4206 Chestnut St Philadelphia, PA 19104

Property Details for 4206 Chestnut St

Year built

2025

Property size

22,433 SF

Property type

Dormitories

Property subtype

Student housing

APN

272016400; 272016500

Description

This exceptional investment opportunity presents a brand-new, eight-story, 23-unit apartment building in Philadelphia's vibrant University City neighborhood. Boasting 22,433 square feet across a 2,754 square foot lot, this 2025-built property is ideally situated at 4206 Chestnut Street, offering immediate access to a thriving "eds and meds" tenant base. The building's prime location provides unparalleled proximity to the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, and the University Science Center, ensuring high occupancy rates. Residents will enjoy easy access to abundant neighborhood amenities, including popular cafes, bars, restaurants, and multiple grocery stores such as Aldi, Acme, and Grocery Outlet. Convenient public transportation options include bus, trolley, light rail, and regional rail access, with proximity to Interstates 76 and 676 providing easy highway access. The property is zoned CMX-4, allowing for a diverse unit mix (47 beds total) to cater to the area's high demand for student and medical professional housing. This shovel-ready development site presents a compelling investment opportunity with significant potential for strong returns. The property features a walkability score of 96, reflecting its convenient location within walking distance of major institutions and amenities. This is a truly exceptional opportunity to acquire a high-yield, multifamily property in a rapidly growing and desirable market. APN: 272016400; 272016500.