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New Multifamily Apartment Building
For Lease
$1,525/Mo

139 W CHELTEN AVENUE #206, Philadelphia, PA 19144

Brand-new 51-unit multifamily building featuring studios plus 1- and 2-bedroom layouts with upgraded in-unit finishes.

Property Size800 SF
Days on Market72

Property Features for 139 W CHELTEN AVENUE #206

General Information

Standard status Active
Size 800 SF
Property subtype Apartment
Lease Type /mo

Additional Details

Highway Access Yes
Multifamily Units 51

Building Details

Year Built 2023
Listing Agency: Skale Real Estate
Listed By: Cameron Crossley · License #RM425434
Source: Cummingsrealtors
Added: May 20 Changed: Jul 27 Last Checked: Jul 30 at 6:13AM

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 Skale Real Estate

Investment Insights

Based on property information with market context.

The Ace is a brand-new 51-unit multifamily apartment building offering studio, 1-bedroom, and 2-bedroom options. Residences include upgraded Samsung stainless steel appliances and LVP flooring, along with bath features described as floor-to-ceiling custom tile work. The building is also described as providing large windows for natural light and generous floor plans.

The property is located at 139 W Chelten Avenue in Philadelphia, with convenient access described to the Chelten Ave SEPTA Station, Germantown Avenue, and I-76. The public remarks also reference nearby amenities including a grocery store and gym, and outdoor access to Wissahickon Valley Park.

Unit #206 is presented for rent, with lease details not provided in the available information.

Key Highlights

  • Brand‑new 51‑unit multifamily building (Year built: 2023) in Germantown
  • Studios plus 1- and 2‑bedroom layouts, with 10–15% more space than similar buildings
  • Upgraded Samsung stainless steel appliances in each unit

Property Analytics

Current Use

Man vs Fries Restaurant MrBeast Burger Restaurant Crossroads Evangelistic Church Church Drexel university University

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

51
Residential units
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.43 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,717
Businesses Nearby

Demographics for 19144, PA

44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$37.67 /SF/Yr
Avg Asking Price
$0.58–$64.33 /SF/Yr
Price Range
1,757 SF
Avg Space Size

This space is priced 39% below the average of $37.67 /SF/Yr.

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brand-new 51-unit multifamily building featuring studios plus 1- and 2-bedroom layouts with upgraded in-unit finishes.
Where is this apartment building located?
The property is located at 139 W CHELTEN AVENUE #206 Philadelphia, PA.
What is the lease rate?
The lease rate is $1,525 /Mo.
What are key features of this property?
This property features: Brand‑new 51‑unit multifamily building (Year built: 2023) in Germantown; Studios plus 1- and 2‑bedroom layouts, with 10–15% more space than similar buildings; Upgraded Samsung stainless steel appliances in each unit
More about this property
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