$ 725,000
-
$725,000
Price -
3
Bed -
0
Bath -
2,448
SqFt
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About the Listing COMPASS1 - 3171636
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.
Listing Highlights
Status
Active
Days on Site
46
Property Type
Multi-Family
MLS ®
PAPH2611570
Year Built
1925
Total Square Footage
2,448
Lot/Acreage
0.04
County
Philadelphia
Neighborhood
University City
Area
19143 (19143)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C,Ductless/Mini-Split
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2448
- Below Ground Sq Ft: n/a
- Basement: Full,Outside Entrance,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 23 x 72
- Zoning: RSA3
- Roof:
- Others: Excellent
- Sewer: Public Sewer
Financial Details
- Tax Amount: $7,891
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
4706 Cedar Ave Philadelphia, PA 19143
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