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Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $233
Subdivision Spruce Hill
MLS Listing ID PAPH2640810
Style Victorian
Abv Grd Liv Area 1,500
Year Built 1925
Annual Tax Amount $3,149
Tax Year 2025
Lot Size 1,682 Sqft
Acres 0.04
Lot Dimensions 15.00 x 112.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The first floor apartment features its own private entrance along with direct access to the rear yard and unfinished basement, creating additional storage and utility space. Each apartment is equipped with its own HVAC system providing central heating and air conditioning, in unit washer and dryer, separate hot water heater, and individually metered water, gas, and electric. The owner also benefits from a separate electrical meter serving the common areas, simplifying property management.
Spruce Hill continues to be one of Philadelphia's strongest rental markets thanks to its location adjacent to University City, one of the region's largest employment and innovation hubs. The neighborhood is home to a significant renter population and is consistently sought after by students, university faculty, healthcare professionals, researchers, and young professionals due to its proximity to major employers and educational institutions. University City alone supports nearly 80,000 jobs across healthcare, higher education, technology, and life sciences, creating a deep and stable tenant pool.
Residents enjoy convenient access to the campuses of the University of Pennsylvania and Drexel University, as well as leading medical institutions including Penn Medicine and Children's Hospital of Philadelphia. Multiple SEPTA trolley routes, the Market Frankford Line, regional rail connections, and nearby 30th Street Station provide excellent connectivity throughout Philadelphia and beyond. The neighborhood also offers an abundance of local restaurants, cafés, parks, and shopping, further enhancing its long term appeal to renters.
Whether you're looking to expand your investment portfolio or take advantage of an owner occupied opportunity with rental income, 5241 Walnut Street offers strong fundamentals in one of Philadelphia's most consistently desirable investment locations.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Equipment Dryer, Oven/Range - Electric, Refrigerator, Washer
Fireplace N
Appliance Dryer, Oven/Range - Electric, Refrigerator, Washer
Heat Source Electric
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Other
Above Ground Finished SqFt 1500
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 602049700
Ownership Fee Simple
SqFt Source 1500
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
Nearby School & Business
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