5352-54 Cedar Ave
Multifamily | 6 Units | $220,833/unit
Marketing description
5352–54 Cedar Avenue presents a six-unit multifamily investment opportunity located in the Cobbs Creek / Cedar Park corridor of West Philadelphia. The property is positioned directly across from the PHMC Public Health Campus, providing a strong institutional anchor and consistent tenant demand.
The asset consists of a well-balanced unit mix including two 3-bedroom units, three 2-bedroom units, and one 1-bedroom unit. The first-floor three-bedroom units feature private rear yards, offering a premium amenity that enhances tenant appeal and supports strong rental performance.
The property is delivered vacant, allowing an investor to execute a full lease-up at current market rents without legacy tenancy constraints. Based on projected stabilized rents, the property achieves a Gross Potential Income of $131,400.
A 10-year tax abatement provides a significant reduction in real estate taxes during the early years of ownership, improving cash flow and overall returns. Combined with minimal near-term capital expenditure requirements, the asset offers an attractive risk-adjusted investment profile.
Located in a growing West Philadelphia submarket with proximity to University City, Center City, and major employment centers, 5352–54 Cedar Avenue is well-positioned for both stable cash flow and long-term appreciation.
Investment highlights
6-Unit Multifamily Investment
Well-balanced unit mix including 3BR, 2BR, and 1BR layouts
Delivered Vacant – Lease-Up Opportunity
Ability to capture full market rents and establish stabilized operations
Strong Projected Income
Stabilized Gross Potential Income of $131,400
7.04% Stabilized Cap Rate
Attractive yield based on market-supported rent projections
10-Year Tax Abatement
Significantly reduced real estate taxes, enhancing early cash flow
Private Outdoor Space
First-floor 3-bedroom units feature private rear yards, commanding premium rents
Institutional Location Anchor
Positioned directly across from PHMC Public Health Campus
Proximity to University City
Access to major employment centers, hospitals, and universities
Strong Rental Demand Submarket
Cedar Park / Cobbs Creek continues to see steady investor activity and rent growth
Low Capital Expenditure Asset
Modern condition with minimal near-term maintenance requirements
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