Multifamily
For Sale
$840,000
4813 Chester Avenue, Philadelphia, PA 19143
RSA3 zoning and a 1925 construction date define this Philadelphia multifamily property.
Property Size5,725 SF
Price / SF$146.72
Days on Market547
Property Features for 4813 Chester Avenue
General Information
Standard status
Active
Size
5,725 SF
Total Parking Spaces
5
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Taxes and HOA fees
Annual Taxes
$13,088
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1925
Listing Agency:
Scope Commercial Real Estate Services, Inc.
Listed By:
Joseph M. Loonstyn Jr. · License #RS351792
(267) 252-0223
Source:
Compass
Added: Mar 9, 2025
Changed: Aug 31
Last Checked: Aug 29 at 3:38PM
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 Scope Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This multifamily property at 4813 Chester Avenue in Philadelphia carries RSA3 zoning and was constructed in 1925. The property includes above-grade and below-grade components, with a reported property size of 5,725.
The address is within Philadelphia’s 19143 MLS area. West Philadelphia High School and the Philadelphia City School District are identified in the property information.
The address is within Philadelphia’s 19143 MLS area. West Philadelphia High School and the Philadelphia City School District are identified in the property information.
Key Highlights
- RSA3 zoning
- Constructed in 1925
- Reported property size of 5,725
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
$55,163
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
6.57%
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%
$1,103,260
$1.1M
Cap Rate 7%
$788,043
$788.0K
Cap Rate 9%
$612,922
$612.9K
Market Conditions
NOI Build-Up for 5,725 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
$108.5K $18.96/SF
− Vacancy
−$8.2K −$1.44/SF
EGI
$100.3K $17.52/SF
− OpEx
−$45.1K −$7.88/SF
NOI
$55.2K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,103,260
Cap Rate 7%
$788,043
Cap Rate 9%
$612,922
Alternative Uses
Best Use
Apartment 5plus
$788.0K
$689.5K – $919.4K
NOI $55,163 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,356 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,712
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - RSA3 zoning and a 1925 construction date define this Philadelphia multifamily property.
Where is this multifamily property located?
The property is located at 4813 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: RSA3 zoning; Constructed in 1925; Reported property size of 5,725
