Renovated Four-Unit
For Sale
$699,000
4733 CEDAR AVENUE, Philadelphia, PA 19143
Updated residential units feature modern kitchens, refreshed bathrooms, and in-suite laundry in select units.
Property Size2,875 SF
Days on Market155
Property Features for 4733 CEDAR AVENUE
General Information
Standard status
Active
Size
2,875 SF
Property subtype
Quadruplex
Zoning
RSA 3
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,660
Amenities
in-suite laundry
Building Details
Building Size
2,875 SF
Year Built
1925
Stories
3
Listing Agency:
AM Realty Advisors
Listed By:
Gloria S Williams · License #RS372072
(856) 522-9092
Source:
Patmckennarealtors
Added: Apr 7
Changed: Sep 3
Last Checked: Sep 8 at 12:23PM
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 AM Realty Advisors
Investment Insights
Based on property information with market context.
This 2,875-square-foot quadplex contains four residential units and has undergone substantial interior renovation. Improvements include contemporary kitchens, updated bathrooms, abundant natural light, and in-suite laundry in select residences. The property is zoned RSA 3 and includes a multifamily variance.
Located in Philadelphia’s University City, the property is near UPENN, Saint Joseph’s University City campus, major hospitals, and employment centers. The surrounding institutional and employment presence supports a mix of student, professional, and long-term residential demand. One unit is currently occupied, adding an existing occupancy component to the four-unit configuration.
Located in Philadelphia’s University City, the property is near UPENN, Saint Joseph’s University City campus, major hospitals, and employment centers. The surrounding institutional and employment presence supports a mix of student, professional, and long-term residential demand. One unit is currently occupied, adding an existing occupancy component to the four-unit configuration.
Key Highlights
- Four‑unit quadplex at 4733 CEDAR AVE, Philadelphia, PA 19143
- 2,875 SF residential property
- Zoned RSA 3 with a multifamily variance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,145
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,900
$622.9K
Cap Rate 7%
$444,929
$444.9K
Cap Rate 9%
$346,056
$346.1K
Market Conditions
NOI Build-Up for 2,875 SF
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.
Gross rent
$48.0K $16.68/SF
− Vacancy
−$3.5K −$1.20/SF
EGI
$44.5K $15.48/SF
− OpEx
−$13.3K −$4.64/SF
NOI
$31.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,900
Cap Rate 7%
$444,929
Cap Rate 9%
$346,056
Alternative Uses
Best Use
Multifamily LT 5
$444.9K
$389.3K – $519.1K
NOI $31,145 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$985.4K
$862.2K – $1.15M
NOI $68,978 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,397
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated residential units feature modern kitchens, refreshed bathrooms, and in-suite laundry in select units.
Where is this quadplex located?
The property is located at 4733 CEDAR AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadplex at 4733 CEDAR AVE, Philadelphia, PA 19143; 2,875 SF residential property; Zoned RSA 3 with a multifamily variance
