2,448 SqFt
2,448 SqFt
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $296
Subdivision University City
MLS Listing ID PAPH2611570
Style Traditional,Victorian
Abv Grd Liv Area 2,448
Year Built 1925
Available Date 2026-06-25
Annual Tax Amount $7,891
Tax Year 2026
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 23 x 72
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA3
Rooms
Basement Full, Outside Entrance, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Ductless/Mini-Split
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Level, Rear Yard
Foundation Stone
Above Ground Finished SqFt 2448
Sewer Public Sewer
Water Public
Architectural Style Traditional, Victorian
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 461076900
Ownership Fee Simple
SqFt Source 2448
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS