Apartment Building with Seven
5001 CEDAR AVENUE Philadelphia, PA 19143
New
For Sale
$500,000
Seven one-bedroom units, with two currently occupied and several requiring varying levels of rehab, sold as-is.
Property Size3,154 SF
Price / SF$158.53
Days on Market7
Property Features for 5001 CEDAR AVENUE
General Information
- Standard status
- Active
- Size
- 3,154 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing Agency:
Realty World Properties, Inc.
(215) 915-7185
Listed By:
Shawna McAleer
(215) 915-7185
Source:
Xome
Added: Jul 19
Changed: Jul 24
Last Checked: Jul 25 at 2:50AM
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 Realty World Properties, Inc.
Investment Insights
Based on property information with market context.
This apartment building contains seven one-bedroom units. Two units are currently occupied, while three are described as nearly ready for new tenants. The remaining two units are noted as needing complete rehabilitation due to eviction. The property is being sold in an “as-is, where-is” condition.
The building is located at 5001 Cedar Avenue in Philadelphia, PA.
Prospective buyers should review available documentation and city tax records to confirm square footage, assessment, and tax values before proceeding.
The building is located at 5001 Cedar Avenue in Philadelphia, PA.
Prospective buyers should review available documentation and city tax records to confirm square footage, assessment, and tax values before proceeding.
Key Highlights
- 7 one‑bedroom units total, with 2 currently occupied
- 3 units are almost ready for new tenants
- 2 units will require complete rehab due to eviction
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 | $59.8k | $18.96 |
| − Vacancy | −$4.5k | −$1.44 |
| EGI | $55.3k | $17.52 |
| − OpEx | −$24.9k | −$7.88 |
| NOI | $30.4k | $9.64 |
3,154 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$945.9K – $1.26M
NOI $75,672 @ 7.0% cap · market cap 15.13%
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 - Seven one-bedroom units, with two currently occupied and several requiring varying levels of rehab, sold as-is.
Where is this apartment building located?
The property is located at 5001 CEDAR AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 7 one‑bedroom units total, with 2 currently occupied; 3 units are almost ready for new tenants; 2 units will require complete rehab due to eviction
