25-Unit Multifamily Investment
4046 Chestnut St, Philadelphia, PA 19104
25-unit, 70-bed multifamily property with consistent cash flow.
Type:Multifamily
Property size:
34,924 SFPrice / SF:
$370/SF- Added:
- Mar 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 19 at 11:05 pm
Property Features for 4046 Chestnut St
General Information
- Standard status
- Active
- Size
- 34,924 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2017
Listing agent Ken Wellar License #PA 10401252368
Listing office GREA
Listing date Mar 12, 2026
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 GREA
HighLights
- Consistent cash flow with zero historical vacancy.
- Prime "Main & Main" location in University City for retail and dining.
- Value‑add opportunity with a Year 2 $360k rent increase.
- Located in a high‑barrier‑to‑entry submarket.
- Modern interiors and rare underground parking.
- Strong location in University City, a regional leader in science and innovation with excellent transportation infrastructure.
Overview
This 25-unit, 70-bed multifamily property provides consistent cash flow with zero historical vacancy, making it a prime 1031-exchange candidate. A value-add opportunity exists in the Year 2 $360k rent push, leveraging its position in a high-barrier-to-entry submarket. The building, located at 40th & Chestnut, features modern interiors and rare underground parking. The location is considered "Main & Main" for University City retail and dining, ensuring it remains a top choice for students seeking an urban lifestyle. University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality. University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences. With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs. The property size is 34924 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.204065
- Latitude
- 39.955567
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 25-unit, 70-bed multifamily property with consistent cash flow.
Where is this apartment building located?
The property is located at 4046 Chestnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $12,950,000.
What are key features of this property?
This property features: Consistent cash flow with zero historical vacancy.; Prime "Main & Main" location in University City for retail and dining.; Value‑add opportunity with a Year 2 $360k rent increase.
