$ 1,585,000
-
$1,585,000
Price -
0
Bed -
0
Bath -
7,242
SqFt
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About the Listing EL-W-WR - 3176115,3219646
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.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Commercial Sale
MLS ®
PAPH2583348
Year Built
2019
Total Square Footage
7,242
Lot/Acreage
0.06
County
Philadelphia
Building Name
MELROWS PLACE
Area
19125 (19125)
School District
The School District Of Philadelphia
Elementary School
Henry A. Brown Academics Plus School
Middle School
Henry A. Brown Academics Plus School
High School
Penn Treaty
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 36x75
- Zoning: USE AS NINE (9) FAMILY HOUSE HOLD LIVING
- Roof: Flat
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,099
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1917 E Letterly St Philadelphia, PA 19125
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