4921 CHESTER AVE, Philadelphia, PA 19143
See all 69 photos
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
4921 CHESTER AVE, Philadelphia, PA 19143
Listed by Dava Costello • OCF Realty LLC - Philadelphia
Bought with Reda B Akbil • Compass Pennsylvania, LLC

$1,050,000

Est. payment /mo

$1,120,000

6.3%
Est.Price: ?

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

SOLD DATE : 10/07/2026

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


Bright MLS (BMLS)

NEARBY SCHOOLS & BUSINESSES

Lisa Jackson

Lisa Jackson

License ID: MD (5006876) & DE (RS-0038166)

+1(717) 649-7248

GET MORE INFORMATION

Name
Phone*
Message