REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Arshia Kia

arshia.kia@exprealty.com +1(571) 276-1206

Listed by Jeanne Whipple • Elfant Wissahickon Realtors

$ 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

MLS Listing ID PAPH2583348

Year Built 2019

Available Date 2026-02-18

Annual Tax Amount $2,099

Tax Year 2026

Lot Size 2,709 Sqft

Acres 0.06

Lot Dimensions 36x75

Property Sub-Type Five Or More Units

Source BRIGHT

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

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

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 ID 881426802

Ownership Fee Simple

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

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(571) 276-1206

arshia.kia@exprealty.com

2000 Duke St, Suite 300, Alexandria

1917 E LETTERLY ST Philadelphia, PA 19125

Arshia Kia

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

1917 E LETTERLY ST