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    West Philadelphia Multifamily Investment Opportunity Title is generated by Realmo AI

    4123-27 Westminster Avenue, Philadelphia, PA 19104

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    12-unit multifamily property in West Philadelphia with tax abatement.

    Type:Multifamily
    Property size:
    9,000 SF
    Price / SF:
    $263/SF
    Added:
    May 11, 2026
    Days on Market:
    24
    Last Refresh:
    May 14 at 9:19 pm

    Property Features for 4123-27 Westminster Avenue

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2024

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    Listing Contact
    Saam Tashayyod

    Listing agent Saam Tashayyod License #PA RM425803

    Listing office Trophy Commercial Real Estate

    Listing date May 11, 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 Trophy Commercial Real Estate

    HighLights

    • Full 10‑year tax abatement in year 1.
    • 7.10% cap rate in place with potential to achieve 7.80% through mark‑to‑market leasing.
    • New construction (2024).
    • 12‑unit multifamily investment property.
    • Large 2‑bedroom, 2‑bathroom units averaging 750 square feet.
    • Efficient and highly rentable unit mix appealing to a broad tenant base (students, young professionals).

    Overview

    Located in West Philadelphia, 4123–27 Westminster Avenue is a 12-unit multifamily investment property. The asset features exclusively large 2-bedroom, 2-bathroom units, each averaging approximately 750 square feet. This unit mix is designed to appeal to a diverse tenant base, including students, young professionals, and roommate-style renters. The property benefits from a straightforward layout, consistent unit configuration, and efficient property management. The property is in year 1 of the full 10-year tax abatement. The property has an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing. The property has a total size of 9000 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $273.2k $30.36
    − Vacancy −$15.8k −$1.76
    EGI $257.4k $28.60
    − OpEx −$115.8k −$12.87
    NOI $141.6k $15.73
    9,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.02M
    $1.77M – $2.36M (±1% cap)
    NOI $141,566 @ 7.0% cap · market cap 5.96%
    Second Best
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $2.19M
    $1.92M – $2.56M (±1% cap)
    NOI $153,584 @ 7.0% cap · market cap 6.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.20661
    Latitude
    39.97043

    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property in West Philadelphia with tax abatement.
    Where is this apartment building located?
    The property is located at 4123-27 Westminster Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: Full 10‑year tax abatement in year 1.; 7.10% cap rate in place with potential to achieve 7.80% through mark‑to‑market leasing.; New construction (2024).
    More about this property
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