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u-city

42XX Spruce St, Philadelphia, PA 19104

Asking Price: $3,325,000

Light Value Add Multifamily Portfolio in Philadelphia’s Thriving University City – High-Demand Rental Market with Proven Cash Flow

Unlock immediate income and long-term appreciation potential with this 17-unit multifamily portfolio spanning four strategically located properties. Priced at $3,325,000 ($195,588/unit) and generating $282,288 in gross rental income with roughly $214,703 Net Operating Income (NOI) and $233,150 in projected NOI upon light value add upgrades, this offering delivers an exceptional combination of day 1 stability and long term upside in one of the city’s most dynamic and resilient rental markets.

Situated in the heart of University City, a nationally recognized center for education, healthcare, and innovation, the properties benefit from 78,000+ jobs and 50,000+ students, fueling robust, year-round rental demand. Just steps from world-renowned institutions like the University of Pennsylvania and Children’s Hospital of Philadelphia, residents enjoy unparalleled access to top-tier employers, transit options, and an unmatched urban lifestyle.

Top national economists have confirmed that Live, Work, Play neighborhoods represent the future of urban living, and no neighborhood in Philadelphia embodies this trend better than University City. With its walkability, transit connectivity, and vibrant mix of academic, cultural, and recreational amenities, this area stands out as a prime destination for growth and opportunity.

This transit-friendly, walkable neighborhood continues to attract investment and development, including the transformative $1 billion uCity Square project, further elevating its appeal and positioning it as a premier Live, Work, Play community.

Whether you’re expanding your portfolio or entering the Philadelphia market, this offering delivers the stability of existing cash flow with upside potential in a neighborhood primed for continued appreciation.

Don’t miss this rare chance to invest in one of Philadelphia’s most sought-after rental markets.

Listing Details:
Property Type: Multifamily
Square Footage: 11,000
Lot Size (sq ft): 8,460
Pro-Forma Cap Rate: 7.01%
Pro-Forma NOI: $233,150
Units: 17
Year Renovated: 2019-2020
Zoning: RSA5, RTA1, RM1
Ownership: Fee simple
Freedom Portfolio Advisors white logo featuring stylized text, ideal for financial investment branding and identity.
Freedom Portfolio Advisors
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Compass RE / Compass Commercial
Center City
1430 Walnut St, 3rd Floor 
Philadelphia, PA 19102
Montgomery County
4 E Montgomery Ave
Ardmore, PA 19003
South Jersey
201 34th St
Ocean City, NJ 08226
Phone: 267.435.8015

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Direct Phone: 267.713.9616
Email: [email protected]
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