New Construction 6-Unit
For Sale
$1,120,000
4921 CHESTER Avenue, Philadelphia, PA 19143
MULTI_FAMILY - PHILADELPHIA, PA
Property Size4,300 SF
Lot Size0.05 Acres
Price / SF$260.47
Days on Market95
Property Features for 4921 CHESTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,300 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
979
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2025
Number of units
4
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Dava Costello · License #RS332269
(267) 304-1771
Added: Apr 28
Changed: Jul 13
Last Checked: Jul 31 at 9:06PM
MLS# PAPH2608734
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
4921 Chester Avenue is a fully leased, new construction six-unit multifamily property built in 2025. The building includes six residential units with spacious 2-bedroom, 1-bath layouts, and the third-floor units feature private rooftop deck access. Unit interiors are supported by in-unit washer and dryers, and the building incorporates smart entry systems.
The property is positioned near 49th Street Station, providing access to the Market-Frankford Line and multiple SEPTA routes, including the 64 and the T3 lines, according to the seller’s remarks. An approved 10-year tax abatement is also identified in the offering materials.
With six purpose-built apartments and modern building systems and finishes, the property is presented for low-maintenance ownership. The offering notes minimal near-term capital expenditure needs and emphasizes a turnkey condition for buyers seeking an income-producing multifamily investment.
The property is positioned near 49th Street Station, providing access to the Market-Frankford Line and multiple SEPTA routes, including the 64 and the T3 lines, according to the seller’s remarks. An approved 10-year tax abatement is also identified in the offering materials.
With six purpose-built apartments and modern building systems and finishes, the property is presented for low-maintenance ownership. The offering notes minimal near-term capital expenditure needs and emphasizes a turnkey condition for buyers seeking an income-producing multifamily investment.
Key Highlights
- New construction (2025) 6‑unit multifamily property, fully leased and generating immediate cash flow.
- Approved 10‑year tax abatement significantly enhances net operating income and investor returns.
- Prime location: Half a block from 49th Street Station, providing excellent access to public transportation and major employment centers.
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
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Built in 2025 and fully leased, this six-unit building includes in-unit laundry and select private 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 $1,120,000.
What are key features of this property?
This property features: New construction (2025) 6‑unit multifamily property, fully leased and generating immediate cash flow.; Approved 10‑year tax abatement significantly enhances net operating income and investor returns.; Prime location: Half a block from 49th Street Station, providing excellent access to public transportation and major employment centers.
