New Construction 6-Unit
For Sale
Under Contract
$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 Market108
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 Under Contract
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
Amenities
private rooftop deck access
in-unit washer/dryers
smart entry systems
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: Aug 5
Last Checked: Aug 13 at 2:06AM
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
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
$41,433
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
3.70%
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%
$828,660
$828.7K
Cap Rate 7%
$591,900
$591.9K
Cap Rate 9%
$460,367
$460.4K
Market Conditions
NOI Build-Up for 4,300 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
$81.5K $18.96/SF
− Vacancy
−$6.2K −$1.44/SF
EGI
$75.3K $17.52/SF
− OpEx
−$33.9K −$7.88/SF
NOI
$41.4K $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%
$828,660
Cap Rate 7%
$591,900
Cap Rate 9%
$460,367
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
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
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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.
