University City 3-Unit Apartment
For Sale
$675,000
4122 CHESTER Avenue, Philadelphia, PA 19104
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,805 SF
Lot Size0.04 Acres
Price / SF$240.64
Days on Market116
Property Features for 4122 CHESTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,805 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
10690
Utilities
Heating system
Electric (Heating), Baseboard, Hot Water(Heating)
Building Details
Year built
1930
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Target Realty · Century 21 Real Estate
(215) 218-0939
Listed By:
Xiao hui Fu · License #RS350117
(267) 234-4938
Added: Apr 7
Changed: Jul 11
Last Checked: Jul 31 at 8:06AM
MLS# PAPH2604994
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal 3-unit apartment building is well maintained and offered for sale in as-is condition. Unit 1 is a 3-bedroom, 1-bath layout on the first floor with access to the backyard and a full unfinished basement. Unit 2 offers 2 bedrooms and 1 bath on the second floor. Unit 3 is a 3-bedroom, 2-full-bath configuration on the third floor. All units are fully occupied, and each unit includes its own washer and dryer. Hardwood floors are described as throughout the building.
The property is located in University City near multiple university and medical campus locations, and is described as close to SEPTA service, including a Green Line hub one block away. Additional nearby references in the remarks include Clark Park and its Farmers’ Market area, and Fresh Grocer around 40th & Walnut.
The building’s existing income is supported by the current fully occupied status, with separate unit layouts across three floors and shared exterior access through the backyard noted for Unit 1.
The property is located in University City near multiple university and medical campus locations, and is described as close to SEPTA service, including a Green Line hub one block away. Additional nearby references in the remarks include Clark Park and its Farmers’ Market area, and Fresh Grocer around 40th & Walnut.
The building’s existing income is supported by the current fully occupied status, with separate unit layouts across three floors and shared exterior access through the backyard noted for Unit 1.
Key Highlights
- Legal 3‑unit apartment building in University City with all units fully occupied
- Unit 1: 3 bed, 1 bath on the 1st floor plus full unfinished basement access to the backyard
- Unit 2: 2 bed, 1 bath on the 2nd floor
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $68.4k | $24.38 |
| − OpEx | −$20.5k | −$7.31 |
| NOI | $47.9k | $17.06 |
2,805 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained legal three-unit building with all units fully occupied and in-unit washers and dryers.
Where is this triplex located?
The property is located at 4122 CHESTER Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Legal 3‑unit apartment building in University City with all units fully occupied; Unit 1: 3 bed, 1 bath on the 1st floor plus full unfinished basement access to the backyard; Unit 2: 2 bed, 1 bath on the 2nd floor
