New Construction 6-Unit Apartment
For Sale
$1,120,000
4921 Chester Avenue, Philadelphia, PA 19143
Fully leased multifamily asset with rooftop deck access, in-unit laundry, and transit connectivity.
Property Size4,300 SF
Price / SF$260.47
Days on Market119
Property Features for 4921 Chester Avenue
General Information
Standard status
Active
Size
4,300 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Additional Details
Public Transit
Yes
Multifamily Units
6
Amenities
private rooftop deck access
in-unit washer and dryers
smart entry systems
Building Details
Year Built
2025
Buildings
1
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Dava Costello · License #RS332269
Source:
Deepcreeklake
Added: Apr 8
Changed: Aug 3
Last Checked: Aug 4 at 9:43AM
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 - Philadelphia
Investment Insights
Based on property information with market context.
Located at 4921 Chester Avenue in Philadelphia, this 2025 apartment building contains six residential units within approximately 4,300 square feet of gross building area. The residences include 2-bedroom, 1-bath layouts, while third-floor units provide access to private rooftop decks. In-unit washers and dryers, smart entry systems, contemporary finishes, and modern building systems are also included.
The property is positioned half a block from 49th Street Station, with access to the Market-Frankford Line, multiple SEPTA routes, the 64 line, and the T3 line. Transit connections extend to University City, Center City, the University of Pennsylvania, Drexel University, and Children’s Hospital of Philadelphia. An approved 10-year tax abatement is part of the property profile, and the building is fully leased.
The property is positioned half a block from 49th Street Station, with access to the Market-Frankford Line, multiple SEPTA routes, the 64 line, and the T3 line. Transit connections extend to University City, Center City, the University of Pennsylvania, Drexel University, and Children’s Hospital of Philadelphia. An approved 10-year tax abatement is part of the property profile, and the building is fully leased.
Key Highlights
- Six‑unit apartment building constructed in 2025
- Approximately 4,300 square feet of gross building area
- Fully leased residential asset
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 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,167 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,650
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?
Apartment building - Fully leased multifamily asset with rooftop deck access, in-unit laundry, and transit connectivity.
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 $1,120,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 2025; Approximately 4,300 square feet of gross building area; Fully leased residential asset
