1223 Spruce Street

Philadelphia, PA 19107

$1,500,000
Price
Beds
3,455 Sq. Ft.
$434 / Sq. Ft.
3,455
Sq. Ft.
$434
per Sq. Ft.

Description

WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880’s converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENN’s Pennsylvania Hospital systems), professional employment centers (Financial & Law Office...WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880’s converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENN’s Pennsylvania Hospital systems), professional employment centers (Financial & Law Office corridor) , U of the Arts and hubs for public transit (both major subway lines, bus routes, trolleys and biking lanes). Walk & Transit Score of 100 & a Bike score of 91! In addition, this property has untapped potential for even more interior square footage in the basement, on the 4th floor (currently a double height living space) & the rear of the building for expansion on the second & third floors, vastly increasing value and income. Property is maintained with recent upgrades to the heating system, new hot water heaters, new windows where needed. Currently fully occupied and a proforma with all income & expenses, and other details is attached. Please reach out for further information & details.
  1. Listed by Vasili G Barbounis • KW Empower
    P: 2154391002 vasili@centercitylistings.com

Property Details for 1223 Spruce Street

Tax ID Number
881518600
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Total Parking Spaces
0

Location

Listing Courtesy of KW Empower
Add your commute
LISTING UPDATED: 05/21/2024 09:37 AM

Property Details for 1223 Spruce Street

StatusActive
MLS #PAPH2208230
Days on Market460
Taxes$11,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1880
Lot Size0.04 AC / 1,927 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower
Add your commute

Building Information for 1223 Spruce Street

Stories-Residences4Year Built1880Building Size-Lot Size0.04 AC / 1,927 SF

Payment Calculator

$9,159 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$973

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1223 Spruce Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19107 (19107)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $834,000
  • Year Assessed: 2023
  • Improvement Assessed Value: $583,800
  • City Town Tax: $5,268
  • Land Assessed Value: $250,200
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: CMX1
  • Tax Lot: 104
  • School Tax: $6,405
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,455.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 22.00 x 89.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1411228
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Other
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.centercitylistings.com

Property History for 1223 Spruce Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1223 Spruce Street

Taxable ValueLand$250,200Additions$583,800Total$834,000
Tax Record2023$11,674 ($973 / month)
Home Facts
Total Finished SqFt3,455 SqFtAbove Grade Finished SqFt3,455 SqFtStories3Lot Size1,927 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningCMX1CountyPHILADELPHIAAPN88-1-5186-00

Schools near 1223 Spruce Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Academy At Palumbo
Public9 to 12

Creative And Performing Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1223 Spruce Street is a multi-family home for sale in Philadelphia, PA 19107. This property was listed for sale on February 28, 2023 by KW Empower, it's currently listed at $1,500,000. It has been on the market for a total of 460 days and was last sold on January 24, 2005. This listing's school district is Philadelphia City School District. Nearby schools include McCall Gen George A School, Franklin Benjamin High School and Academy At Palumbo. 1223 Spruce Street is a 0-bed, 0-bath, 3,455 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.