Duplex with Energy-Efficient
For Sale
$1,060,000
4815 Chester Avenue, Philadelphia, PA 19143
Two-unit residential income property with built-in appliances, gas cooking, electric laundry, and intercom service.
Property Size3,201 SF
Price / SF$331.15
Days on Market548
Property Features for 4815 Chester Avenue
General Information
Standard status
Active
Size
3,201 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA-3
Taxes and HOA fees
Annual Taxes
$6,528
Amenities
No
Built-In Microwave, Energy Efficient Appliances, Dryer - Electric, Dishwasher, Disposal, Intercom, Oven/Range - Gas, Water Heater
ENERGY STAR Qualified Door(s)
No Pool
Above Grade, Below Grade
Building Details
Year Built
1880
Listing Agency:
Scope Commercial Real Estate Services, Inc.
Listed By:
Joseph M. Loonstyn Jr. · License #RS351792
(267) 252-0223
Source:
Compass
Added: Mar 9, 2025
Changed: Sep 2
Last Checked: Aug 31 at 12:39AM
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 Scope Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This duplex property was built in 1880 and encompasses 3,201 square feet. Interior features include a built-in microwave, dishwasher, disposal, electric dryer, gas oven and range, water heater, and intercom system. Energy-efficient appliances and ENERGY STAR qualified doors are also included. The property has both above-grade and below-grade areas and no pool.
Located at 4815 Chester Avenue in Philadelphia, the property is within ZIP Code 19143 and the Philadelphia City School District. The parcel carries RSA-3 zoning and is identified within MLS Area 19143. Its duplex configuration supports residential income use within an established Philadelphia setting.
Located at 4815 Chester Avenue in Philadelphia, the property is within ZIP Code 19143 and the Philadelphia City School District. The parcel carries RSA-3 zoning and is identified within MLS Area 19143. Its duplex configuration supports residential income use within an established Philadelphia setting.
Key Highlights
- Duplex property with 3,201 square feet
- RSA‑3 zoning in Philadelphia, PA 19143
- Built in 1880
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
$34,676
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
3.27%
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%
$693,520
$693.5K
Cap Rate 7%
$495,371
$495.4K
Cap Rate 9%
$385,289
$385.3K
Market Conditions
NOI Build-Up for 3,201 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
$53.4K $16.68/SF
− Vacancy
−$3.9K −$1.20/SF
EGI
$49.5K $15.48/SF
− OpEx
−$14.9K −$4.64/SF
NOI
$34.7K $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%
$693,520
Cap Rate 7%
$495,371
Cap Rate 9%
$385,289
Alternative Uses
Best Use
Multifamily LT 5
$495.4K
$433.5K – $577.9K
NOI $34,676 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$440.6K
$385.5K – $514.1K
NOI $30,843 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,799 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,712
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?
Duplex - Two-unit residential income property with built-in appliances, gas cooking, electric laundry, and intercom service.
Where is this duplex located?
The property is located at 4815 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Duplex property with 3,201 square feet; RSA‑3 zoning in Philadelphia, PA 19143; Built in 1880
