3-Unit Apartment
For Sale
$645,000
4122 CHESTER AVENUE, Philadelphia, PA 19104
Three residential units offer varied bedroom layouts, in-unit laundry, and hardwood flooring.
Property Size2,805 SF
Days on Market201
Property Features for 4122 CHESTER AVENUE
General Information
Standard status
Active
Size
2,805 SF
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Woodland Terrace
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,690
Amenities
washer/dryer in unit
hardwood floors
Building Details
Building Size
2,805 SF
Year Built
1930
Buildings
1
Listing Agency:
Target Realty
Listed By:
Xiao hui Fu · License #RS350117
(267) 234-4938
Source:
Patmckennarealtors
Added: Apr 7
Changed: Oct 21
Last Checked: Oct 23 at 2:14PM
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 Target Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this three-unit apartment property contains a three-bedroom, one-bath residence on the first floor, a two-bedroom, one-bath unit on the second, and a three-bedroom, two-bath unit on the third. The first-floor apartment also has a full unfinished basement and access to the backyard. Each unit includes a washer and dryer, and hardwood flooring runs throughout the building. All three apartments are occupied. The property is being sold in as-is condition.
The building is near the University of the Sciences, the University of Pennsylvania, HUP, CHOP, Drexel, Presby, and the Science Center. SEPTA service includes a Green Line hub one block away. Clark Park, Fresh Grocer near 40th and Walnut, and Penn Alexander School are among the named nearby destinations and area features.
The building is near the University of the Sciences, the University of Pennsylvania, HUP, CHOP, Drexel, Presby, and the Science Center. SEPTA service includes a Green Line hub one block away. Clark Park, Fresh Grocer near 40th and Walnut, and Penn Alexander School are among the named nearby destinations and area features.
Key Highlights
- Three apartments: 3‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 3‑bedroom/2‑bath
- First‑floor unit includes a full unfinished basement and backyard access
- Washer and dryer in each unit; hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,867
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,340
$957.3K
Cap Rate 7%
$683,814
$683.8K
Cap Rate 9%
$531,856
$531.9K
Market Conditions
NOI Build-Up for 2,805 SF
Gross rent
$72.4K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$68.4K $24.38/SF
− OpEx
−$20.5K −$7.31/SF
NOI
$47.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,340
Cap Rate 7%
$683,814
Cap Rate 9%
$531,856
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 6.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,483
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied bedroom layouts, in-unit laundry, and hardwood flooring.
Where is this triplex located?
The property is located at 4122 CHESTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three apartments: 3‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 3‑bedroom/2‑bath; First‑floor unit includes a full unfinished basement and backyard access; Washer and dryer in each unit; hardwood flooring throughout
