Fully Occupied Triplex Income
4700 CEDAR AVENUE Philadelphia, PA 19143
For Sale
$540,000
A fully occupied triplex with one one-bedroom, one studio, and one three-bedroom unit plus a full basement.
Property Size2,728 SF
Price / SF$197.95
Days on Market9
Property Features for 4700 CEDAR AVENUE
General Information
- Standard status
- Active
- Size
- 2,728 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1925
Listing Agency:
New Age Realty Group Inc
(215) 387-1002
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Source:
Cummingsrealtors
Added: Jul 15
Changed: Jul 21
Last Checked: Jul 23 at 5:39AM
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 New Age Realty Group Inc
Investment Insights
Based on property information with market context.
4700 Cedar Avenue is a well-maintained, fully occupied triplex featuring one one-bedroom apartment, one studio apartment, and one spacious three-bedroom apartment. The property also includes a full basement, and several units have benefited from recent renovations and upgrades.
The triplex is located in West Philadelphia, described as being minutes from University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor.
This property must be purchased together with 4702 Cedar due to a common entrance, and the two connected buildings provide five total residential units accessed through the shared entryway.
The triplex is located in West Philadelphia, described as being minutes from University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor.
This property must be purchased together with 4702 Cedar due to a common entrance, and the two connected buildings provide five total residential units accessed through the shared entryway.
Key Highlights
- Fully occupied triplex (100% rented) generating immediate rental income from day one
- Unit mix includes one 1‑bedroom, one studio, and one 3‑bedroom apartment
- Includes a full basement
Financial Insights For Multifamily LT 5
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 | $45.5k | $16.68 |
| − Vacancy | −$3.3k | −$1.20 |
| EGI | $42.2k | $15.48 |
| − OpEx | −$12.7k | −$4.64 |
| NOI | $29.6k | $10.83 |
2,728 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.2K
$369.4K – $492.5K
NOI $29,552 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$935.0K
$818.1K – $1.09M
NOI $65,451 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - A fully occupied triplex with one one-bedroom, one studio, and one three-bedroom unit plus a full basement.
Where is this triplex located?
The property is located at 4700 CEDAR AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Fully occupied triplex (100% rented) generating immediate rental income from day one; Unit mix includes one 1‑bedroom, one studio, and one 3‑bedroom apartment; Includes a full basement
