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For sale
  • $2,375,000

    4123 Westminster Ave, Philadelphia, PA 19104

    18beds
    --baths
    3,876sqft
    : 
    $15,127/mo
    Get pre-qualified
    Multi Family
    Built in 2023
    -- sqft lot
    $2,262,300 Zestimate®
    $613/sqft
    $-- HOA

    What's special

    Consistent unit configurationStraightforward layout
    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
    72 days
    |
    84
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mr. Saam Tashayyod 215-608-5745,

    Trophy Commercial Real Estate LLC 2156085745

    Source: Bright MLS,MLS#: PAPH2622626MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 18
      Basement
      • Area: 0
      Heating
      • Other, Natural Gas
      Cooling
      • Central Air, Other
      Appliances
      • Included: Water Heater
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 3,876
      • Total interior livable area: 3,876 sqft

      Property

      Parking
      • Parking features: Driveway, On Street, Other
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Other
      Features
      • Pool features: None
      Lot
      • Size: 1,615 Square Feet
      • Dimensions: 17.00 x 95.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 062097800
      • Zoning: RM1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Masonry
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Other
      • Water: Other

      Community & HOA

      Location
      • Region: Philadelphia
      • Municipality: PHILADELPHIA

      Financial & listing details

      • Price per square foot: $613/sqft
      • Tax assessed value: $114,000
      • Annual tax amount: $1,595
      • Date on market: 5/15/2026
      • Listing agreement: Exclusive Agency
      • Ownership: Fee Simple

        Estimated market value

        $2,262,300

        $2.15M - $2.38M

        $1,413/mo

        Price history

        DateEventPrice
        5/15/2026Listed for sale$2,375,000+4218.2%$613/sqft
        Source: Bright MLS #PAPH2622626 Report a problem
        12/27/2021Sold$55,000$14/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,979 +2207.7%$570,000 +2207.7%
        2024$346 $24,700
        2023$346 +183.9%$24,700
        2022$122 --
        2021$122 --
        2018$122 --
        2017$122 --
        2016$122 --
        2015$122 --
        2014$122 +39.8%$6,500 +1746.6%
        2012$87 $352
        2011-- $352
        2010-- $352
        2009-- $352
        2008-- $352
        2007-- $352 +10%
        2006-- $320
        2005-- $320
        2004-- $320
        2003-- $320
        2002-- $320
        2000-- $320 -87.3%
        1999-- $2,528
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Belmont

        Getting around

        44 / 100
        Car-Dependent
        65 / 100
        Good Transit
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Philadelphia City

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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