4123 Westminster Ave, Philadelphia, PA 19104
Local realty services provided by:CENTURY 21 Gold
4123 Westminster Ave,Philadelphia, PA 19104
$2,375,000
- 18 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: saam tashayyod
Office: trophy commercial real estate llc.
MLS#:PAPH2622626
Source:BRIGHTMLS
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Price summary
- Price:$2,375,000
About this home
4123–27 Westminster Avenue, a 12-unit multifamily investment located in West Philadelphia. The asset consists of a balanced mix of six 1-bedroom units and six 2-bedroom units, averaging approximately 750 square feet per unit, offering an efficient and highly marketable unit mix that appeals to a broad tenant base.
The unit mix caters to a broad tenant base, including students, young professionals, and roommate-style renters, resulting in strong leasing demand and operational stability. The asset benefits from a straightforward layout, consistent unit configuration, and efficient property management. The property is in year 1 of the full 10-year tax abatement.
At the asking price of $2,375,000, the asset delivers an inplace Net Operating Income of approximately $168,566, equating to a 7.10% cap rate, with the ability to achieve a stabilized NOI of approximately $185,250 (7.80% cap) through mark-to-market leasing.
Investment Highlights
*12-Unit Multifamily Asset
*7.10% In-Place Cap Rate
*7.80% Stabilized Cap Rate
*Average Unit Size: 750 SF
*Below-Market Rents with Immediate Upside
*Total Rentable SF: 9,000 SF
*Average Rent: $1,562 vs. $1,691 Market
*10-year Tax Abatement
*In-Place NOI: $168,566
*Stabilized NOI: $185,250
*Strong In-Place Cash Flow with Value-Add Potential...
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Home facts
- Year built:2023
- Listing ID #:PAPH2622626
- Added:113 day(s) ago
- Updated:September 06, 2026 at 11:01 AM
Rooms and interior
- Bedrooms:18
- Rooms Total:12
Heating and cooling
- Cooling:Central A/C
- Heating:Natural Gas
Structure and exterior
- Year built:2023
- Construction Materials:Masonry
Finances and disclosures
- Price:$2,375,000
- Tax amount:$1,595 (2025)
Parking
- Parking description:On Street
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