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The Trestle Apartments 4304 Cresson St 18 Unit Apartment Building $5,000,000 ($277,778/Unit) 6.15% Cap Rate Philadelphia, PA 19127



Investment Highlights
- 18-Car Covered Parking
- Shared Roof Deck
- Fully-Occupied
- Prime Manayunk Locaton
Executive Summary
4304 Cresson Street (a.k.a The Trestle Apartments) presents a rare opportunity to acquire a turnkey, 18-unit apartment building with 1:1 covered parking one block from Manayunk’s vibrant commercial corridor, in the heart of one of Philadelphia’s most supply-constrained and renter-driven sub-markets. Constructed in 2016, the property offers investors modern construction, strong in-place amenities, and minimal near-term capital expenditure requirements. The property has assumable debt at 3.43% interest rate with 5 years remaining on the term. Inquire for details. The asset features a well-designed unit mix of 1, 2, and 3 bedroom units, each with in-unit washer and dryers, private balconies, and modern kitchens equipped with microwaves, dishwashers, and central air conditioning. Residents benefit from multiple common areas, including an interior shared courtyard and a shared roof deck, enhancing tenant retention and rental appeal. Additional building amenities include a garage and covered parking, a highly sought-after feature in Manayunk, as well as an Amazon locker system in the lobby for secure package delivery. Each unit is equipped with BEC alarm panels, providing an added layer of security and operational efficiency. Located just steps from Main Street Manayunk, public transit, and regional trail systems, 4304 Cresson Street combines walkability, modern construction, and strong rental demand. 4304 Cresson Street is ideally suited for investors seeking a stable, low-maintenance multifamily asset in a proven Philadelphia sub-market.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.15% | Building Size | 19,120 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | ||
| Zoning | CMX-2.5 - Neighborhood Commercial Mixed-Use-2 | ||
| Price | $5,000,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 19,120 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Zoning | CMX-2.5 - Neighborhood Commercial Mixed-Use-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,725 | 664 - 736 |
| 2+1 | 9 | $2,135 | 678 - 813 |
| 2+2 | 2 | $2,100 | 846 |
| 3+2 | 2 | $2,050 | 846 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881130012 | Total Assessment | $4,166,900 |
| Land Assessment | $416,690 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,750,210 | Tax Year | 2026 |
Property Taxes
Parcel Number
881130012
Land Assessment
$416,690
Improvements Assessment
$3,750,210
Total Assessment
$4,166,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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