4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
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Andrew Johns

Andrew Johns

+1(410) 627-7264
Listed by Dava Costello • OCF Realty LLC - Philadelphia
$ 1,225,000
Est. payment | /mo

4,300 SqFt

Save
$ 1,225,000
Est. payment | /mo
Save

4,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,300 sqft

Price per Sqft $284

MLS Listing ID PAPH2608734

Style Other

Abv Grd Liv Area 4,300

Year Built 2025

Annual Tax Amount $979

Tax Year 2025

Lot Size 2,248 Sqft

Acres 0.05

Lot Dimensions 32.00 x 71.00

Property Sub-Type Other

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 Central

Cooling Central A/C

Inclusions all appliances,

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Above Ground Finished SqFt 4300

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 511267500

Ownership Fee Simple

SqFt Source 4300

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Andrew Johns

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(410) 627-7264

andrew@andrewjohnshometeam.com

8015 Corporate Drive, Ste C, Nottingham, Maryland, 21236, United States

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4921 CHESTER AVE