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Fully leased corner triplex in highly desirable Powelton Village, directly adjacent to University City. This prime location is surrounded by major employment and demand drivers including Drexel University, University of Pennsylvania, Children's Hospital of Philadelphia (CHOP), and Penn Presbyterian Medical Center. The strong institutional presence supports consistent rental demand, low vacancy, and excellent long-term investment performance. The property is currently generating $46,200 in annual gross rental income with all units occupied and leases in place. The unit mix includes one 1-bedroom, 1-bath apartment featuring a private side patio and two 2-bedroom, 1-bath apartments. All three units have updated bathrooms. Additional features include separate electric meters (tenant-paid utilities), shared basement laundry, accessible mechanicals, and water heaters replaced in 2026. This low-maintenance, turnkey investment property delivers immediate cash flow and strong rental yields in one of Philadelphia's most established rental corridors. The corner positioning provides superior natural light and a more open feel than typical interior row homes. Convenient access to public transportation, Center City, dining, shopping, and major hospitals further enhances tenant appeal.

Source: BRIGHT MLS, MLS#: PAPH2587784

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  • Property Type
    Residential Income
  • Lot
    0.02 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 3800 SPRING GARDEN STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/25/2026Source: BRIGHT MLS Price Reduction
$545,000 -9.2%
3/9/2026Source: BRIGHT MLS Added to Database
March 09, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
12/3/2024Source: BRIGHT MLS Status Change
ACTIVE UNDER CONTRACT
12/3/2024Source: BRIGHT MLS Status Change
PENDING
12/3/2024Source: BRIGHT MLS Added to Database
June 12, 2023
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
Listing provided courtesy of Coldwell Banker Residential Brokerage - Princeton- MLS# PAPH2587784MLS ProviderContact Information: [email protected] - 6099211411