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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 1,585,000

Est. payment | -/mo

2,709 Sqft Lot

Save

$ 1,585,000

Est. payment | -/mo

Save

2,709 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 2,709 Sqft

MLS Listing ID PAPH2583348

Financing Cash,Conventional,Exchange

Total Units 8

Short Sale No

Originating MLS BRIGHT

Available Date 2026-02-18

Property Description

This is not a lease-up story. There is no vacancy narrative to underwrite and no pro forma guesswork — just proven performance and predictable cash flow. 1917 E. Letterly is an 8-Unit apartment building in the heart of East Kensington. Ideal opportunity for 1031 exchange buyers or investors looking to add scale, stability, and architectural presence to an existing portfolio. Completed in 2017, this building is 100% occupied at market rents, delivering documented income of approximately $12,000 per month in gross rents from day one. The per-building unit mix includes four 3-bedroom, 3-bath units, two 2-bedroom, 2-bath units, and two 1-bedroom, 1-bath units. All residences feature in-unit washer/dryer, central air, and defined living/dining spaces — amenities that support strong tenant retention and long-term rent growth. Located steps from the Market-Frankford Line, Frankford Avenue, and the rapidly evolving Kensington Avenue corridor. All zoning, licenses, leases, and operating expenses are fully documented. Profit & Loss statements and supporting financials are available for qualified inquiries. Let Co-List Christian Fegel know what financial information your client needs, and we will promptly provide it. Consider bundling with its identical twin at 1918-20 E.Cumberland (MLS # PAPH2581540) for a total of 16 units.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning RSA5

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Inclusions 8 Refrigerators, 8 Washers, 8 Dryers

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type On Street

Building

New Construction N

Lot Dimensions 36x75

Sewer Public Sewer

Water Public

Schools

Elementary Schools Henry A. Brown Academics Plus School

Middle Schools Henry A. Brown Academics Plus School

High Schools Penn Treaty

School District The School District Of Philadelphia

Others

Tax Amount $2,099

Tax Year 2026

Tax ID 881426802

Ownership Fee Simple

Security Features Carbon Monoxide Detector(s),Electric Alarm,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Exchange

Special Sale Standard

testyfx76

Listed by Jeanne Whipple • Elfant Wissahickon Realtors

1917 E LETTERLY ST Philadelphia, PA 19125