Unique opportunity to own a fully occupied 4-unit (quad) multifamily property in the heart of Society Hill, one of Philadelphia's most historic and sought-after neighborhoods. 423 Spruce Street features four spacious 2-bedroom units, each offering strong rental appeal in a high-demand location. This property is 100% occupied, providing immediate cash flow and stability for investors. Units offer well-proportioned layouts and abundant natural light, ideal for long-term tenants seeking the charm and convenience of urban living. Located on picturesque Spruce Street, the property also includes a rare 2-car parking gated carport, a highly desirable amenity in Society Hill. Residents enjoy walkable access to Old City, Washington Square, Penn's Landing and Center City, along with top restaurants, boutiques, parks, and public transportation. Society Hill's consistent demand and limited housing supply make this an exceptional opportunity for both seasoned investors and owner-occupants seeking a premier multifamily asset - a lucrative addition to any portfolio in one of Philadelphia's most enduring and desirable neighborhoods.
Listed by Ksenia A Scorsolini
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License #RS330475
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Elfant Wissahickon-Rittenhouse Square
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2158939920
Last updated January 28, 2026
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Source: BrightMLS #PAPH2572602
Listing Facts
TypeMulti-family
NeighborhoodSociety Hill
Days on Prevu2
Taxes$19,110/year
Size4,512 sqft
Price per sqft$309
Location
Mortgage Calculator
Listing History
01/28/2026
Listed by Elfant Wissahickon-Rittenhouse Square
$1,395,000
Property Details for 423 Spruce Street
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Year Built: 1850
Architectural Style: Traditional, Other
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.05
Lot Size Dimensions: 21
Lot Size Source: Assessor
Lot Size Square Feet: 2,114
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $19,110.00
Tax Year: 2025
Interior
Measurements
Living Area: 4,512
Living Area Source: Assessor
Other
Location
Tax Lot: 186
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 423 Spruce Street.
What are the annual taxes for 423 Spruce Street?
Annual taxes for this multi-family home are estimated at $19,110.
How does 423 Spruce Street compare to other multi-family homes in Society Hill?
This multi-family home is listed 22% above the average price for multi-family homes in Society Hill and has been on the market for 156 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 4,512 sqft.
423 Spruce Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19106. Available on Prevu for 2 days at $1,395,000. This property features 4,512 square feet of living space, located in Society Hill. The median listing price for multi-family homes in this area is $999,500. View other multi-family home listings in Philadelphia.
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