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!
Property Details
Property Features
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
Listing Agent: Malik T Carter
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Other
Directions Information:
Directions: West on Spruce
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $75,000
Tax Information:
Annual Amount: $204
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $190.3K less than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2408086
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
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.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Universal Institute Charter School at Bluford
5801 Media St
Distance between this listing and this school1.38 miles
Public Charter Grades KG-6
3
/10
Stonehurst Hills Elementary School
7051 Ruskin Ln
Distance between this listing and this school1.58 miles
Public District Grades KG-5
3
/10
Inquiry Charter School
1301 Belmont Ave
Distance between this listing and this school1.64 miles
Public Charter Grades PK-5
Nearby Schools
4
/10
Global Leadership Academy Charter School Southwest a
5200 Pine St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
3
/10
Andrew Hamilton School
5640 Spruce St
Distance between this listing and this school0.36 miles
Public District Grades KG-8
2
/10
Avery D. Harrington School
5300 Baltimore Ave # 34
Distance between this listing and this school0.51 miles
Public District Grades KG-8
Nearby Schools
4
/10
Boys Latin of Philadelphia Charter School
5501 Cedar Ave
Distance between this listing and this school0.31 miles
Public Charter Grades 6-12
3
/10
The Workshop School
221 S Hanson St
Distance between this listing and this school0.54 miles
Public Magnet Grades 9-12
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.55 miles
The neighbors living near this home have an average income of $30,135. Residents of Philadelphia, PA typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5320 Spruce St
What is the listing price of this property?
The listing price of 5320 Spruce St property is $75,000.
What type of property is this?
The property 5320 Spruce St is land located in Philadelphia, Pennsylvania, 19139.
Is this property for sale now?
Active Listing: 5320 Spruce St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $204 (source: MLS/based on county public records data).
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This home is located at 5320 Spruce St in Philadelphia, PA and zip code 19139 in the Cobbs Creek neighborhood. This home sits on a 0.03 acre lot. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $75,000.
While more than 219 listings in Philadelphia, PA in November 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 523 were sold below. The inventory of homes for sale in Philadelphia, PA between October 2024 and November 2024 increased by 1.8%. The median list price of listings available in November 2024 was $265,372, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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