5352-54 CEDAR AVE, Philadelphia, PA 19143
5352-54 CEDAR AVE, Philadelphia, PA 19143
5352-54 CEDAR AVE, Philadelphia, PA 19143
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Edward Cole

Edward Cole

+1(610) 416-6753
Listed by Jonathan Tori • Addison Real Estate Company Inc
$1,325,000
Est. payment /mo
1,753 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2610742

Year Built 2026

Annual Tax Amount $7,410

Tax Year 2026

Lot Size 1,753 Sqft

Acres 0.04

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Fully renovated, turnkey 6-unit multifamily property located on the border of Cedar Park and Cobbs Creek in West Philadelphia, offering a rare opportunity in one of the area's most active and growing rental corridors. This well-designed building features a versatile unit mix including two expansive 3-bedroom, 2-bath units, three 2-bedroom units, and one 1-bedroom unit, all thoughtfully renovated with modern finishes and functional layouts.

Each unit is equipped with hardwood flooring, recessed LED lighting, contemporary kitchens with stainless steel appliances, granite countertops, and updated bathrooms with custom tile work. In-unit laundry and individual HVAC systems are included throughout, providing comfort and convenience for tenants. The building is fully electric with separately metered utilities, allowing for efficient management and reduced owner expenses.

The first-floor units offer private, fenced rear yard spaces accessed via a side breezeway, creating a standout feature rarely found in comparable properties. Upper-floor units benefit from strong natural light and efficient layouts suited for a variety of tenant profiles.

Additional improvements include a full sprinkler system, central fire alarm system, updated mechanical systems, and a covered front porch that enhances curb appeal and tenant experience. The property also benefits from a 10-year tax abatement with a phased step-up schedule, providing a significant financial advantage during the early years of ownership.

Ideally situated with convenient access to Baltimore Avenue, public transportation, University City, major hospitals, and neighborhood retail, this turnkey asset is well-positioned for strong rental demand and long-term growth.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Inclusions Refrigerators Electric ranges/ovens Built-in microwaves Dishwashers Washer(s) Dryer(s)

Heat Source Electric

Exterior

Water Access N

View City

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Other

Foundation Stone

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 881450860

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Edward Cole

Edward Cole

+1(610) 416-6753

Broker Associate | License ID: PA: AB067617 | DE: RB0020595

Broker Associate License ID: PA: AB067617 | DE: RB0020595

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