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$950,000
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Property Description
Rare opportunity to acquire a large-scale CMX-2 mixed-use asset along the rapidly evolving Lancaster Avenue corridor, offering approximately 8,000 square feet across six income-generating spaces. The property consists of four residential apartments - all currently occupied - including two 3-bedroom units, one 2-bedroom unit, and one 1-bedroom unit, each featuring modern, rent-ready interiors designed for durability and long-term tenant appeal. The ground level includes two commercial spaces, highlighted by an established gym tenant operating under a multi-year lease, alongside an approximately 1000 SF office space delivered vacant, providing flexibility for an owner-user or a lease-up opportunity. Low annual taxes contribute to efficient operating expenses, while CMX-2 zoning offers long-term versatility. Positioned directly adjacent to a newly constructed 2025 multifamily development, the property benefits from continued investment and corridor growth. With diversified income streams, scale rarely found in similar offerings, and near-term upside through commercial lease-up and residential optimization, this property presents a compelling acquisition for investors seeking stabilized cash flow with future appreciation potential.
Full Property Details
Full Property Details for 4518 Lancaster Ave
General
- Price: $950,000
- Taxes: $5,030 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2575118
- Updated: 3/6/2026
- Added to Site: 44 day(s) ago
Business
- Business Type: Apartment Building, Professional, Other/General Reta
Parking
- Parking Type: On Street
Location
- Area: 19131 (19131)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: Located on southside of Lancaster Ave. between 45th and 46th Streets.
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Building Size: 7967
- Year Built: 1915
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,003
- Lot Size Source: Assessor
- Lot Dimensions: 1.00 x 5003.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $119.24
- Assessment Year: 2025
- School Tax: $2,817
- City/TownTax: $2,213
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $359,400
- Tax Amount: $5,030
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 324
Listed by Trophy Commercial Real Estate LLC, Kyle M Carmona
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Schools
Schools serving 4518 Lancaster Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Washington Martha School 766 North 44th Street, Philadelphia, PA 19104 | K-8 | 0.3 mi |
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4518 Lancaster Ave
Date
Details
Price
Change
Source
2/16/2026
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4518 Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,031
—
$359,400
—
2024
$5,031
—
$359,400
100%
2021
$5,017
21%
-100%
2023
$4,159
-17%
$297,100
-17%
2020
$5,017
1%
$358,400
1%
2019
$4,968
3%
$354,900
3%
2018
$4,824
-33%
$344,600
-33%
2017
$7,216
-15%
$515,500
-15%
2016
$8,516
4%
$608,400
—
2015
$8,153
1237%
$608,400
9650%
2013
$610
—
$6,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4518 Lancaster Ave
4518 Lancaster Avenue, Philadelphia, PA 19131 (MLS# PAPH2575118) is a Apartment property. 4518 Lancaster Avenue is currently listed for $950,000 and was received on February 16, 2026. Want to learn more about 4518 Lancaster Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

