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$1,500,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 8 days ago
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We are pleased to present 3607 Spring Garden Street, a six-unit multifamily investment opportunity located in Philadelphia. Offered at $1,500,000, the property was built in 2018 and totals approximately 4,950 rentable square feet, with an average unit size of approximately 825 square feet. The property features a highly differentiated unit mix consisting of five three-bedroom / three-bathroom residences and one two-bedroom / two-bathroom residence. Current rents range from $1,500 to $2,010 per month, generating $11,250 in monthly scheduled rent and $135,000 in annual Gross Scheduled Rent. The asset generates $107,197 in current Net Operating Income, representing a 7.15% going-in capitalization rate at the asking price. Year 1 underwriting projects Gross Scheduled Rent of $141,750 and NOI of $113,288, resulting in a 7.55% Year 1 capitalization rate. At approximately $250,000 per unit and $303.03 per rentable square foot, 3607 Spring Garden Street provides investors with immediate cash flow, a modern residential product, and continued income growth potential in a well-located Philadelphia multifamily asset.

Full Property Details for 3607 Spring Garden St

General

  • Price: $1,500,000
  • Taxes: $2,136 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2673880
  • Updated: 9/26/2026
  • Added to Site: 12 day(s) ago

Interior

  • Number of Rooms: 6
  • Interior Features: Other

Parking

  • Parking Type: On Street, Other

Location

  • Area: 19104 (19104)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: From I-76, take Lancaster Ave west. Turn right onto N 36th St, then left onto Spring Garden St. Property is on the right.

School Information

  • School District: Philadelphia City
  • High School: Samuel S. Fels

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Multi Units, Other
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Electric
  • Water Heater: Other

Utilities

  • Sewer: Other
  • Water: Other, Private
  • Utility Description: Other

Structural Information

  • Architectural Style: Other, Traditional
  • Structure Type: Other
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Other
  • Square Feet: 4,000
  • Sq. Ft. Source: Assessor
  • Living Area: 4,000 Sq. Ft.
  • Finished Above Grnd: 4,000 Sq. Ft.
  • Year Built: 2018
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,558
  • Lot Size Source: Assessor
  • Zoning: RM1

Financial Considerations

  • Price Per Sq. Ft.: $375
  • School Tax: $1,196
  • City/TownTax: $939
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $152,600
  • Tax Amount: $2,136
  • Tax Year: 2026
  • Tax Total Finished Sq. Ft.: 4000

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 184

Listed by Trophy Commercial Real Estate LLC, Saam Tashayyod

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Listing agent

— 3607 Spring Garden St —

  • Saam Tashayyod

    Trophy Commercial Real Estate LLC

Listing Office Email: saam@trophycommercial.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3607 Spring Garden St

School District:Philadelphia City School District
NameGradesDistance
Mcmichael Morton School
3543 Fairmount Avenue, Philadelphia, PA 19104
K-80.3 mi
West Philadelphia High School
4901 Chestnut Street, Philadelphia, PA 19139
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3607 Spring Garden St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/23/2026
Listed
$1,500,000
257.14%
MLS
3/31/2017
Sold
$420,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3607 Spring Garden St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,871
—
$1,526,700
14%
2025
$1,871
—
$1,336,900
—
2024
$1,871
—
$1,336,900
100%
2023
$1,871
34%
100%
2021
$1,396
-39%
-100%
2023
$2,272
-79%
$162,300
-84%
2020
$10,820
72%
$997,400
121%
2019
$6,306
24%
$450,500
24%
2018
$5,094
—
$363,900
—
2017
$5,094
—
$363,900
—
2016
$5,094
4%
$363,900
—
2015
$4,876
—
$363,900
—
2014
$4,876
119%
$363,900
1495%
2013
$2,229
—
$22,816
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Trophy Commercial Real Estate LLC, Saam Tashayyod

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3607 Spring Garden Street, Philadelphia, PA 19104 (MLS# PAPH2673880) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 3607 Spring Garden Street is currently listed for $1,500,000 and was received on September 23, 2026. Want to learn more about 3607 Spring Garden Street? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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