Multifamily Property Requiring
For Sale
$299,999
5643 Chester Avenue, Philadelphia, PA 19143
CMX2-zoned multifamily asset in Philadelphia requiring rehabilitation and offering above-grade and below-grade space.
Property Size2,769 SF
Price / SF$108.34
Days on Market735
Property Features for 5643 Chester Avenue
General Information
Standard status
Active
Size
2,769 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Property Condition
Severity
Repairs Needed
Evidence
Rehabilitation Required!
Taxes and HOA fees
Annual Taxes
$1,275
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Listing Agency:
Valor Real Estate, LLC.
Listed By:
Yve S Banks · License #RM423439
(267) 975-0372
Source:
Compass
Added: Sep 5, 2024
Changed: Aug 31
Last Checked: Aug 30 at 7:32AM
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 Valor Real Estate, LLC.
Investment Insights
Based on property information with market context.
This multifamily property at 5643 Chester Avenue was built in 1920 and requires rehabilitation. The property includes above-grade and below-grade space, with no pool identified among the exterior features. Its 2,769 property-size figure provides additional scale for evaluating the asset.
The property is located in Philadelphia County within MLS Area 19143 and is served by The School District of Philadelphia. CMX2 zoning is identified for the site.
The property is located in Philadelphia County within MLS Area 19143 and is served by The School District of Philadelphia. CMX2 zoning is identified for the site.
Key Highlights
- Multifamily property requiring rehabilitation
- CMX2 zoning
- Built in 1920
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
$26,681
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
8.89%
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%
$533,620
$533.6K
Cap Rate 7%
$381,157
$381.2K
Cap Rate 9%
$296,456
$296.5K
Market Conditions
NOI Build-Up for 2,769 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
$52.5K $18.96/SF
− Vacancy
−$4.0K −$1.44/SF
EGI
$48.5K $17.52/SF
− OpEx
−$21.8K −$7.88/SF
NOI
$26.7K $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%
$533,620
Cap Rate 7%
$381,157
Cap Rate 9%
$296,456
Alternative Uses
Best Use
Apartment 5plus
$381.2K
$333.5K – $444.7K
NOI $26,681 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.1K
$830.4K – $1.11M
NOI $66,435 @ 7.0% cap · market cap 22.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,162
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?
Multifamily property - CMX2-zoned multifamily asset in Philadelphia requiring rehabilitation and offering above-grade and below-grade space.
Where is this multifamily property located?
The property is located at 5643 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Multifamily property requiring rehabilitation; CMX2 zoning; Built in 1920
