New Construction Six-Unit
4921 Chester Avenue Philadelphia, PA 19143
For Sale
$1,275,000
New 2025-built, fully leased six-unit apartment building with in-unit washers and dryers and third-floor rooftop deck access.
Property Size4,300 SF
Price / SF$296.51
Days on Market98
Property Features for 4921 Chester Avenue
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2025
Listing Agency:
OCF Realty LLC
(267) 304-1771
Listed By:
Philadelphia
(267) 304-1771
Source:
Xome
Added: Apr 17
Changed: Jul 22
Last Checked: Jul 23 at 4:35AM
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 OCF Realty LLC
Investment Insights
Based on property information with market context.
4921 Chester Avenue is a newly constructed six-unit multifamily apartment building completed in 2025. The property includes residential units with spacious two-bedroom, one-bath layouts. Third-floor units feature private rooftop deck access, adding an outdoor amenity within the unit. The building is described as purpose-built for efficient ownership, with modern building systems and contemporary finishes. In-unit washer and dryers and smart entry systems are included.
The property is positioned approximately half a block from 49th Street Station, providing access to the Market-Frankford Line and multiple SEPTA routes, including the 64 and T3 lines. This transit-oriented setting supports rental demand associated with the surrounding institutional and employment centers.
The offering is presented as fully leased, with an approved 10-year tax abatement intended to keep annual real estate taxes low. Overall, it is positioned as a turnkey, low-maintenance investment with minimal near-term capital expenditure needs based on the new construction scope.
The property is positioned approximately half a block from 49th Street Station, providing access to the Market-Frankford Line and multiple SEPTA routes, including the 64 and T3 lines. This transit-oriented setting supports rental demand associated with the surrounding institutional and employment centers.
The offering is presented as fully leased, with an approved 10-year tax abatement intended to keep annual real estate taxes low. Overall, it is positioned as a turnkey, low-maintenance investment with minimal near-term capital expenditure needs based on the new construction scope.
Key Highlights
- New construction 6‑unit multifamily building at 4921 Chester Avenue, built in 2025 and fully leased
- Approximately 4,300 SF gross building area with six residential units (2‑bedrooms, 1‑bath each)
- Third‑floor units offer private rooftop deck access
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 | $81.5k | $18.96 |
| − Vacancy | −$6.2k | −$1.44 |
| EGI | $75.3k | $17.52 |
| − OpEx | −$33.9k | −$7.88 |
| NOI | $41.4k | $9.64 |
4,300 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$591.9K
$517.9K – $690.6K
NOI $41,433 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,167 @ 7.0% cap · market cap 8.09%
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 - New 2025-built, fully leased six-unit apartment building with in-unit washers and dryers and third-floor rooftop deck access.
Where is this apartment building located?
The property is located at 4921 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: New construction 6‑unit multifamily building at 4921 Chester Avenue, built in 2025 and fully leased; Approximately 4,300 SF gross building area with six residential units (2‑bedrooms, 1‑bath each); Third‑floor units offer private rooftop deck access
