4706 Cedar Ave, Philadelphia, PA 19143
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
4706 Cedar Ave,Philadelphia, PA 19143
$725,000
- 3 Beds
- - Baths
- 2,448 sq. ft.
- Multi-family
- Pending
Listed by: tom englett
Office: compass pennsylvania, llc.
MLS#:PAPH2611570
Source:BRIGHTMLS
Price summary
- Price:$725,000
- Price per sq. ft.:$296.16
About this home
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....
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Home facts
- Year built:1925
- Subdivision & Development:UNIVERSITY CITY
- Listing ID #:PAPH2611570
- Added:101 day(s) ago
- Updated:September 29, 2026 at 09:39 AM
Rooms and interior
- Bedrooms:3
- Basement:Yes
- Basement Description:Full, Outside Entrance, Unfinished
- Living area:2,448 sq. ft.
Heating and cooling
- Cooling:Central A/C, Ductless/Mini-Split
- Heating:Electric, Forced Air, Natural Gas
Structure and exterior
- Year built:1925
- Building area:2,448 sq. ft.
- Lot area:0.04 Acres
- Lot Features:Level, Rear Yard
- Architectural Style:Traditional, Victorian
- Construction Materials:Brick, Stone
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$296.16
- Tax amount:$7,891 (2026)
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