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3800 Spring Garden St
For Sale $638,000 ($255.30 per Sq Ft)
$638,000 ($255.30 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,499 Sq Ft
- 928 Sq Ft
Description
Turnkey Corner Triplex in Powelton Village – 5%+ Cap Rate | Fully Leased
Welcome to 3800 Spring Garden Street, a fully occupied corner triplex in the heart of Powelton Village / University City, one of Philadelphia’s most dependable and high-demand rental corridors. Surrounded by Drexel University, the University of Pennsylvania, CHOP, and Presbyterian Hospital, this location supports consistent tenant demand and long-term rental stability.
The property is fully leased with reliable tenants in place and offers immediate income from day one. Based on current rents and expenses, the building operates at an approximate 5%+ cap rate, making it a stabilized, income-producing asset well suited for buy-and-hold investors.
Each unit features efficient layouts and updated bathrooms. The building includes separate electric meters, shared basement laundry, and accessible basement mechanicals, allowing for straightforward management and controlled operating costs.
Property Highlights:
• Fully occupied with consistent rent collection
• Approx. 5%+ cap rate based on current income
• Updated bathrooms in all units
• Unit 1: One bedroom, one bath with private side patio
• Unit 2: Two bedroom, one bath
• Unit 3: Two bedroom, one bath
• Separate electric meters
• Shared basement laundry
• Accessible mechanicals for ease of service
Powelton Village continues to show strong rental performance with upside potential through future rent growth. This property offers stable cash flow today with the opportunity to enhance returns over time.
An excellent opportunity for investors seeking immediate income, minimal turnover, and long-term value in a proven Philadelphia rental market.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $638,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,499 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 241203600 |
| MLS # | PAPH2540174 |
| Property ID | 322197089 |
| Lot Sqft | 928 |
| Zoning | RM1 |
| Total Units | 3 |
| Days on Market | 144 |
| Original List Price | Unknown |
| Date Updated | February 06, 2026 |
| Date Created | September 21, 2025 |
Listing Provided By
Margaret McCain an agent of . Lic #1864188
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Data last updated: February 12, 2026.
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Robert Crawford
REAL ESTATE AGENT