Fully Occupied Duplex with
4702 Cedar Avenue Philadelphia, PA 19143
For Sale
$510,000
This duplex offers two three-bedroom apartments with a full basement and is currently 100% occupied.
Property Size2,728 SF
Price / SF$186.95
Days on Market10
Property Features for 4702 Cedar Avenue
General Information
- Standard status
- Active
- Size
- 2,728 SF
- Property subtype
- Multi-Family / Fee Simple
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:
Compass
Added: Jul 14
Changed: Jul 21
Last Checked: Jul 22 at 8:22AM
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.
4702 Cedar Avenue is a well-maintained duplex featuring two three-bedroom apartments. The property includes a full basement and has benefited from numerous upgrades and recent renovations in the units, and it is currently 100% occupied, providing rental income immediately.
This duplex must be purchased together with 4700 Cedar (a triplex also listed for sale) due to a common entrance shared between the properties. The location is described as being in the heart of West Philadelphia, within minutes of the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor, which offers restaurants, cafes, and neighborhood retail.
As configured, 4702 Cedar provides residential multifamily housing with direct unit upgrades and an income-producing occupancy status, supported by the shared-entry relationship to 4700 Cedar for acquisition purposes.
This duplex must be purchased together with 4700 Cedar (a triplex also listed for sale) due to a common entrance shared between the properties. The location is described as being in the heart of West Philadelphia, within minutes of the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor, which offers restaurants, cafes, and neighborhood retail.
As configured, 4702 Cedar provides residential multifamily housing with direct unit upgrades and an income-producing occupancy status, supported by the shared-entry relationship to 4700 Cedar for acquisition purposes.
Key Highlights
- 4702 Cedar Avenue is a duplex built in 1925 with two three‑bedroom apartments.
- Property is fully occupied with 100% occupancy, providing rental income from day one.
- 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 5.79%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,286 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$935.0K
$818.1K – $1.09M
NOI $65,451 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - This duplex offers two three-bedroom apartments with a full basement and is currently 100% occupied.
Where is this duplex located?
The property is located at 4702 Cedar Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 4702 Cedar Avenue is a duplex built in 1925 with two three‑bedroom apartments.; Property is fully occupied with 100% occupancy, providing rental income from day one.; Includes a full basement.
