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$2,375,000
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Property Description
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
Full Property Details
Full Property Details for 4123 Westminster Ave
General
- Sold For: $2,375,000
- Taxes: $1,595 (2025)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSPhilly
- MLS ID: PAPH2622626
- Added to Site: 151 day(s) ago
Interior
- Number of Rooms: 12
Parking
- Parking Type: Driveway, On Street, Other
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: 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).
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Natural Gas
- Water Heater: Other
Utilities
- Sewer: Other
- Water: Other
Structural Information
- Architectural Style: Other
- Structure Type: Other
- Construction: Masonry
- Square Feet: 3,876
- Sq. Ft. Source: Assessor
- Living Area: 3,876 Sq. Ft.
- Finished Above Grnd: 3,876 Sq. Ft.
- Year Built: 2023
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,615
- Lot Size Source: Assessor
- Lot Dimensions: 17.00 x 95.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $612.75
- Assessment Year: 2026
- School Tax: $893
- City/TownTax: $702
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $114,000
- Tax Amount: $1,595
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3876
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 53
Listed and Sold by Trophy Commercial Real Estate LLC, Saam Tashayyod
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Price & Sales History for 4123 Westminster Ave
Date
Details
Price
Change
Source
9/02/2026
Sold
$2,375,000
—
MLS
5/15/2026
Listed
$2,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4123 Westminster Avenue, Philadelphia, PA 19104 (MLS# PAPH2622626) is a Multi-Family property that was sold at $2,375,000 on September 02, 2026. Want to learn more about 4123 Westminster Avenue? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

