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28-Unit Apartment Building
For Sale
$5,350,000

414648 Parkside Avenue, Philadelphia, PA 19104

Newly constructed multifamily property overlooking Fairmount Park in Philadelphia’s Parkside area.

Property SizeContact for details
Days on Market45

Property Features for 414648 Parkside Avenue

General Information

Standard status Active
Property subtype Commercial
Lease Term []
Net Operating Income $322,921

Additional Details

Multifamily Units 28

Building Details

Year Built 2023
Listing Agency: Trophy Commercial Real Estate LLC
Listed By: Saam Tashayyod · License #RM425803
Source: Deepcreeklake
Added: Jul 22 Changed: Sep 4 Last Checked: Sep 4 at 10:00AM

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 LLC

Investment Insights

Based on property information with market context.

Completed in 2023, this 28-unit apartment building offers modern multifamily construction at 4146-48 Parkside Avenue in Philadelphia. The property is positioned directly overlooking Fairmount Park and is suited to multifamily investment ownership.

Approximately seven years remain on Philadelphia’s original 10-year tax abatement. The asset is located near University City and Center City, providing a Parkside setting with access to two established Philadelphia districts.

Key Highlights

  • 28‑unit multifamily property built in 2023
  • Directly overlooks Fairmount Park
  • Approximately 7 years remain on Philadelphia’s original 10‑year tax abatement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Residential units

Location Intelligence

Trade Area within ½ mile

941
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly constructed multifamily property overlooking Fairmount Park in Philadelphia’s Parkside area.
Where is this apartment building located?
The property is located at 414648 Parkside Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,350,000.
What are key features of this property?
This property features: 28‑unit multifamily property built in 2023; Directly overlooks Fairmount Park; Approximately 7 years remain on Philadelphia’s original 10‑year tax abatement
More about this property
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