Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2019
Sq.Footage
N/A
Twin modern assets. One strategic opportunity. 1918 E. Cumberland and 1917 E. Letterly are two nearly identical 8-Unit multifamily buildings positioned back-to-back on a single long lot in East Kensington — available individually or together for investors seeking scale, stability, and architectural presence. The crisp white brick and corrugated white-and-black metal façade strikes the right balance in a neighborhood defined by its blend of residential streets and light industrial character. Completed in 2018, each building is fully stabilized and 100% occupied at market rents, delivering documented income from day one. 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, ideal for 1031 exchange buyers or investors looking to expand an established portfolio. The buildings each generate approximately $12,000 per month in gross income and have a consistent operating history since completion. 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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,585,000
-
Tax Amount
2099.0
-
Zoning
USE AS NINE (9) FAMILY HOUSE HOLD LIVING
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
HENRY A. BROWN ACADEMICS PLUS SCHOOL
-
Middle School
HENRY A. BROWN ACADEMICS PLUS SCHOOL
-
High School
PENN TREATY
Property Features
-
Stories
4
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
HENRY A. BROWN ACADEMICS PLUS SCHOOL
Middle School
HENRY A. BROWN ACADEMICS PLUS SCHOOL
High School
PENN TREATY
Listing Courtesy of Jeanne A Whipple , Elfant Wissahickon Realtors
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AGENT
Debbie Rogers
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