New - 4 days on Rocket
Ara J Cheftalian, Listing Office: Urban Realty Corporation
Property details
About 5320 Spruce St
Prime Investment Opportunity in Cobbs Creek – Build a Multi-Unit Income Property! Welcome to an exceptional vacant lot with an approved variance for a two-unit building. Located in the vibrant Cobbs Creek neighborhood, this property offers tremendous flexibility and income potential for investors or homeowners alike. Property Highlights: Unit 1 (First Floor): Spacious 2-bedroom, 1-bathroom apartment. Ideal for comfortable living or renting to generate immediate income. Unit 2 (Bi-Level, Second & Third Floors): Stunning 3-bedroom, 2-bathroom apartment with plenty of space and privacy. Perfect for a larger family or high-end rental. Multiple Options: Live in one unit and rent out the other, rent both for steady cash flow, or take advantage of the opportunity to convert them into individual condos and sell for a premium. Location Perks: Just steps away from the 42 Bus line, offering a quick 10-minute ride to University of Pennsylvania and the Hospital of the University of Pennsylvania (HUP). Easy access to local amenities, parks, and shops in the Cobbs Creek area. This is a rare chance to build in an appreciating neighborhood and design your perfect income-generating property. Whether you're looking to hold for rental income or sell as condos, this property has endless potential. Don’t miss out on this incredible opportunity!
Highlights
Home typeVacant Land
StatusActive
(ACTIVE)
(ACTIVE)
Lot size0.03 Acres
MLS #PAPH2408086
Summary
- MLS Number: PAPH2408086
- MLS Name: BRIGHT
- Office Name: Realty ONE Group Focus
- Office Phone: (484) 500-1681
- Office Email: stacey@rogfocus.com
- Listing Agent: Malik T Carter
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$75,000
5320 Spruce St
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2020 | $0 | $204 |
| 2019 | $14,600 | $204 |
| 2018 | $14,600 | $204 |
| 2017 | $14,600 | $204 |
History based on county public records data.
Nearby schools
3
Universal Institute Charter School at Bluford
Public Charter KG-6
1.4 mi
•5801 Media St
3
Stonehurst Hills Elementary School
Public District KG-5
1.6 mi
•7051 Ruskin Ln
3
Inquiry Charter School
Public Charter PK-5
1.6 mi
•1301 Belmont Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,135. The most common annual income of people living in Philadelphia, PA is less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
62%
<35k
31%
35k-100k
5%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
26%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
38%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Little Caesars
What do the neighbors drive?
Kia
Nissan
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5320 Spruce St
This home is located at 5320 Spruce St in Philadelphia, PA and zip code 19143 in the Cobbs Creek neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $75,000.
While more than 218 listings in Philadelphia, PA in December 2024 were sold above asking price, there were more than 229 listings sold at asking price, and more than 580 were sold below. The number of homes for sale in Philadelphia, PA decreased by 2.3% between November and December 2024. While the average time on the market in December 2024 was 49 days, the median list price was $267,873.
From Rocket Homes Real Estate and based on county public records data.