MLS#PAPH2583348
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
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.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.06 Acres
Roof Type: Flat
Taxes: $2,099
Year Built: 2019
Feature Descriptions
Building Name: MELROWS PLACE
Days on Site: 17
Exterior: Masonry, Vinyl Siding
Flooring: Hardwood
Location: Urban
Lot Dimensions: 0.06 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 8
Water: Public
Local Schools
High School: PENN TREATY
Middle School: HENRY A. BROWN ACADEMICS PLUS SCHOOL
Elementary School: HENRY A. BROWN ACADEMICS PLUS SCHOOL
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Elfant Wissahickon Realtors
Agency Phone: 2158660050
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1917 E Letterly Street | MLS# PAPH2583348
This commercial property located at 1917 E Letterly Street, Philadelphia, PA 19125 is currently listed for sale with an asking price of $1,585,000. E Letterly Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymarkllc.com today.