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sales rep | Brivity IDX

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3607 Spring Garden St , Philadelphia, PA 19104
$1,500,000
Est. Payment: $8,103.26/mo
17 Bed
4000 Sqft
0.06 Acres
Status: active | Days on site: 38
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TCRELLC1 - 3379899
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House Description

We are pleased to present 3607 Spring Garden Street, a six-unit multifamily investment opportunity located in Philadelphia. Offered at $1,500,000, the property was built in 2018 and totals approximately 4,950 rentable square feet, with an average unit size of approximately 825 square feet. The property features a highly differentiated unit mix consisting of five three-bedroom / three-bathroom residences and one two-bedroom / two-bathroom residence. Current rents range from $1,500 to $2,010 per month, generating $11,250 in monthly scheduled rent and $135,000 in annual Gross Scheduled Rent. The asset generates $107,197 in current Net Operating Income, representing a 7.15% going-in capitalization rate at the asking price. Year 1 underwriting projects Gross Scheduled Rent of $141,750 and NOI of $113,288, resulting in a 7.55% Year 1 capitalization rate. At approximately $250,000 per unit and $303.03 per rentable square foot, 3607 Spring Garden Street provides investors with immediate cash flow, a modern residential product, and continued income growth potential in a well-located Philadelphia multifamily asset.

Highlights

Listed by Saam Tashayyod , 2156085745 Trophy Commercial Real Estate LLC , 2156085745. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

2018

County

Philadelphia

Area

19104 (19104)

School District

Philadelphia City

Listing ID

PAPH2673880

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:17
Air Cond:Central A/C,Multi Units
Fireplaces:
Above Ground Sq Ft:4000
Water:Other,Private

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:RM1
Sewer:Other
Parking Features:On Street
Principal Interest
$8,103
Taxes
$178

Home Price

$1,500,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,103.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,103.26 $178.00 $0.00 $8,281.26
Yearly $97,239.12 $2,136.00 $0.00 $99,375.12
Total $2,917,173.47 $64,080.00 $0.00 $2,981,253.47
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS