2318 Spruce St
Description
The lobby and common areas have been completely renovated with new tile, wallpaper, light fixtures, moldings, paint, mailboxes and a new top-of-the-line intercom system. The basement level includes 5 private storage units (one per unit), a brand new washer and dryer, a large...Welcome to 2318 Spruce Street, primely located in Fitler Square with easy access to Penn, Drexel, CHOP and HUP. This property offers 5 newly renovated and upgraded rental units on a 20’x 107’ lot— which includes 2 CAR PARKING.
The lobby and common areas have been completely renovated with new tile, wallpaper, light fixtures, moldings, paint, mailboxes and a new top-of-the-line intercom system. The basement level includes 5 private storage units (one per unit), a brand new washer and dryer, a large trash room and an additional flex space that could be rented out for larger storage items or could be converted into a bicycle room. The rear patio has been completely repaved and new stucco has been around the rear of the home. There is access through the rear patio/basement for the parking spaces so tenants with access to the parking do not have to walk around the building to enter. New recessed lighting has been installed throughout the building, and nearly every unit has brand new stainless steel appliances (the ones that aren’t brand new are in excellent working condition).
Unit 1F: 1 Bedroom, 1 Bath — (new kitchen, renovated bath)
Unit 1R: 1 Bedroom, 1 Bath + private outdoor patio (new bath, newly paved patio)
Unit 2F: 1 Bedroom, 1 Bath (new kitchen, renovated bath)
Unit 2R: 1 Bedroom, 2 Bath, Bi-level unit + fireplace (new kitchen, 2 new bathrooms)
Unit 3F: 2 Bedroom, 1 Bath, Bi-level unit w/ private W/D + Private Roof Deck (new bath, new roof + roof deck)
6% cap rate in a prime rental location. Don’t miss out on the chance to seize this opportunity while it lasts!
Listing Agents
![Margaux Pelegrin]()
margaux.pelegrin@compass.comP: (215)-205-2400
![Alison Goldblum]()
alison.goldblum@compass.comP: (215)-432-2490
Property Details for 2318 Spruce Street
Property Details for 2318 Spruce Street
| Status | Closed |
|---|---|
| MLS # | PAPH2074526 |
| Days on Market | 28 |
| Taxes | $12,001 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1870 |
| Lot Size | 0.05 AC / 2,140 SF |
| County | Philadelphia County |
| Buyer's Agent Compensation | 2.5% |
Location
Sold By Keller Williams Philadelphia
Building Information for 2318 Spruce Street
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$10,248 per month
30 year fixed, 6.15% Interest
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1Property Information for 2318 Spruce Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19103 (19103)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2022
- Tax Assessed Value: $857,400
- Year Assessed: 2022
- Improvement Assessed Value: $600,180
- City Town Tax: $5,416
- Land Assessed Value: $257,220
- Clean Green Assessed: No
- Land Use Code: CA0
- Zoning: RM1
- Tax Lot: 155
- School Tax: $6,585
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
- Concessions: No
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 1
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
- Type: Unit 1
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: New kitchen & renovated bath
- Type: Unit 2
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: Private outdoor (newly paved) patio, new bath
- Type: Unit 3
- Beds Total: 1
- Full Baths Count: 1
- Unit Type Features: New kitchen & renovated bath
- Type: Unit 4
- Beds Total: 1
- Full Baths Count: 2
