New Condo in Wynnefield
For Sale
$299,999
4088 LESLIE LN #A45, Philadelphia, PA 19131
New construction condo with modern features, available November 2025.
Property Size1,100 SF
Days on Market459
Property Features for 4088 LESLIE LN #A45
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Site & Location
Neighborhood
West Philadelphia
Building Details
Building Size
1,100 SF
Year Built
2025
Listing Agency:
KW Empower
Listed By:
Noah Ostroff · License #RS308424
(215) 392-0230
Source:
Kw
Added: Jul 23, 2025
Changed: Oct 19
Last Checked: Oct 23 at 5:31PM
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 KW Empower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Wynnefield Heights Square, this new construction condo at 4088 LESLIE LANE, A45, Philadelphia, PA, features 2 bedrooms and 2 bathrooms. The residence includes an energy-efficient HVAC system. The interior features quartz countertops, stainless steel appliances, and high wall cabinets with under-cabinet lighting in the kitchen. Vinyl flooring extends throughout the living areas. Wood baseboard molding and a patio off the dining room are additional features. The exterior combines brick and vinyl siding. The property is awaiting approval for a 10-year tax abatement. Assigned outdoor parking is available for an additional fee. It will be available on November 2025.
Key Highlights
- First‑time homebuyer loan program offering $6,000 lender credit and 1% off the interest rate.
- New construction condo in the desirable Wynnefield Heights Square community.
- Anticipated 10‑year tax abatement (awaiting approval) for significant cost savings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,302
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,040
$346.0K
Cap Rate 7%
$247,171
$247.2K
Cap Rate 9%
$192,244
$192.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$33.4K $30.36/SF
− Vacancy
−$1.9K −$1.76/SF
EGI
$31.5K $28.60/SF
− OpEx
−$14.2K −$12.87/SF
NOI
$17.3K $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%
$346,040
Cap Rate 7%
$247,171
Cap Rate 9%
$192,244
Alternative Uses
Best Use
Apartment 5plus
$247.2K
$216.3K – $288.4K
NOI $17,302 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$268.2K
$234.6K – $312.9K
NOI $18,771 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction condo with modern features, available November 2025.
Where is this apartment building located?
The property is located at 4088 LESLIE LN #A45 Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: First‑time homebuyer loan program offering **$6,000 lender credit and 1% off the interest rate.**; New construction condo in the desirable Wynnefield Heights Square community.; Anticipated 10‑year tax abatement (awaiting approval) for significant cost savings.
