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MLS: #PAPH2622626, Listed By: Saam Tashayyod, Trophy Commercial Real Estate LLC, Source:Bright MLS

4123 Westminster Avenue

PHILADELPHIA, PA 19104
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Bed 18

Bed

Bath 0

Bath

SqFt3,876

Sqft

Acres0.04

Acre(Lot)

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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,375,000

AD Id : 78789914

MLS Id : PAPH2622626

Beds : 18

Lot Size : 0.04 Acre

Living Area Size : 3,876

Year Built : 2023

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 18

    Room Information

    Rooms Total: 12
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Other Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 2023 Building Area Total: 3876 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 17.00 x 95.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1615

  • Listing Price Information

    Listing Price: $2375000

  • Tax Information

    Parcel Number: 062097800 Tax Lot: 53 Tax Year: 2025 Annual Tax: $1595

  • Parking Information

    On Street, Driveway, Other

  • Location Information

    Direction: From Center City Philadelphia, take Market Street west to S 40th Street, then turn left onto S 40th Street. Continue south and turn right onto Westminster Avenue. The property will be on your left. Convenient access from University City, Baltimore Avenue, and major commuter routes including I-76 and Route 1 (City Avenue). WaterSource: Other
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ByOwner last updated this listing 06/19/2026 @ 07:06

MLS: PAPH2622626 LISTED BY: Saam Tashayyod, Trophy Commercial Real Estate LLC 215-608-5745 SOURCE: Bright MLS

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