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Qualified investors have the opportunity to acquire the fee simple interest in 1937 Spring Garden Street, a well-located multifamily asset in the heart of Philadelphia's Fairmount-Art Museum neighborhood. The property consists of five apartment units, offering a desirable mix of three (1-bedroom) and two (3-bedroom) floor plans. This property presents new ownership with the potential to implement a light value-add strategy, upgrading select unit interiors to capture rent premiums and better align with top-market comps in the area. Ideally situated in a walkable, amenity-rich location, 1937 Spring Garden appeals to tenants seeking proximity to local restaurants, coffee shops, museums, nightlife, and green spaces like the Schuylkill River Trail and Martin Luther King Drive. The asset also benefits from excellent transit access, minutes from I-76, 676, and I-95, and just 0.5 miles from the Spring Garden SEPTA Station on the Broad Street Line, providing direct service from Fern Rock to the Philadelphia Sports Complex. This is a rare opportunity to acquire a classic brownstone multifamily property in a highly regarded, supply-constrained submarket, with significant upside through targeted capital improvements.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/18/2025 |
|---|---|---|---|
| TRACT | SPRING GARDEN | YEAR BUILT | 1900 |
| COMMUNITY | 19130 (19130) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19130 (19130) |
| HEAT | Forced Air, Natural Gas |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 20.00 x 90.00 |
| PARKING | On Street |
| SEWER | Septic Tank, Public Sewer |
| SUBDIVISION | SPRING GARDEN |
| TAXES | 13334 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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