4921 Chester Ave - Multi-Family FOR SALE


Philadelphia, PA 19143- Kingsessing
$1,275,000 USD
267-304-1771
4921 Chester Ave, Philadelphia, PA for Sale
$1,275,000 USD
Multi-Family - FOR SALE
1/74
null | 7.6% Cap Rate

4921 Chester Ave
Philadelphia, PA 19143
Kingsessing


HIGHLIGHTS

  • high traffic area
  • new construction
  • tax abatement
  • close to public transit
  • fully occupied

OVERVIEW

Welcome to 4921 Chester Avenue, a rare opportunity to acquire a fully leased, new construction 6-unit multifamily investment property in one of West Philadelphia’s fastest-growing rental corridors. Built in 2025, this turnkey asset offers approximately 4,300 square feet of gross building area and is positioned for immediate cash flow, long-term appreciation, and low-maintenance ownership. This stabilized apartment building consists of six residential units, including spacious 2-bedrooms and 1-bath residences. The third-floor units each feature private rooftop deck access, a highly desirable amenity that supports premium rents and strong tenant retention. Purpose-built for efficient ownership, this new construction multifamily property features modern building systems, energy-efficient mechanicals, updated infrastructure, contemporary finishes, in-unit washer and dryers, smart entry systems, and minimal near-term capital expenditure needs, making it an ideal hands-off investment for buy-and-hold investors, 1031 exchange buyers, and portfolio expansion. A major value driver is the approved 10-year tax abatement, keeping annual real estate taxes exceptionally low and significantly enhancing net operating income and investor returns. Combined with the benefits of new construction, this creates a highly attractive, low-expense, low-maintenance investment profile. Just half a block from 49th Street Station, this property offers unbeatable access to the Market-Frankford Line, multiple SEPTA routes, the 64 line, and the T3 line—providing seamless connectivity to University City, Center City, University of Pennsylvania, Drexel University, Children's Hospital of Philadelphia, and other major employment centers. This highly desirable transit-oriented location drives strong and reliable rental demand from students, medical professionals, university employees, and local workforce tenants alike. West Philadelphia continues to see significant redevelopment and steady housing demand, with rental rates showing consistent year-over-year growth. Positioned near major institutions and transit corridors, this asset is well suited for long-term appreciation, stable occupancy, and continued income growth. A rare opportunity to acquire a fully leased, new construction multifamily investment with immediate cash flow, low taxes, and strong upside in one of Philadelphia’s fastest-growing neighborhoods.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

7.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,473 SF

ZONING

RM1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dava CostelloOCF Realty LLCMore Info
267-304-1771

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Dava CostelloOCF Realty LLCMore Info
267-304-1771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.