3-Unit Triplex with Finished
New
For Sale
$549,900
5013-00 CHESTER AVE, Philadelphia, PA 19143
Each apartment has its own forced-air heating and air conditioning system.
Property Size4,066 SF
Price / SF$135.24
Days on Market7
Property Features for 5013-00 CHESTER AVE
General Information
Standard status
Active
Size
4,066 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Neighborhood
Southwest Philadelphia
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Individually Metered Utilities
electricity, water
Additional Details
Asking Price
$549,900
Tenant in Place
Yes
Building Details
Buildings
1
Listing Agency:
RE/MAX Preferred - Cherry Hill
(856) 616-2626
Listed By:
ARAFAT FARHAT · License #RS352372
(609) 352-5803
Source:
Towncentermd
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 8:03AM
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 RE/MAX Preferred - Cherry Hill
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Investment Insights
Based on property information with market context.
This 4,066-SF triplex is legally zoned for three apartments, each with two bedrooms, and all three units are leased. A finished basement adds substantial interior space. Each apartment has an independent forced-air heating and air conditioning system, while separate electric and water meters serve the building. The property also includes a rear yard, an automated security floodlight system, and new concrete around the exterior. A newly installed 5-inch main sewer line carries a 100-year corrosion warranty.
Set on a corner in University City, the property has access to the Route 13 Trolley and Regional Rail. Universities and hospital networks are described as minutes away. The building is stated to comply with the Philadelphia Fire Code.
Set on a corner in University City, the property has access to the Route 13 Trolley and Regional Rail. Universities and hospital networks are described as minutes away. The building is stated to comply with the Philadelphia Fire Code.
Key Highlights
- Legally zoned triplex with three 2‑bedroom apartments; all three are leased
- 4,066 SF property with a finished basement
- Separate electric and water meters; independent forced‑air heating and A/C in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,047
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,940
$880.9K
Cap Rate 7%
$629,243
$629.2K
Cap Rate 9%
$489,411
$489.4K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$67.8K $16.68/SF
− Vacancy
−$4.9K −$1.20/SF
EGI
$62.9K $15.48/SF
− OpEx
−$18.9K −$4.64/SF
NOI
$44.0K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,940
Cap Rate 7%
$629,243
Cap Rate 9%
$489,411
Alternative Uses
Best Use
Multifamily LT 5
$629.2K
$550.6K – $734.1K
NOI $44,047 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$559.7K
$489.7K – $653.0K
NOI $39,178 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,553 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,785
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has its own forced-air heating and air conditioning system.
Where is this triplex located?
The property is located at 5013-00 CHESTER AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Legally zoned triplex with three 2‑bedroom apartments; all three are leased; 4,066 SF property with a finished basement; Separate electric and water meters; independent forced‑air heating and A/C in each apartment
