Renovated Four-Unit Apartment
4942 CHESTNUT STREET, Philadelphia, PA 19139
For Sale
$665,000
Occupied apartments feature individually managed electric service and a shared coin-operated laundry in the basement.
Property Size2,765 SF
Days on Market50
Property Features for 4942 CHESTNUT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Peter van der Vlugt · License PA RS374437
(484) 431-8821
Source:
Patmckennarealtors
Added: Sep 24
Changed: Nov 11
Last Checked: Nov 12 at 2:39PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This three-story Philadelphia property contains four occupied apartments: a bi-level 4BR/2BA with private outdoor space, a studio with bay windows, a 1BR, and a 2BR with a private third-floor deck. Improvements include a replacement roof, upgraded major building systems, hardwood floors, and refreshed kitchens and baths. Electric service is managed separately for each unit. Residents also have access to a shared coin-operated laundry in the basement. Built in 1925, the property has a 7.72% in-place cap rate and most of its 10-year tax abatement remaining.
At 4942 Chestnut Street in University City, the property is near Penn, Drexel, major medical institutions, public transportation, restaurants, retail, and neighborhood amenities.
At 4942 Chestnut Street in University City, the property is near Penn, Drexel, major medical institutions, public transportation, restaurants, retail, and neighborhood amenities.
Key Highlights
- Four occupied units: bi‑level 4BR/2BA, studio, 1BR, and 2BR
- Three‑story building constructed in 1925
- 7.72% in‑place cap rate; most of the 10‑year tax abatement remains
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,184
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,680
$943.7K
Cap Rate 7%
$674,057
$674.1K
Cap Rate 9%
$524,267
$524.3K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$71.3K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$67.4K $24.38/SF
− OpEx
−$20.2K −$7.31/SF
NOI
$47.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,680
Cap Rate 7%
$674,057
Cap Rate 9%
$524,267
Alternative Uses
Best Use
Multifamily LT 5
$674.1K
$589.8K – $786.4K
NOI $47,184 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$621.3K
$543.7K – $724.9K
NOI $43,492 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Philadelphia, PA
Properties on Market for Quadplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Occupied apartments feature individually managed electric service and a shared coin-operated laundry in the basement.
Where is this quadplex located?
The property is located at 4942 CHESTNUT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Four occupied units: bi‑level 4BR/2BA, studio, 1BR, and 2BR; Three‑story building constructed in 1925; 7.72% in‑place cap rate; most of the 10‑year tax abatement remains
