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4813-4815 Chester Ave 7 Unit Apartment Building $1,825,000 ($260,714/Unit) 7.52% Cap Rate Philadelphia, PA 19143
Investment Highlights
- Seven-Unit Multifamily Asset | Two Buildings
- Exceptional Transit Access & Connectivity
- Clark Park & Neighborhood Amenities
- Five On-Site Parking Spaces | Additional Income
- Proximity to University City's Major Institutions
- Established Asset | Built in 1925
Executive Summary
Horvath & Tremblay is pleased to present the opportunity to acquire 4813-15 Chester Avenue, a multifamily investment opportunity located in Southwest Cedar Park, Philadelphia. The Property consists of two buildings containing seven residential units and five on-site parking spaces. Built in 1925, the Property is situated on a site zoned RSA-3.
The Property offers a seven-unit residential configuration across two buildings, complemented by five on-site parking spaces. The combination of residential units and dedicated parking provides an attractive offering within an established Southwest Philadelphia neighborhood, with potential for investors to benefit from continued demand for well-located rental housing.
4813-15 Chester Avenue is situated within Southwest Cedar Park, an established residential neighborhood with convenient access to major transportation corridors, SEPTA public transit, neighborhood retail, and everyday services. The area provides connectivity to University City, Center City, and surrounding employment centers, while benefiting from the amenities and institutions located throughout Southwest and West Philadelphia.
The Property offers a seven-unit residential configuration across two buildings, complemented by five on-site parking spaces. The combination of residential units and dedicated parking provides an attractive offering within an established Southwest Philadelphia neighborhood, with potential for investors to benefit from continued demand for well-located rental housing.
4813-15 Chester Avenue is situated within Southwest Cedar Park, an established residential neighborhood with convenient access to major transportation corridors, SEPTA public transit, neighborhood retail, and everyday services. The area provides connectivity to University City, Center City, and surrounding employment centers, while benefiting from the amenities and institutions located throughout Southwest and West Philadelphia.
Property Facts
| Price | $1,825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $260,714 | Building Class | C |
| Sale Type | Investment | Building Size | 5,976 SF |
| Cap Rate | 7.52% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Zoning | RSA-3 | ||
| Price | $1,825,000 |
| Price Per Unit | $260,714 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 5,976 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RSA-3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Freezer
Site Amenities
- Controlled Access
- Fenced Lot
- Public Transportation
- Private Bathroom
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Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $940,240 | |
| Land Assessment | $235,060 | Total Assessment | $1,175,300 |
Property Taxes
Parcel Numbers
Land Assessment
$235,060
Improvements Assessment
$940,240
Total Assessment
$1,175,300
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