Cedar Park Triplex for Sale: Inside 4706 Cedar Ave's Cash-Flowing Investment Opportunity
Where do you find a fully leased triplex that already cash flows on day one? For investors searching for a Cedar Park triplex for sale, 4706 Cedar Ave answers that question directly. Priced at $725,000, this fully occupied property generates $72,000 in gross annual rent at a projected 7% cap rate, with no deferred maintenance and no lease-up period ahead of you. This post breaks down the financials, the property, the neighborhood, and why it works especially well for buyers moving 1031 exchange funds on a deadline.
4706 Cedar Ave at a Glance
- Address: 4706 Cedar Ave, Philadelphia, PA 19143 (Cedar Park / University City)
- Price: $725,000
- Property type: Triplex, twin/semi-detached, built 1925
- Units: Three one-bedroom apartments, fully leased, zero vacancy
- Gross annual rent: $72,000
- Net operating income: ~$52,200
- Cap rate: ~7% (self-managed)
- Size: 2,448 finished square feet
- Condition: Excellent; units renovated within the last decade
- Utilities: Tenants pay their own gas and electric
Why This Cedar Park Triplex Works for 1031 Exchange Investors
1031 exchange investors are working against the clock: 45 days to identify a replacement property, 180 days to close. That timeline punishes deals that need renovation before they produce income. 4706 Cedar Ave removes that risk. All three units are leased, rents are already at market, and operating expenses are lean. An investor can close and start collecting rent in the same month, with no gap in income and no scramble to satisfy exchange requirements.
The same qualities that make this property exchange-friendly also make it a strong fit for a seasoned investor adding a low-maintenance asset, or a first-time multifamily buyer who wants a stabilized starter property instead of a value-add project.
The Numbers: Rent Roll, NOI, and Cap Rate
Each of the three one-bedroom units is individually leased on a yearly term:
- Unit 1: $1,900/month
- Unit 2: $2,000/month
- Unit 3: $2,100/month
Combined, that's $72,000 in gross annual rent against operating expenses of roughly $19,822, producing a net operating income of approximately $52,200 and a projected 7% cap rate on a self-managed basis. Because tenants cover their own gas and electric, the owner's expense exposure stays limited to insurance, trash, and standard upkeep, which is a meaningful driver of the property's low expense ratio.
Inside the Units: Renovated, Turnkey, and Tenant-Ready
Each unit was renovated within the last decade and includes separate HVAC, in-unit laundry, and a fully equipped kitchen with dishwasher and built-in microwave. These are the finishes that reduce turnover and support on-time rent collection. At the same time, the building keeps its original character: stained glass windows, antique hardware, and ornate wood floors remain intact, paired with updated fixtures and efficient forced-air heating and cooling. A full basement and shared backyard round out the property and give tenants outdoor space they clearly use, which supports the building's track record of minimal vacancy between leases.
The Cedar Park Neighborhood: Walkable, Transit-Connected, In-Demand
4706 Cedar Ave sits on a tree-lined block in Cedar Park, within walking distance of Clark Park, Baltimore Avenue's restaurant corridor, and Mariposa Food Co-op. Tenants have easy access to neighborhood spots like Green Line Cafe, Booker's Restaurant & Bar, Local 44, Dahlak, Kaffa Crossing, and Amari's. The 34 trolley and 42 bus connect the block directly to University City and Center City, which keeps the rental pool deep with UPenn, Drexel, and CHOP-affiliated tenants, exactly the kind of renter base that supports consistent occupancy and reliable rent growth over time.
Frequently Asked Questions
What is the cap rate on 4706 Cedar Ave?
The property is priced to deliver a projected 7% cap rate based on self-management. The cap rate will run slightly lower if third-party property management fees are factored in.
How much rental income does 4706 Cedar Ave generate?
The property generates $72,000 in gross annual rent across three fully leased one-bedroom units, with a net operating income of approximately $52,200.
Is 4706 Cedar Ave a good fit for a 1031 exchange?
Yes. The property is fully leased with no vacancy and no planned renovations, so a buyer can close and begin generating income immediately, which suits the tight timelines that come with a 1031 exchange.
What are the individual unit rents?
Unit 1 rents for $1,900 per month, Unit 2 for $2,000 per month, and Unit 3 for $2,100 per month, all on yearly leases.
Who pays for utilities at the property?
Tenants are responsible for their own gas and electric. The owner covers insurance, trash, and standard maintenance items.
What is the Cedar Park neighborhood like for renters?
Cedar Park is a walkable, transit-connected West Philadelphia neighborhood near Clark Park and the Baltimore Avenue restaurant corridor, with the 34 trolley and 42 bus providing direct access to University City and Center City. It draws a steady tenant base tied to UPenn, Drexel, and CHOP.
The Bottom Line
4706 Cedar Ave combines the fundamentals investors look for in a multifamily acquisition: full occupancy, a lean expense structure, recently renovated units, and a location with durable rental demand. Whether you're a seasoned investor adding to your portfolio, a first-time multifamily buyer, or working against a 1031 exchange deadline, this Cedar Park triplex offers immediate cash flow without the wait. Contact Tom Englett at Compass to schedule a showing or request full financials.
