University City Boutique
4210 Chestnut St, Philadelphia, PA 19104
47-unit, 96-bed mid-rise near Penn Medicine and CHOP.
Type:Multifamily
Property size:
50,044 SFPrice / SF:
$289/SF- Added:
- Mar 12, 2026
- Days on Market:
- 109
- Last Refresh:
- Mar 19 at 11:05 pm
Property Features for 4210 Chestnut St
General Information
- Standard status
- Active
- Size
- 50,044 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2017
Listing office GREA
Listing date Mar 12, 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 GREA
HighLights
- Stable, recession‑proof tenant base due to proximity to Penn Medicine and Children’s Hospital of Philadelphia (CHOP).
- Located in University City, a premier Philadelphia neighborhood with exceptional educational institutions and medical facilities.
- High‑efficiency 2x2 and 3x3 floor plans.
- Convenient location: 0.5‑mile walk to Penn Presbyterian Medical Center and direct SEPTA trolley access to Center City.
- Features a fitness center and video monitoring.
- Built in 2017.
Overview
This 47-unit, 96-bed boutique mid-rise caters to the "Eds & Meds" demand from Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). The property offers a stable, recession-proof tenant base with high-efficiency 2x2 and 3x3 floor plans. Located just off the corner of 42nd Street and Chestnut Street, the six-story building includes a fitness center and video monitoring. It is a 0.5-mile walk to Penn Presbyterian Medical Center (Penn Medicine) and offers direct SEPTA trolley access to Center City. University City is a regional leader in science and innovation, featuring universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents and 85,000 jobs in medicine, higher education, real estate, technology, and hospitality. University City offers real estate development opportunities and transportation infrastructure, including bicycle and pedestrian thoroughfares. This area is a cultural destination, transportation hub, and employment center supporting development projects and life sciences advancements. With a diverse population, varied housing and rental options, educational institutions and medical facilities, and amenities, University City is considered one of Philadelphia’s premier neighborhoods. The property size is 50,044 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 | $1.52M | $30.36 |
| − Vacancy | −$88.1k | −$1.76 |
| EGI | $1.43M | $28.60 |
| − OpEx | −$644.0k | −$12.87 |
| NOI | $787.2k | $15.73 |
50,044 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$11.25M
$9.84M – $13.12M
NOI $787,168 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.20M
$10.67M – $14.23M
NOI $853,996 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Moya Kinnealey, OT
Physician
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.206635
- Latitude
- 39.95594
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 47-unit, 96-bed mid-rise near Penn Medicine and CHOP.
Where is this apartment building located?
The property is located at 4210 Chestnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Stable, recession‑proof tenant base due to proximity to Penn Medicine and Children’s Hospital of Philadelphia (CHOP).; Located in University City, a premier Philadelphia neighborhood with exceptional educational institutions and medical facilities.; High‑efficiency 2x2 and 3x3 floor plans.