- Unit Type Features: Bi-level unit with fireplace, new kitchen & 2 new bathrooms
- Type: Unit 5
- Beds Total: 2
- Full Baths Count: 1
- Unit Type Features: Bi-level unit with private w/d & new roof + roof deck and new bathroom
- Building Units Total: 4
- Total Finished SQFT: 4,080.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 4,080.00
- Total SQFT: 4,080.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Basement Type: Full, Outside Entrance, Interior Access, Daylight, Full
- Foundation Details: Other
- # Bathrooms Full: 6
- # Bathrooms Half: 0
- Lot Size Source: Assessor
- Lot Size Dimensions: 20.00 x 107.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1411313
- Type Of Parking: Attached Carport, Driveway, Off Street
- Attached Carport - # of Spaces: 2.0
- Carport Spaces Count: 2
- Parking Features: Concrete Driveway, Private
- Fireplaces Count: 0
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C, Ductless/Mini-Split
- Cooling Fuel: Other
- Heating Type: Baseboard - Electric, Forced Air, Other
- Heating Fuel: Electric, Natural Gas, Other
- Hot Water: Other
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Philadelphia Association of REALTORS
Property History for 2318 Spruce Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 27, 2022 | Expired BRIGHT #PAPH1011152 | — | |
| Apr 26, 2022 | Expired BRIGHT #PAPH1010838 | — | |
| Apr 22, 2022 | Closed BRIGHT #PAPH2074526 | $1,897,500 | — |
| Apr 15, 2022 | Closed (Public Record) Public Record #1488734129 | $1,897,500 | — |
| Mar 6, 2022 | Pending BRIGHT #PAPH2074526 | — | |
| Feb 22, 2022 | Price Change BRIGHT #PAPH2074526 | $1,959,000 | — |
| Feb 8, 2022 | Listed (Active) BRIGHT #PAPH2074526 | $1,975,000 | — |
| Jun 18, 2021 | Withdrawn BRIGHT #PAPH1011152 | — | |
| Jun 18, 2021 | Withdrawn BRIGHT #PAPH1010838 | — | |
| Jun 10, 2021 | Active Under Contract BRIGHT #PAPH1011152 | — | |
| Jun 10, 2021 | Active Under Contract BRIGHT #PAPH1010838 | — | |
| Apr 27, 2021 | Listed (Active) BRIGHT #PAPH1011152 | $1,775,000 | — |
| Apr 27, 2021 | Listed (Active) BRIGHT #PAPH1010838 | $1,775,000 | — |
| Jul 29, 1993 | Closed BRIGHT #PAPH448046 | $220,000 | — |
| May 13, 1993 | Pending BRIGHT #PAPH448046 | — | |
| Dec 2, 1992 | Listed (Active) BRIGHT #PAPH448046 | $275,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/27/2022 | Expired BRIGHT #PAPH1011152 | — |
| 04/26/2022 | Expired BRIGHT #PAPH1010838 | — |
| 04/22/2022 | Closed BRIGHT #PAPH2074526 | $1,897,500 |
| 04/15/2022 | Closed (Public Record) Public Record #1488734129 | $1,897,500 |
| 03/06/2022 | Pending BRIGHT #PAPH2074526 | — |
| 02/22/2022 | Price Change BRIGHT #PAPH2074526 | $1,959,000 |
| 02/08/2022 | Listed (Active) BRIGHT #PAPH2074526 | $1,975,000 |
| 06/18/2021 | Withdrawn BRIGHT #PAPH1011152 | — |
| 06/18/2021 | Withdrawn BRIGHT #PAPH1010838 | — |
| 06/10/2021 | Active Under Contract BRIGHT #PAPH1011152 | — |
| 06/10/2021 | Active Under Contract BRIGHT #PAPH1010838 | — |
| 04/27/2021 | Listed (Active) BRIGHT #PAPH1011152 | $1,775,000 |
| 04/27/2021 | Listed (Active) BRIGHT #PAPH1010838 | $1,775,000 |
| 07/29/1993 | Closed BRIGHT #PAPH448046 | $220,000 |
| 05/13/1993 | Pending BRIGHT #PAPH448046 | — |
| 12/02/1992 | Listed (Active) BRIGHT #PAPH448046 | $275,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2318 Spruce Street
Schools near 2318 Spruce Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Greenfield Albert M School PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Creative And Performing Arts Public9 to 12 | ||
Academy At Palumbo 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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.