University City Four-Unit Investment
For Sale
Contact for pricing
Pending
5013 Chester Ave, Philadelphia, PA 19143
Well-maintained four-unit property in University City with modern amenities.
Property Size4,550 SF
Days on Market514
Property Features for 5013 Chester Ave
General Information
Standard status
Pending
Size
4,550 SF
Property subtype
Multifamily
Zoning
RSA5
Net Operating Income
$6,700
Building Details
Year Built
1915
Year Renovated
2025
Buildings
1
Stories
3
Units
4
Listing Agency:
RE/MAX Preferred
Listed By:
ERIC Farhat · License #1234
Source:
Crexi
Added: Apr 8, 2025
Changed: Aug 21
Last Checked: Sep 2 at 4:34AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,290
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$985,800
$985.8K
Cap Rate 7%
$704,143
$704.1K
Cap Rate 9%
$547,667
$547.7K
Market Conditions
NOI Build-Up for 4,550 SF
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.
Gross rent
$75.9K $16.68/SF
− Vacancy
−$5.5K −$1.20/SF
EGI
$70.4K $15.48/SF
− OpEx
−$21.1K −$4.64/SF
NOI
$49.3K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$985,800
Cap Rate 7%
$704,143
Cap Rate 9%
$547,667
Alternative Uses
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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?
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
