Renovated 6-Unit Apartment
For Sale
$1,225,000
5352 5352-54 Cedar Ave, Philadelphia, PA 19143
Vacant multifamily property with separately metered electric utilities, in-unit laundry, and updated common areas.
Property Size4,840 SF
Price / SF$253.10
Days on Market74
Property Features for 5352 5352-54 Cedar Ave
General Information
Standard status
Active
Size
4,840 SF
Building Details
Year Built
2026
Listing Agency:
Addison Real Estate Company Inc
Listed By:
Jonathan M Tori · License #RM419819
(267) 227-4971
Source:
Riverfoxrealty
Added: Aug 9
Changed: Oct 5
Last Checked: Oct 20 at 10:39PM
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 Addison Real Estate Company Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,840-square-foot apartment building contains six units: two 3-bedroom, 2-bath residences, three 2-bedroom residences, and one 1-bedroom residence. The units feature hardwood flooring, recessed lighting, stainless steel appliances, refreshed kitchens and bathrooms, and in-unit laundry. First-floor residences include private rear yard areas, while covered front porches and upgraded common spaces add to the building’s shared amenities. Mechanical systems, fire protection equipment, and the alarm system have also been updated. The property was built in 2026 and is delivered fully vacant.
Located across from the PHMC Public Health Campus, the property is near University City, major hospitals, Center City access, public transportation, Clark Park, Baltimore Avenue retail, and neighborhood dining. Utilities are fully electric and separately metered. A 10-year tax abatement with phased step-up structure is in place.
Located across from the PHMC Public Health Campus, the property is near University City, major hospitals, Center City access, public transportation, Clark Park, Baltimore Avenue retail, and neighborhood dining. Utilities are fully electric and separately metered. A 10-year tax abatement with phased step-up structure is in place.
Key Highlights
- Six‑unit apartment building totaling 4,840 square feet
- Unit mix includes two 3‑bedroom, 2‑bath units, three 2‑bedroom units, and one 1‑bedroom unit
- Fully vacant delivery with private rear yards serving first‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,636
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,720
$932.7K
Cap Rate 7%
$666,229
$666.2K
Cap Rate 9%
$518,178
$518.2K
Market Conditions
NOI Build-Up for 4,840 SF
Gross rent
$91.8K $18.96/SF
− Vacancy
−$7.0K −$1.44/SF
EGI
$84.8K $17.52/SF
− OpEx
−$38.2K −$7.88/SF
NOI
$46.6K $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 Rate 5%
$932,720
Cap Rate 7%
$666,229
Cap Rate 9%
$518,178
Alternative Uses
Best Use
Apartment 5plus
$666.2K
$583.0K – $777.3K
NOI $46,636 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,123 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,981
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
Frequently Asked Questions
What type of property is this?
Apartment building - Vacant multifamily property with separately metered electric utilities, in-unit laundry, and updated common areas.
Where is this apartment building located?
The property is located at 5352 5352-54 Cedar Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Six‑unit apartment building totaling 4,840 square feet; Unit mix includes two 3‑bedroom, 2‑bath units, three 2‑bedroom units, and one 1‑bedroom unit; Fully vacant delivery with private rear yards serving first‑floor units
