423 Spruce St

Baths
4,512 Sq. Ft.
$255 / Sq. Ft.
4,512
Sq. Ft.
$255
per Sq. Ft.

Description

Unique opportunity to own a fully occupied 4-unit (quad) multifamily property in the heart of Society Hill, one of Philadelphia's most historic and sought-after neighborhoods. 423 Spruce Street features four spacious 2-bedroom units, each offering strong rental appeal in a high-demand location. This property is 100% occupied, providing immediate cash flow and stability for investors. Units offer well-proportioned layouts and abundant natural light, ideal for long-term tenants seeking the charm and...Unique opportunity to own a fully occupied 4-unit (quad) multifamily property in the heart of Society Hill, one of Philadelphia's most historic and sought-after neighborhoods. 423 Spruce Street features four spacious 2-bedroom units, each offering strong rental appeal in a high-demand location. This property is 100% occupied, providing immediate cash flow and stability for investors. Units offer well-proportioned layouts and abundant natural light, ideal for long-term tenants seeking the charm and convenience of urban living. Located on picturesque Spruce Street, the property also includes a rare 2-car parking gated carport, a highly desirable amenity in Society Hill. Residents enjoy walkable access to Old City, Washington Square, Penn's Landing and Center City, along with top restaurants, boutiques, parks, and public transportation. Society Hill's consistent demand and limited housing supply make this an exceptional opportunity for both seasoned investors and owner-occupants seeking a premier multifamily asset - a lucrative addition to any portfolio in one of Philadelphia's most enduring and desirable neighborhoods.
  1. Listed by Ksenia A Scorsolini • Elfant Wissahickon-Rittenhouse Square
    P: (215)-893-9920 ksenia@ewrhomes.com
  2. Listed by Karrie Gavin • Elfant Wissahickon-Rittenhouse Square
    P: (215)-260-1376 karrie@elfantwissahickon.com

Property Details for 423 Spruce Street

Tax ID Number
051140900
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional, Other
Waterfront
No
Garage
No
Expected On Market Date
01-28-2026
Municipality
PHILADELPHIA
LISTING UPDATED: 03/25/2026 12:01 AM

Property Details for 423 Spruce Street

StatusClosed
MLS #PAPH2572602
Days on Market16
Taxes$19,110 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1850
Lot Size0.05 AC / 2,114 SF
CountyPhiladelphia County

Location

Listing Courtesy of Elfant Wissahickon-Rittenhouse Square

Sold By A La Carte Realty LLC

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Building Information for 423 Spruce Street

Stories-Residences4Year Built1850Building Size-Lot Size0.05 AC / 2,114 SF

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OriginPoint Mortgage or Rocket Mortgage1

$7,383 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,791

Property Taxes

$1,593

HOA Dues

$0

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Property Information for 423 Spruce Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19106 (19106)
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: 2025
  • Tax Assessed Value: $1,365,200
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $1,092,160
  • City Town Tax: $8,408
  • Land Assessed Value: $273,040
  • Clean Green Assessed: No
  • Land Use Code: U60
  • Historic: Yes
  • Zoning: RM1
  • Tax Lot: 186
  • School Tax: $10,701
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Common Area Maintenance, Water
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 1
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 2
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: No
Financial Information
Expenses
  • Insurance Expense: $5,000
  • Trash Expense: $500
Financial Information
  • Annual Rental Income: $102,300
  • Income Includes: Apartment Rentals, Parking
  • Existing Lease Type: Yearly, Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,512.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 21.00 x 103.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 905350
Parking
Parking
  • Type Of Parking: Detached Carport
  • Detached Carport - # of Spaces: 2.0
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: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • 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

Property History for 423 Spruce Street

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Closed

BRIGHT #PAPH2572602

$1,150,000
Feb 11, 2026

Pending

BRIGHT #PAPH2572602

Feb 11, 2026

Active Under Contract

BRIGHT #PAPH2572602

Jan 28, 2026

Listed (Active)

BRIGHT #PAPH2572602

$1,395,000
DateEvent & SourcePrice
03/24/2026

Closed

BRIGHT #PAPH2572602

$1,150,000
02/11/2026

Pending

BRIGHT #PAPH2572602

02/11/2026

Active Under Contract

BRIGHT #PAPH2572602

01/28/2026

Listed (Active)

BRIGHT #PAPH2572602

$1,395,000

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

Public Records for 423 Spruce Street

Taxable ValueLand$273,040Additions$1,092,160Total$1,365,200
Tax Record2025$19,110 ($1,593 / month)
Home Facts
Total Finished SqFt4,512 SqFtAbove Grade Finished SqFt4,512 SqFtStories3Lot Size2,114 SqFtStyleMulti-Family Res (5+ Units)Year Built1850ZoningRM1CountyPHILADELPHIAAPN05-1-1409-00

Schools near 423 Spruce Street

This home is within The School District of Philadelphia.
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

Constitution High School
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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Listing Courtesy of Elfant Wissahickon-Rittenhouse Square

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.