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    University City Triplex Opportunity Title is generated by Realmo AI

    4122 CHESTER Avenue, Philadelphia, PA 19104

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    For Sale
    $685,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    2,805 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $244/SF
    Added:
    Apr 7, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 14 at 9:06 am

    Property Features for 4122 CHESTER Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    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

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    Listing Contact
    Xiao hui Fu

    Listing agent Xiao hui Fu License #RS350117

    Listing office Target Realty 612 Washington Avenue unit: 1, Philadelphia, PA

    Listing date Apr 7, 2026

    MLS# PAPH2604994 Listing URL

    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.

    HighLights

    • Legal 3‑unit apartment building with all units fully occupied
    • Unit mix: 3BR/1BA (1st floor), 2BR/1BA (2nd floor), and 3BR/2BA (3rd floor)
    • Washer and dryer in each unit
    • Hardwood floors throughout the building
    • Includes a full unfinished basement with backyard access
    • Built in 1930; masonry construction; on‑street parking

    Overview

    This well-maintained, legal 3-unit apartment building is located in University City. Unit 1, situated on the first floor, features 3 bedrooms, 1 bathroom, and a full unfinished basement with access to the backyard. Unit 2, located on the second floor, offers 2 bedrooms and 1 bathroom. The third floor unit comprises 3 bedrooms and 2 full bathrooms. Each unit is fully occupied and equipped with a washer and dryer, and the building features hardwood floors throughout. The property is situated near the campuses of University of the Sciences and Penn, and close to HUP, CHOP, Drexel, Presby, and the Science Center. Center City is approximately 12 minutes away by car or bike, with convenient SEPTA options available. The location provides easy access to Clark Park, Clarkville, Green Line Coffee, a movie theater, restaurants, Fresh Grocer, and other University City amenities. The property is within the Penn Alexander School catchment area and is being sold in "as-is" condition. The lot size is 0.0414 acres, and the property size is 2805 square feet.

    Local 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 (±1% cap)
    NOI $47,867 @ 7.0% cap · market cap 6.99%
    Second Best
    Apartment 5plus
    $630.3K
    $551.5K – $735.4K (±1% cap)
    NOI $44,121 @ 7.0% cap · market cap 6.44%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.20652
    Latitude
    39.94823

    FAQs

    What type of property is this?
    Triplex - Well-maintained, legal 3-unit building near University of Pennsylvania.
    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 $685,000.
    What are key features of this property?
    This property features: Legal 3‑unit apartment building with all units fully occupied; Unit mix: 3BR/1BA (1st floor), 2BR/1BA (2nd floor), and 3BR/2BA (3rd floor); Washer and dryer in each unit
    More about this property
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