transportation, restaurants, cafes, and neighborhood amenities makes it highly desirable for students, faculty, medical professionals, and long-term tenants alike. With two well-configured units and strong rental demand in the surrounding area, 4320 Spruce Street presents an outstanding opportunity for investors seeking reliable cash flow and long-term appreciation. The property also offers flexibility for owner-occupants looking to live in one unit while renting the other, or investors exploring short-term rental potential (subject to local regulations).
For sale
Price cut: $40K (6/9)
$1,150,000
4320 Spruce St, Philadelphia, PA 19104
8beds
--baths
3,780sqft
Duplex
Built in 1925
-- sqft lot
$1,094,300 Zestimate®
$304/sqft
$-- HOA
What's special
Modern upgradesTwo well-configured unitsUpdated kitchens and bathsClassic philadelphia architectureTwo separate unitsSpacious bedrooms
- 172 days |
- 515 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Mike Fabrizio 609-221-7123,
RE/MAX Access 2154002600
Source: Bright MLS,MLS#: PAPH2590474
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,780
- Total interior livable area: 3,780 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,363 Square Feet
- Dimensions: 23.00 x 105.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 272044100
- Zoning: RTA1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Duplex
Materials
- Masonry
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1925
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Spruce Hill
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $304/sqft
- Tax assessed value: $1,370,100
- Annual tax amount: $19,178
- Date on market: 3/5/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Zestimate®
$1,094,300
Estimated sales range
$1.04M - $1.15M
Rent Zestimate®
$1,895/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for rent | $1,100+10% |
Source: Bright MLS #PAPH2637766 Report a problem | ||
| 6/9/2026 | Price change | $1,150,000-3.4%$304/sqft |
Source: | ||
| 4/25/2026 | Price change | $1,190,000-4.8%$315/sqft |
Source: | ||
| 4/6/2026 | Price change | $1,250,000-3.5%$331/sqft |
Source: | ||
| 3/5/2026 | Listed for sale | $1,295,000+12.6%$343/sqft |
Source: | ||
| 9/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/27/2023 | Price change | $1,000+25% |
Source: Zillow Rentals Report a problem | ||
| 8/1/2023 | Price change | $800-69.2% |
Source: Zillow Rentals Report a problem | ||
| 7/31/2023 | Price change | $2,600-25.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/27/2023 | Price change | $3,500-7.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/27/2023 | Listed for rent | $3,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/2/2022 | Sold | $1,150,000-3.4%$304/sqft |
Source: | ||
| 5/13/2022 | Pending sale | $1,190,000$315/sqft |
Source: | ||
| 4/23/2022 | Contingent | $1,190,000$315/sqft |
Source: | ||
| 2/18/2022 | Listed for sale | $1,190,000+107%$315/sqft |
Source: | ||
| 9/30/2020 | Sold | $575,000-9.4%$152/sqft |
Source: Public Record Report a problem | ||
| 7/9/2020 | Listed for sale | $635,000$168/sqft |
Source: Compass Pennsylvania, LLC #PAPH906618 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,179 +143.7% | $1,370,100 +143.7% |
| 2024 | $7,868 | $562,100 |
| 2023 | $7,868 +85.1% | $562,100 |
| 2022 | $4,251 | -- |
| 2021 | $4,251 -39.1% | -- |
| 2018 | $6,984 +8.7% | -- |
| 2017 | $6,424 +24% | -- |
| 2016 | $5,179 +19.9% | -- |
| 2015 | $4,318 | -- |
| 2014 | $4,318 -33.3% | $513,400 +1928.3% |
| 2012 | $6,478 | $25,312 |
| 2011 | -- | $25,312 |
| 2010 | -- | $25,312 |
| 2009 | -- | $25,312 |
| 2008 | -- | $25,312 |
| 2007 | -- | $25,312 +7.5% |
| 2006 | -- | $23,552 |
| 2005 | -- | $23,552 |
| 2004 | -- | $23,552 |
| 2003 | -- | $23,552 |
| 2002 | -- | $23,552 |
| 2000 | -- | $23,552 |
| 1999 | -- | $23,552 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Spruce Hill
Nearby schools
GreatSchools rating
- 10/10Penn Alexander SchoolGrades: K-8Distance: 0.1 mi
- 3/10West Philadelphia High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: West Philadelphia
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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