Renovated Cedar Park
4706 Cedar Avenue Philadelphia, PA 19143
4706 Cedar Avenue, Philadelphia, PA, 19143
$725,000
For Sale
$725,000
Fully leased triplex with three renovated one-bedroom apartments and separate HVAC, in-unit laundry, and equipped kitchens.
Property Size2,448 SF
Price / SF$296.16
Days on Market42
Property Features for 4706 Cedar Avenue
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
Compass
(215) 284-9432
Listed by
Tom Englett · License #RS277112
(215) 284-9432
Source
Compass
Added: Jun 12 Updated: Jul 22 at 3:33PM Checked: Jul 22 at 3:33PM
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 Compass
Investment Insights
Based on property information with market context.
This fully leased triplex offers three spacious one-bedroom apartments. Each unit has been renovated within the last decade and features separate HVAC, in-unit laundry, and fully equipped kitchens with dishwashers and built-in microwaves.
The apartments are consistently updated throughout. Original stained-glass windows, antique hardware, and ornate wood floors are preserved where it counts, paired with fresh tile and updated fixtures. The tenants also pay their own gas and electricity. A shared backyard provides additional outdoor space for grilling, container gardening, and small gatherings under the trees.
Located in Cedar Park on a leafy, architecturally rich block, the property is within walking distance to Clark Park and area dining and neighborhood amenities along Baltimore Avenue. Transportation access includes a bus stop less than one mile and a metro/subway station less than one mile, supporting convenient trips to University City and Center City.
The apartments are consistently updated throughout. Original stained-glass windows, antique hardware, and ornate wood floors are preserved where it counts, paired with fresh tile and updated fixtures. The tenants also pay their own gas and electricity. A shared backyard provides additional outdoor space for grilling, container gardening, and small gatherings under the trees.
Located in Cedar Park on a leafy, architecturally rich block, the property is within walking distance to Clark Park and area dining and neighborhood amenities along Baltimore Avenue. Transportation access includes a bus stop less than one mile and a metro/subway station less than one mile, supporting convenient trips to University City and Center City.
Key Highlights
- Fully leased Cedar Park triplex with projected $72,000 in gross annual rent and a projected 7% cap rate
- Three renovated one‑bedroom apartments, renovated within the last decade
- Each unit has separate HVAC and in‑unit washer/dryer
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 | $40.8k | $16.68 |
| − Vacancy | −$2.9k | −$1.20 |
| EGI | $37.9k | $15.48 |
| − OpEx | −$11.4k | −$4.64 |
| NOI | $26.5k | $10.83 |
2,448 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.5K – $442.0K
NOI $26,519 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$337.0K
$294.9K – $393.1K
NOI $23,588 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$839.0K
$734.2K – $978.9K
NOI $58,733 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully leased triplex with three renovated one-bedroom apartments and separate HVAC, in-unit laundry, and equipped kitchens.
Where is this triplex located?
The property is located at 4706 Cedar Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully leased Cedar Park triplex with projected $72,000 in gross annual rent and a projected 7% cap rate; Three renovated one‑bedroom apartments, renovated within the last decade; Each unit has separate HVAC and in‑unit washer/dryer
