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Pumsu Lim

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

$ 1,585,000

Est. payment | -/mo

2,979 Sqft Lot

Save

$ 1,585,000

Est. payment | -/mo

Save

2,979 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 2,979 Sqft

MLS Listing ID PAPH2583334

Subdivision East Kensington

Total Units 6

Short Sale No

Originating MLS BRIGHT

Available Date 2026-02-18

Property Description

The Blue Building with the distinctive fish scale siding, 1842 E. Harold Street is a six-unit East Kensington multifamily property completed in 2022 and fully occupied at market rents. Offered at $1,585,000 with tax abatement through 2033, the building provides documented income from day one and aligns well with 1031 exchange buyers seeking stable, predictable cash flow. The property is 100% occupied at market rents, generating $9,450 per month in gross income with a proven operating history since completion. This is not a lease-up opportunity. There is no vacancy story to underwrite and no pro forma guesswork- the building is stabilized, documented, and producing from day one. The unit mix includes three bi-level 2-bedroom, 2-bath units each with private roof decks; one 2-bedroom, 2-bath unit with private yard; one 1-bedroom, 1-bath unit with private yard and balcony; and one 1-bedroom, 1-bath unit with balcony. All six units feature private exterior space, in-unit washer/dryer, and central air — amenities that support strong tenant retention and long-term rent growth.
Located steps from the Huntingdon Station of the Market-Frankford Line and near the growing Kensington Avenue corridor between Lehigh Avenue and Front Street, the property benefits from transit accessibility and continued commercial momentum.
All zoning, licenses, leases, and operating expenses are fully documented. Profit and Loss statements and supporting financials are available for serious inquiries.
In addition to its current performance, the layout and outdoor amenities present potential long-term condominium sell-off optionality, though no condo declaration has been filed.
The fundamentals are already in place — stabilized, occupied, and built to keep doing exactly what it's done since 2023: generate income.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Hardwood

Inclusions 6 refrigerators, 6 washers, 6 dryers

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

View City

Roof Type Rubber

Accessibility None

Parking Type On Street

Building

New Construction N

Lot Dimensions 59' X 50.5'

Sewer Public Sewer

Water Public

Schools

School District Philadelphia City

Others

Tax Amount $1,260

Tax Year 2026

Tax ID 881000049

Ownership Fee Simple

Security Features Intercom

Special Sale Standard

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Listed by Jeanne Whipple • Elfant Wissahickon Realtors

1842 E HAROLD ST Philadelphia, PA 19125