Fully Occupied Duplex with
4702 CEDAR Avenue Philadelphia, PA 19143
New
4702 CEDAR Avenue, Philadelphia, PA, 19143
$510,000
For Sale
$510,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,728 SF
Lot Size0.05 Acres
Price / SF$186.95
Days on Market7
Property Features for 4702 CEDAR Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,728 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7756
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
Listing agency
New Age Realty Group Inc
(215) 387-1002
Listed by
Nicole Caprario · License #RS320794
(215) 387-1002
Added: Jul 17 Checked: Jul 23 at 6:06AM
MLS# PAPH2649238
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
4702 Cedar Avenue is a well-maintained, fully occupied duplex featuring two separate three-bedroom apartments. The property includes a full basement and has benefited from recent renovations and upgrades within the units.
The duplex is located in Philadelphia, PA 19143. Public remarks note proximity to the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor.
The offering states the property must be purchased together with 4700 Cedar (a triplex) because the buildings share a common entrance. As presented, 4702 Cedar provides immediate rental income with 100% occupancy.
The duplex is located in Philadelphia, PA 19143. Public remarks note proximity to the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the Baltimore Avenue commercial corridor.
The offering states the property must be purchased together with 4700 Cedar (a triplex) because the buildings share a common entrance. As presented, 4702 Cedar provides immediate rental income with 100% occupancy.
Key Highlights
- Masonry duplex built in 1925 with forced‑air heating.
- Two 3‑bedroom apartments (5 total bedrooms across 2 units).
- Fully occupied duplex with immediate rental income from day one.
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained, fully occupied duplex with two three-bedroom apartments and a full basement.
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: Masonry duplex built in 1925 with forced‑air heating.; Two 3‑bedroom apartments (5 total bedrooms across 2 units).; Fully occupied duplex with immediate rental income from day one.
