5-Unit Apartment
For Sale
$999,000
4052 Chestnut Street, Philadelphia, PA 19104
The building contains five apartments in a twin-detached configuration.
Property Size2,850 SF
Price / SF$350.53
Days on Market24
Property Features for 4052 Chestnut Street
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
5
Building Details
Year Built
1915
Listing Agency:
Coldwell Banker Realty
Listed By:
Vincent Tagliente · License #AB065013
(215) 923-7600
Source:
Deepcreeklake
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 6 at 2:42AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,850-square-foot apartment building was constructed in 1915 and contains five units. The property is configured as a twin-detached building.
Key Highlights
- Five apartment units
- 2,850 square feet of building area
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,829
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,580
$896.6K
Cap Rate 7%
$640,414
$640.4K
Cap Rate 9%
$498,100
$498.1K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$86.5K $30.36/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$81.5K $28.60/SF
− OpEx
−$36.7K −$12.87/SF
NOI
$44.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,580
Cap Rate 7%
$640,414
Cap Rate 9%
$498,100
Alternative Uses
Best Use
Apartment 5plus
$640.4K
$560.4K – $747.2K
NOI $44,829 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$694.8K
$607.9K – $810.6K
NOI $48,635 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
6,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The building contains five apartments in a twin-detached configuration.
Where is this apartment building located?
The property is located at 4052 Chestnut Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Five apartment units; 2,850 square feet of building area; Built in 1915
