University City Four-Unit Investment
5013 Chester Ave, Philadelphia, PA 19143
Well-maintained four-unit property in University City with modern amenities.
Type:Multifamily
Property size:
4,550 SFPrice / SF:
$175/SF- Added:
- Apr 8, 2025
- Days on Market:
- 410
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 5013 Chester Ave
General Information
- Standard status
- Active
- Size
- 4,550 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing agent ERIC Farhat License #1234
Listing office RE/MAX Preferred
Listing date Apr 8, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Preferred
HighLights
- Prime University City location near hospitals and universities
- Fully renovated and well‑maintained units, including a 3rd‑floor apartment renovated in 2025
- Each unit has separate utilities and its own central air conditioning and heating
- New concrete surrounding the building, laundry room and storage in the basement, and state‑of‑the‑art security system
- New 5" sewer line with a 100‑year corrosion warranty and compliance with Philadelphia Fire Code
- Flexible financing options available
Overview
This four-unit investment property is located in University City, with access to the 13 Trolley and Regional Rail. The property was fully renovated in 2012, and the 3rd-floor apartment was completely renovated in 2025. Each unit features extra width, high ceilings, and natural light. The property includes two 2-bedroom units, one 3-bedroom unit, and one studio apartment with office space on the lower level. All units have separate utilities, central air conditioning and heating. Tenant amenities include a laundry room and storage in the basement. The property has new concrete surrounding the building, a security system with automatic flood lights, and complies with Philadelphia Fire Code. A newly installed 5-inch sewer line comes with a 100-year corrosion warranty. The property is located near major hospitals and universities, making it attractive to students, medical professionals, and faculty members. The property is suitable for both owner-occupants and investors, offering stable, long-term returns.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$547.7K
NOI $49,290 @ 9.00% cap · cautious / downside scenario
Moderate
$704.1K
NOI $49,290 @ 7.00% cap · market / base-case scenario
Aggressive
$985.8K
NOI $49,290 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.9k | $16.68 |
| − Vacancy | −$5.5k | −$1.20 |
| EGI | $70.4k | $15.48 |
| − OpEx | −$21.1k | −$4.64 |
| NOI | $49.3k | $10.83 |
4,550 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$704.1K
$616.1K – $821.5K
NOI $49,290 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$626.3K
$548.0K – $730.7K
NOI $43,841 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,165 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
ACT Tax & Bookkeeping ...
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2186759
- Latitude
- 39.943008
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FAQs
What type of property is this?
Quadplex - Well-maintained four-unit property in University City with modern amenities.
Where is this quadplex located?
The property is located at 5013 Chester Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime University City location near hospitals and universities; Fully renovated and well‑maintained units, including a 3rd‑floor apartment renovated in 2025; Each unit has separate utilities and its own central air conditioning and heating
