3-Unit Apartment
For Sale
$645,000
4122 CHESTER Avenue, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size2,805 SF
Lot Size0.04 Acres
Price / SF$229.95
Days on Market194
Property Features for 4122 CHESTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,805 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
10690
Utilities
Heating system
Baseboard, Hot Water(Heating), Electric (Heating)
Amenities
washer/dryer in unit
hardwood floors
Building Details
Year built
1930
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Target Realty · Century 21 Real Estate
(215) 218-0939
Listed By:
Xiao hui Fu · License #RS350117
(267) 234-4938
Added: Apr 7
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# PAPH2604994
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,805-square-foot masonry apartment building dates to 1930 and contains three occupied units. The first-floor residence has three bedrooms, one bathroom, an unfinished full basement, and backyard access. A two-bedroom, one-bathroom apartment occupies the second floor, while the third-floor unit has three bedrooms and two full bathrooms. Each apartment includes a washer and dryer, and hardwood floors extend throughout the building.
The property is in University City, near the University of Pennsylvania, University of the Sciences, HUP, CHOP, Drexel, Presbyterian, and the Science Center. A Green Line hub is one block away, and Center City is about 12 minutes by car or bicycle. Clark Park, restaurants, a movie theater, and Fresh Grocer are also nearby. The property is being sold as-is.
The property is in University City, near the University of Pennsylvania, University of the Sciences, HUP, CHOP, Drexel, Presbyterian, and the Science Center. A Green Line hub is one block away, and Center City is about 12 minutes by car or bicycle. Clark Park, restaurants, a movie theater, and Fresh Grocer are also nearby. The property is being sold as-is.
Key Highlights
- Three apartments, all occupied
- 2,805 square feet in a masonry building constructed in 1930
- First‑floor unit: 3 bedrooms, 1 bath, unfinished full basement, and backyard access
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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Property Analytics
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Open Analytics
Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have in-unit laundry, and hardwood flooring runs throughout the property.
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, all occupied; 2,805 square feet in a masonry building constructed in 1930; First‑floor unit: 3 bedrooms, 1 bath, unfinished full basement, and backyard access
