Redbrick Apartment Building Corner
472527 Chester Avenue Philadelphia, PA 19143
For Sale
$5,999,999
40-unit redbrick apartment building with 14 studios and 26 one-bedroom apartments, with recent boiler, roof, and common area updates.
Property Size20,640 SF
Price / SF$290.70
Days on Market305
Property Features for 472527 Chester Avenue
General Information
- Standard status
- Active
- Size
- 20,640 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing Agency:
Keller Williams Liberty Place
(267) 435-8015
Listed By:
Ryan J McManus · License #RS316262
Source:
Deepcreeklake
Added: Sep 23, 2025
Changed: Jul 24
Last Checked: Jul 24 at 4:15AM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
Chester Avenue Apartments is a redbrick, boutique-style multifamily property featuring 40 total units, including 14 studio apartments and 26 one-bedroom apartments. Ownership has completed substantial capital improvements in recent years, including a new boiler, roof, and updates to common areas.
The building is located on the northeast corner of 48th Street and Chester Avenue in Philadelphia, in the Cedar Park section of West Philadelphia, and is described as adjacent to the University of Pennsylvania.
This property offers a straightforward unit mix centered on studios and one-bedroom apartments, with the recent exterior and systems work already completed by ownership.
The building is located on the northeast corner of 48th Street and Chester Avenue in Philadelphia, in the Cedar Park section of West Philadelphia, and is described as adjacent to the University of Pennsylvania.
This property offers a straightforward unit mix centered on studios and one-bedroom apartments, with the recent exterior and systems work already completed by ownership.
Key Highlights
- 40‑unit redbrick apartment building in Philadelphia, PA
- Unit mix includes 14 studios and 26 one‑bedroom apartments
- Year built: 1925
Financial Insights For Apartment 5plus
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 | $391.3k | $18.96 |
| − Vacancy | −$29.7k | −$1.44 |
| EGI | $361.6k | $17.52 |
| − OpEx | −$162.7k | −$7.88 |
| NOI | $198.9k | $9.64 |
20,640 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.84M
$2.49M – $3.31M
NOI $198,876 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $495,201 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 40-unit redbrick apartment building with 14 studios and 26 one-bedroom apartments, with recent boiler, roof, and common area updates.
Where is this apartment building located?
The property is located at 472527 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: 40‑unit redbrick apartment building in Philadelphia, PA; Unit mix includes 14 studios and 26 one‑bedroom apartments; Year built: 1925
