Price Reduction
Listed By:
Kurfiss Sotheby's International Realty
Address
1831 Mutli-Unit Spruce Street, Philadelphia, PA
Price
$ 1,495,000
Property Attributes
  • MLS#PAPH2275468
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19103
  • NeighborhoodRittenhouse Square
  • Zip19103
  • Style
  • Year Built1912
  • Taxes$ 11581
  • Price$ 1,495,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.02 Acres
Data Source:
Bright MLS
Property Description

This is a rare opportunity to own a masterfully renovated multi-unit property in the heart of Rittenhouse Square. Originally built in 1912 and fully renovated by Gardner Fox Architects and McCroubrey Overholser. This property offers approximately 3,000SF of flexible living space with over $900,000 in renovations and updates. This stunning building is currently configured as a duplex, but could easily be converted into a chic single family residence. There are 4 floors of finished living space consisting of 2 bi-level units, each unit with outdoor space. Unit 1: 1-2 Bedrooms, 2 Full Bathrooms. The main level boasts beautifully outfitted living space with a tray ceiling, custom built-ins, plantation shutters, Brazilian hardwood floors, cherry cabinets, a gas fireplace with marble surround, wet bar and kitchenette, a bedroom, a full bathroom and a slate patio out back. There is also a fantastic dressing area with vanity and adjacent make-up vanity, spacious closet with custom closet built-ins, washer and dryer. The lower level is charming with exposed brick, a living room area, a full bathroom and a gorgeous kitchen space designed by Society Hill Kitchens. This level has a laundry hook-up, cedar closet and additional storage. There is a separate entrance for this level that leads to the patio. This property can also be accessed from Manning St. Providing a separate entrance for the lower level which can be used as a fantastic living space for in-laws, au pair suite or overnight guests. Unit 2: 3-4 Bedrooms, 2 Full Bathrooms. Main level offers Bamboo floors, exposed brick wall, surround sound, a custom kitchen with cherry cabinets, granite countertops, porcelain back splash and stainless steel appliances. Located just beyond the kitchen is a den / bonus room with sliding glass doors that lead to a lovely shared deck. This room has been used as a 4th bedroom in the past. The upper level is currently configured with 3 bedrooms, custom California closet systems and a full bathroom and laundry. Great for investors or owner occupied with rental income generated by the other unit. Also the perfect set up for multi-generational living or an au pair suite. Just steps from Rittenhouse Square and a 4-minute walk to the University of Penn Shuttle stop located at 20th and Locust. Enjoy all that Rittenhouse Square offers with fantastic restaurants, cafes, farmers market and various events throughout the year.

Price History
9/8/2023 Listed $1,600,000
10/31/2023 4% - $1,550,000
5/23/2024 4% - $1,495,000

General Features

Interior Features 2nd Kitchen,Additional Stairway,Built-Ins,Wet/Dry Bar,Wood Floors
Sewer Public Sewer
Heating Baseboard - Hot Water,Baseboard - Electric
Cooling Central A/C
Possession Immediate,Negotiable
Zoning RM4
Patio/Porch Features Deck(s),Patio(s)
Architectural Style Other
Construction Materials Brick
Year Built 1912
Electric Underground
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Insurance
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Subdivision Name RITTENHOUSE SQUARE
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions Located closer to 19th.
ModificationTimestamp 2024-06-07T15:42:41
City PHILADELPHIA
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 2
MLS Area 19103 (19103)
Lot Size Units Square Feet
Lot Size Square Feet 1036.00
Tax Assessed Value 827400.0
Waterfront Y/N No
Number of Units Leased 2
Street Name SPRUCE STREET
Property Attached Y/N Yes
Tax Annual Amount 11581.0
Two Bedroom 1
Structure Type Interior Row/Townhouse
Other Units Unit 1,Unit 2
Price Per Sq Ft Total AG 490.81
Vacation Rental Y/N No
Virtual Tour https://adobe.ly/2EzOJ2b
Total SQFT 3046
Days on Market 275
Lease Type Yearly,Long Term
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Basement Full,Outside Entrance,Fully Finished
Flooring Wood,Tile/Brick
Total Fireplaces 1
Hot Water Natural Gas
Total Stories 4
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Central Air Y/N Yes
LivingAreaSource Estimated
Three Bedroom Units Count 1
Laundry Type Washer In Unit,Dryer In Unit,Hookup

Exterior Features

Pool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Brick/Mortar
Water View Y/N No
Lot Dimensions 19 X 56
Lot Size Acres 0.02
Lot Size Source Estimated
Land Assessed Value 165480.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Estimated

Room Details

Room Dimensions Level Flooring Details
Primary Bedroom Unspecified

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19103

Price
AVG $1.85M
$1.5M
Taxes
AVG $14,951
$11,581
Visits
AVG 912
1043
Data Provided by Inside Real Estate®
Year Built
AVG 1861
1912