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4146-4148 Parkside Ave 28 Unit Apartment Building $6,848,820 CAD ($244,601 CAD/Unit) 6.52% Cap Rate Philadelphia, PA 19104
Investment Highlights
- NEWLY CONSTRUCTED ASSET — Completed in 2023, the property offers investors a turnkey multifamily investment with modern systems, contemporary finishes
- PARKSIDE LOCATION — Situated directly along Parkside Avenue overlooking Fairmount Park with convenient access to University City, Center City Philadel
- EFFICIENT OPERATING PROFILE — Operating expenses represent approximately 25.2% of Effective Gross Income, providing strong operating margins and durab
- FULL 10-YEAR TAX ABATEMENT — Property benefits from a full 10-year tax abatement and is currently in year 3 of 10, with 7 years remaining.
- STABILIZED CASH FLOW — Currently generating approximately $322,921 in Net Operating Income with projected Year One NOI growth to $342,306.
- PREMIUM RENTAL PRODUCT — Modern apartment layouts and recent construction continue to attract students, healthcare professionals, and young profession
Executive Summary
Trophy Commercial Real Estate, LLC ("Trophy") is pleased to present the exclusive offering of 4148 Parkside Avenue, a newly constructed 28-unit multifamily investment opportunity. Located directly along Parkside Avenue overlooking Fairmount Park in the rapidly expanding West Philadelphia submarket. Built in 2023, the property contains approximately 17,150 rentable square feet and features a collection of modern one-bedroom, two-bedroom, and studio apartments designed to meet the growing demand for high-quality rental housing.
With modern construction, an efficient operating profile, and immediate proximity to Fairmount Park, University City, and Center City Philadelphia, 4148 Parkside Avenue offers investors durable cash flow, limited capital expenditure requirements, and long-term appreciation potential.
The asset is currently stabilized and generates an in-place Net Operating Income of approximately $322,921, representing a 6.52% capitalization rate at the asking price of $4,950,000. Year One NOI is projected to increase to $342,306 (6.40% cap rate) through organic rent growth and stabilized operations.
With modern construction, an efficient operating profile, and immediate proximity to Fairmount Park, University City, and Center City Philadelphia, 4148 Parkside Avenue offers investors durable cash flow, limited capital expenditure requirements, and long-term appreciation potential.
The asset is currently stabilized and generates an in-place Net Operating Income of approximately $322,921, representing a 6.52% capitalization rate at the asking price of $4,950,000. Year One NOI is projected to increase to $342,306 (6.40% cap rate) through organic rent growth and stabilized operations.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $6,848,820 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $244,601 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.52% | Building Size | 16,770 SF |
| Gross Rent Multiplier | 10.98 | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | RM1-Residential Multi-Fam - RM1-Residential Multi-Family-1 | ||
| Price | $6,848,820 CAD |
| Price Per Unit | $244,601 CAD |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Gross Rent Multiplier | 10.98 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.13 AC |
| Building Size | 16,770 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2023 |
| Zoning | RM1-Residential Multi-Fam - RM1-Residential Multi-Family-1 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 484 |
| 1+1 | 22 | - | 550 - 700 |
| 2+2 | 5 | - | 1,032 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881000775 | Improvements Assessment | $4,393,624 CAD (2027) |
| Land Assessment | $488,057 CAD (2027) | Total Assessment | $4,881,682 CAD (2027) |
Property Taxes
Parcel Number
881000775
Land Assessment
$488,057 CAD (2027)
Improvements Assessment
$4,393,624 CAD (2027)
Total Assessment
$4,881,682 CAD (2027)
Contacts
-
Saam Tashayyod -
Craig Thom -
Leonardo Presta -
Arun Philip -
Trophy Commercial Real Estate
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4146-4148 Parkside Ave
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