4706 Cedar Ave,PHILADELPHIA, PA 19143
PHILADELPHIA, PA 19143
Description
Investors looking for a stabilized, cash-flowing asset in one of West Philadelphia's most durable rental markets should take a close look at 4706 Cedar Ave. This fully occupied triplex generates $72,000 in gross annual rent against lean operating expenses, delivering a projected 7% cap rate on a self-managed basis (slightly lower with third-party management factored in). Three one-bedroom units are leased at $1,900, $2,000, and $2,100 per month, with tenants responsible for their own gas and electric. Net operating income runs approximately $52,200 annually, and the property has a track record of minimal turnover, with new tenants signing quickly whenever a unit does become available. For buyers deploying 1031 exchange proceeds, this is a turnkey asset that can begin producing income from day one without a renovation timeline eating into your exchange window. Exceptionally maintained in excellent condition, this twin/semi-detached Victorian offers 2,448 finished square feet across three levels. Each unit has been renovated within the last decade. Updates include plumbing, electric, separate HVAC systems, in-unit laundry, and a fully equipped kitchen with dishwasher and built-in microwave, the kind of finishes that attract long-term, quality tenants. Original character remains where it counts: stained glass windows, antique hardware, and ornate wood floors are preserved throughout, paired with updated fixtures and efficient forced-air heating and cooling. A full basement and shared backyard round out the property, giving tenants outdoor space that supports strong retention. Situated on a tree-lined block in Cedar Park, the property sits within walking distance of Clark Park, Baltimore Avenue's restaurant and cafe corridor, Mariposa Food Co-op, and neighborhood staples like Green Line Cafe, Booker's Restaurant & Bar, Local 44, Dahlak, Kaffa Crossing, and Amari's. Transit access via the 34 trolley and 42 bus puts University City and Center City within easy reach, a major draw for the steady pool of UPenn, Drexel, and CHOP-affiliated renters who anchor demand in this submarket. 4706 Cedar Ave combines the fundamentals investors look for: full occupancy, below-market operating costs, no deferred maintenance, and a location with consistently strong rental demand. Whether you're a seasoned owner adding a low-maintenance asset to your portfolio, a first-time multifamily buyer, or an investor working against a 1031 exchange deadline, this property offers immediate cash flow with long-term upside in a neighborhood that continues to attract renters year after year.
Details
| MLS # | PAPH2611570 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 62 |
| Listing Provided By | Compass Pennsylvania, LLC | Tom Englett |
Features
| SQ Feet | 2,448 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | RSA3 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C, Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Stone, Brick |
|---|---|
| Foundation Details | Stone |
| Lot Features | Level, Rear Yard |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7891 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | UNIVERSITY CITY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $725,000 low | high Med: $2,350 sqft: 2,448 low | high Med: 1,500 $ / sqft: $296 low | high Med: $2 On site: 62 low | high Med: 162 | |
Market Activity 19143
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19143 |
| Area | 19143 (19143) |
| Community Name | UNIVERSITY CITY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $725,000 low | high Med: $2,350 sqft: 2,448 low | high Med: 1,500 $ / sqft: $296 low | high Med: $2 On site: 62 low | high Med: 162 | |
