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5352-54 Cedar Ave 5352 Cedar Ave 6 Unit Apartment Building $1,325,000 ($220,833/Unit) 7.04% Cap Rate Philadelphia, PA 19143
Investment Highlights
- Delivered fully vacant — full control of lease-up and rent roll
- Large unit layouts including 3-bedroom units with outdoor space
- Proximity to University City and Center City employment centers
- 10-year tax abatement — reduced operating costs during stabilization
- Positioned directly across from PHMC Public Health Campus
- Value-add / lease-up opportunity in established West Philadelphia submarket Cedar Park/ Cobbs Creek
Executive Summary
5352–54 Cedar Avenue presents a six-unit multifamily investment opportunity located on the border of Cedar Park and Cobbs Creek in West Philadelphia. The property is delivered fully vacant, providing an investor the ability to implement a lease-up strategy and establish rents at current market levels from day one.
The asset consists of large unit layouts, including three-bedroom configurations with private outdoor space on the first floor, a feature that supports strong rental demand and premium positioning within the submarket. The property also benefits from a 10-year tax abatement, reducing operating expenses and enhancing cash flow during the stabilization period.
This opportunity is best suited for investors seeking a value-add or lease-up project in a location supported by proximity to University City, Center City, and major employment anchors, including the PHMC Public Health Campus directly across Cedar Avenue.
Projected rents and returns are based on current market conditions and leasing assumptions. Investors should anticipate a lease-up period and evaluate the opportunity accordingly.
The asset consists of large unit layouts, including three-bedroom configurations with private outdoor space on the first floor, a feature that supports strong rental demand and premium positioning within the submarket. The property also benefits from a 10-year tax abatement, reducing operating expenses and enhancing cash flow during the stabilization period.
This opportunity is best suited for investors seeking a value-add or lease-up project in a location supported by proximity to University City, Center City, and major employment anchors, including the PHMC Public Health Campus directly across Cedar Avenue.
Projected rents and returns are based on current market conditions and leasing assumptions. Investors should anticipate a lease-up period and evaluate the opportunity accordingly.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$131,400
|
$19.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,570
|
$0.97
|
| Effective Gross Income |
$124,830
|
$18.49
|
| Taxes |
$7,410
|
$1.10
|
| Operating Expenses |
$24,076
|
$3.57
|
| Total Expenses |
$31,486
|
$4.66
|
| Net Operating Income |
$93,344
|
$13.83
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $131,400 |
| Annual Per SF | $19.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,570 |
| Annual Per SF | $0.97 |
| Effective Gross Income | |
|---|---|
| Annual | $124,830 |
| Annual Per SF | $18.49 |
| Taxes | |
|---|---|
| Annual | $7,410 |
| Annual Per SF | $1.10 |
| Operating Expenses | |
|---|---|
| Annual | $24,076 |
| Annual Per SF | $3.57 |
| Total Expenses | |
|---|---|
| Annual | $31,486 |
| Annual Per SF | $4.66 |
| Net Operating Income | |
|---|---|
| Annual | $93,344 |
| Annual Per SF | $13.83 |
Property Facts
| Price | $1,325,000 | Apartment Style | Low-Rise |
| Price Per Unit | $220,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.04% | Building Size | 4,840 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1945/2026 |
| Zoning | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code | ||
| Price | $1,325,000 |
| Price Per Unit | $220,833 |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,840 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1945/2026 |
| Zoning | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Basement
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Freezer
- Garden
- Handrails
- Island Kitchen
- Porch
- Window Coverings
Site Amenities
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,300 | - |
| 2+1 | 3 | $1,700 | - |
| 1+1 | 1 | $1,450 | - |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881450860 | Total Assessment | $529,400 |
| Land Assessment | $52,900 | Annual Taxes | $7,410 ($1.53/SF) |
| Improvements Assessment | $476,500 | Tax Year | 2026 |
Property Taxes
Parcel Number
881450860
Land Assessment
$52,900
Improvements Assessment
$476,500
Total Assessment
$529,400
Annual Taxes
$7,410 ($1.53/SF)
Tax Year
2026
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5352-54 Cedar Ave | 5352 Cedar Ave