4706 CEDAR AVENUE, PHILADELPHIA, PA 19143

$725,000

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… Read More 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. Read Less

Courtesy of Tom Englett, Compass Pennsylvania, LLC. 267-435-8015.

Listing Snapshot

Days Online

Last Updated

Jul 17, 2026

Property Type

Triplex

Square Ft.

2,448

Lot Size

0.04 Acres

Year Built

1925

MLS Number

PAPH2611570

Additional Details

Basement

Full, Outside Entrance, Unfinished

Building

Built in 1925, Living area: 2448, 3 stories, Construction Materials: Stone, Brick

Cooling

Central A/C, Ductless/Mini-Split

Accessibility Features

None

Expenses

Insurance: $4,050, Operating: $19,822, Trash: $500

Foundation

Stone

Heating

Forced Air

Income

Gross Income: $72,000, Gross ScheduledIncome: $72,000, Net Operating Income: $52,200, Apartment Rentals

Lot

0.04 acres, Dimensions: 23 x 72, Level, Rear Yard

Owner Pays

Common Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water

Property

Excellent, Other structures: Above Grade

Sewer

Public Sewer

Taxes

Annual Amount: $7,891, Year: 2026, Zoning: RSA3

Utilities

Water Source: Public

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