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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.

Source: BRIGHT MLS, MLS#: PAPH2608734

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  • Property Type
    Residential Income
  • Lot
    0.05 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 4921 CHESTER AVENUE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/23/2026Source: BRIGHT MLS Price Reduction
$1,170,000 -2.1%
6/23/2026Source: BRIGHT MLS Price Reduction
$1,170,000 -2.1%
6/1/2026Source: BRIGHT MLS Price Reduction
$1,195,000 -2.4%
6/1/2026Source: BRIGHT MLS Price Reduction
$1,195,000 -2.4%
5/19/2026Source: BRIGHT MLS Price Reduction
$1,225,000 -3.0%
5/19/2026Source: BRIGHT MLS Price Reduction
$1,225,000 -3.0%
5/4/2026Source: BRIGHT MLS Price Reduction
$1,262,500 -1.0%
5/4/2026Source: BRIGHT MLS Price Reduction
$1,262,500 -1.0%
4/28/2026Source: BRIGHT MLS Added to Database
April 28, 2026
4/20/2026Source: BRIGHT MLS Added to Database
April 20, 2026
Listing provided courtesy of OCF Realty LLC - Philadelphia- MLS# PAPH2608734MLS ProviderContact Information: [email protected] - 2157357368