Bought with Reda B Akbil • Compass Pennsylvania, LLC
$1,050,000
$1,120,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4921 CHESTER AVE Philadelphia, PA 19143
1,473 Sqft Lot
Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision West Philadelphia
MLS Listing ID PAPH2608764
Sold Date 10/07/26
Year Built 2025
Annual Tax Amount $1,292
Tax Year 2025
Lot Size 1,473 Sqft
Acres 0.03
Lot Dimensions 32.00 x 71.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881001242
Ownership Fee Simple
Acceptable Financing Cash, Contract, Conventional, Exchange
Listing Terms Cash, Contract, Conventional, Exchange
Financing Cash,Contract,Conventional,Exchange
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

NEARBY SCHOOLS & BUSINESSES

GET MORE INFORMATION





