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4802 Chester Ave 5 Unit Apartment Building $639,000 ($127,800/Unit) 7.20% Cap Rate Philadelphia, PA 19143
EXECUTIVE SUMMARY
Investor Alert! 5 unit building in University City, in the Squirrel Hill section, with active rental license/zoning. All separate utilities except hot/cold water. Many renovations, including 4 newer kitchens with appliances and 5 newer baths, 3/8" vinyl flooring in units and some new plumbing and electric, all redone in 2022. Two heat forced air furnaces and all electric baseboard heat replaced in 2024/2025. All units have A/C with either C/A or mini-splits and one window unit. Laundry in basement. Three 1BR/1BA, one 1 BR/1BA w/office and one studio. Building is currently leased with a total current annual revenue of $64,980.00.
Units currrently rented below market value due mostly to some winter leases, providing future upside. Great value-add potential opportunity with garage parking and potential space for paid parking in rear. Garage marketed as-is.
Convenient to Penn, Drexel and University of the Sciences. # 13 trolley stops in front of the building and a commuter train 1 block away.
Units currrently rented below market value due mostly to some winter leases, providing future upside. Great value-add potential opportunity with garage parking and potential space for paid parking in rear. Garage marketed as-is.
Convenient to Penn, Drexel and University of the Sciences. # 13 trolley stops in front of the building and a commuter train 1 block away.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $639,000 | Apartment Style | Low-Rise |
| Price Per Unit | $127,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.20% | Building Size | 2,775 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2022 |
| Property Subtype | Apartment | ||
| Zoning | R5A - Legally zoned with rental license | ||
| Price | $639,000 |
| Price Per Unit | $127,800 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,775 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Zoning | R5A - Legally zoned with rental license |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+5 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (80)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 881707200 | Improvements Assessment | $333,270 (2026) |
| Land Assessment | $142,830 (2026) | Total Assessment | $476,100 (2026) |
PROPERTY TAXES
Parcel Number
881707200
Land Assessment
$142,830 (2026)
Improvements Assessment
$333,270 (2026)
Total Assessment
$476,100 (2026)
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4802 Chester Ave
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