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5352 Cedar Ave
Philadelphia, PA 19143
5352-54 Cedar Ave · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Well-balanced unit mix including 3BR, 2BR, and 1BR layouts
- First-floor 3-bedroom units feature private rear yards, commanding premium rents
- Access to major employment centers, hospitals, and universities
- Attractive yield based on market-supported rent projections
- Positioned directly across from PHMC Public Health Campus
- Cedar Park / Cobbs Creek continues to see steady investor activity and rent growth
Executive Summary
5352–54 Cedar Avenue presents a six-unit multifamily investment opportunity located in the Cobbs Creek / Cedar Park section of West Philadelphia. Positioned directly along Cedar Avenue and across from the PHMC Public Health Campus, the property benefits from a strong institutional anchor and consistent tenant demand driven by nearby employment and neighborhood growth.
The asset consists of a well-balanced unit mix including two (2) three-bedroom, two-bathroom units, three (3) two-bedroom, one-bathroom units, and one (1) one-bedroom, one-bathroom unit. The first-floor three-bedroom units feature private rear yard access, a highly desirable amenity that enhances tenant appeal, supports premium rental rates, and contributes to long-term tenant retention.
The property is delivered vacant, offering investors a rare opportunity to execute a full lease-up strategy at current market rents without the constraints of legacy tenancy. Based on projected stabilized rents, the asset is expected to achieve a Gross Potential Income of approximately $131,400 annually.
A 10-year tax abatement provides a significant reduction in real estate taxes during the early years of ownership, resulting in improved net operating income and enhanced cash flow. This favorable tax treatment, combined with a projected stabilized cap rate of approximately 7.0%, positions the property as an attractive investment for both yield-focused and long-term hold strategies.
The surrounding Cobbs Creek and Cedar Park neighborhoods have experienced continued residential demand due to their proximity to University City, one of Philadelphia’s largest employment and education hubs. The area offers convenient access to Center City via public transportation, as well as proximity to major institutions, healthcare facilities, and retail corridors.
Rental demand in the submarket is supported by a diverse tenant base, including healthcare employees, university-affiliated renters, and residents seeking more affordable alternatives to core urban neighborhoods. The subject property’s unit mix is well-aligned with current market demand, offering a combination of larger family-oriented units and smaller, efficient layouts.
Comparable rental data in the immediate area supports the projected rent schedule, with one-bedroom units achieving approximately $1,350 to $1,550 per month, two-bedroom units ranging from $1,600 to $1,800 per month, and three-bedroom units achieving between $2,100 and $2,500 per month depending on layout and amenities. Units with private outdoor space, such as the subject’s first-floor three-bedroom units, command premium pricing and are particularly sought after.
From an operational standpoint, the property benefits from a straightforward management profile with limited near-term capital expenditure requirements. The building’s configuration and unit layout provide flexibility in tenant placement and leasing strategy, while the vacant delivery allows for immediate income optimization.
This offering represents an opportunity to acquire a well-located multifamily asset with strong projected income, favorable tax treatment, and immediate lease-up potential. The combination of location, unit mix, and amenity features positions the property for stable cash flow and long-term appreciation.
The asset consists of a well-balanced unit mix including two (2) three-bedroom, two-bathroom units, three (3) two-bedroom, one-bathroom units, and one (1) one-bedroom, one-bathroom unit. The first-floor three-bedroom units feature private rear yard access, a highly desirable amenity that enhances tenant appeal, supports premium rental rates, and contributes to long-term tenant retention.
The property is delivered vacant, offering investors a rare opportunity to execute a full lease-up strategy at current market rents without the constraints of legacy tenancy. Based on projected stabilized rents, the asset is expected to achieve a Gross Potential Income of approximately $131,400 annually.
A 10-year tax abatement provides a significant reduction in real estate taxes during the early years of ownership, resulting in improved net operating income and enhanced cash flow. This favorable tax treatment, combined with a projected stabilized cap rate of approximately 7.0%, positions the property as an attractive investment for both yield-focused and long-term hold strategies.
The surrounding Cobbs Creek and Cedar Park neighborhoods have experienced continued residential demand due to their proximity to University City, one of Philadelphia’s largest employment and education hubs. The area offers convenient access to Center City via public transportation, as well as proximity to major institutions, healthcare facilities, and retail corridors.
Rental demand in the submarket is supported by a diverse tenant base, including healthcare employees, university-affiliated renters, and residents seeking more affordable alternatives to core urban neighborhoods. The subject property’s unit mix is well-aligned with current market demand, offering a combination of larger family-oriented units and smaller, efficient layouts.
Comparable rental data in the immediate area supports the projected rent schedule, with one-bedroom units achieving approximately $1,350 to $1,550 per month, two-bedroom units ranging from $1,600 to $1,800 per month, and three-bedroom units achieving between $2,100 and $2,500 per month depending on layout and amenities. Units with private outdoor space, such as the subject’s first-floor three-bedroom units, command premium pricing and are particularly sought after.
From an operational standpoint, the property benefits from a straightforward management profile with limited near-term capital expenditure requirements. The building’s configuration and unit layout provide flexibility in tenant placement and leasing strategy, while the vacant delivery allows for immediate income optimization.
This offering represents an opportunity to acquire a well-located multifamily asset with strong projected income, favorable tax treatment, and immediate lease-up potential. The combination of location, unit mix, and amenity features positions the property for stable cash flow and long-term appreciation.
Property Facts
| Price Per Unit | $306,475 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.04% | Building Size | 4,840 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1945/2026 |
| Apartment Style | Low-Rise | ||
| Zoning | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code | ||
| Price Per Unit | $306,475 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,840 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1945/2026 |
| Zoning | RM1 - Zoning supports current use with potential for density up to allowable limits subject to code |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Basement
- Breakfast Nook
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Freezer
- Garden
- Handrails
- Island Kitchen
- Porch
- Window Coverings
Site Amenities
- Individual Locking Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $3,192 CAD | - |
| 2+1 | 3 | $2,359 CAD | - |
| 1+1 | 1 | $2,012 CAD | - |
Property Taxes
| Parcel Number | 881450860 | Improvements Assessment | $661,291 CAD |
| Land Assessment | $73,415 CAD | Total Assessment | $734,707 CAD |
Property Taxes
Parcel Number
881450860
Land Assessment
$73,415 CAD
Improvements Assessment
$661,291 CAD
Total Assessment
$734,707 CAD
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