Renovated Two-Unit
For Sale
$510,000
4702 Cedar Ave, Philadelphia, PA 19143
Fully occupied property contains two three-bedroom apartments and a full basement.
Property Size2,728 SF
Price / SF$186.95
Days on Market94
Property Features for 4702 Cedar Ave
General Information
Standard status
Active
Size
2,728 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1925
Buildings
2
Listing Agency:
New Age Realty Group Inc
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Source:
Upgradebymichaud
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 20 at 10:40PM
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
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Investment Insights
Based on property information with market context.
Located at 4702 Cedar Ave, this 1925-built residential duplex contains two three-bedroom apartments and a full basement. The units have undergone recent renovations and other upgrades, while the property is currently 100% occupied. A shared entrance connects the building with 4700 Cedar, and the two properties are required to be purchased together, creating a combined five-unit residential offering.
The property is situated in West Philadelphia near the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor. Restaurants, cafes, shops, and neighborhood amenities line the surrounding area. The duplex provides a defined two-unit configuration within a broader multifamily acquisition, with renovated apartment interiors, basement space, and existing occupancy.
The property is situated in West Philadelphia near the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor. Restaurants, cafes, shops, and neighborhood amenities line the surrounding area. The duplex provides a defined two-unit configuration within a broader multifamily acquisition, with renovated apartment interiors, basement space, and existing occupancy.
Key Highlights
- Two three‑bedroom apartments within a single duplex
- 100% occupied residential property
- Full basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,552
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,040
$591.0K
Cap Rate 7%
$422,171
$422.2K
Cap Rate 9%
$328,356
$328.4K
Market Conditions
NOI Build-Up for 2,728 SF
Gross rent
$45.5K $16.68/SF
− Vacancy
−$3.3K −$1.20/SF
EGI
$42.2K $15.48/SF
− OpEx
−$12.7K −$4.64/SF
NOI
$29.6K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,040
Cap Rate 7%
$422,171
Cap Rate 9%
$328,356
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 authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied property contains two three-bedroom apartments and a full basement.
Where is this duplex located?
The property is located at 4702 Cedar Ave 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: Two three‑bedroom apartments within a single duplex; 100% occupied residential property; Full basement included
