$1,475,000
( $203.67Per Sq Foot )
 $7,918 est/mo Sourced by Back At You

1917 E Letterly St,PHILADELPHIA, PA 19125

PHILADELPHIA, PA 19125

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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 $12,550 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.

Details

MLS #PAPH2583348
Listing TypeFor Sale
Building NameMELROWS PLACE
Sub-TypeResale
StatusActive-bright
Year2019
Days On Site236
Listing Provided ByElfant Wissahickon Realtors | Jeanne A Whipple

Features

Story(s)4
Units8
ZoningRSA5
Acreage0.06

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingForced Air

Exterior

RoofFlat
Security FeaturesCarbon Monoxide Detectors, Electric Alarm, Smoke Detector, Sprinkler System - Indoor
Construction MaterialsMasonry, Vinyl Siding

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount2099

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19125
Area19125 (19125)
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Elementary SchoolHENRY A. BROWN ACADEMICS PLUS SC
High SchoolPENN TREATY
Listing VS Median (in 19125)
Price:
$1,475,000
low | high
Med:
$290,000
100% of Average
On site:
236
low | high
Med:
29
100% of Average
Sourced by Back At You

Market Activity 19125

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Additional Information

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Learn More About This Property

Doug Raitt

Doug Raitt

Class Harlan Real Estate

RS325292 (215) 681-5661douglas.raitt@gmail.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19125
Area19125 (19125)
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Elementary SchoolHENRY A. BROWN ACADEMICS PLUS SC
High SchoolPENN TREATY
Listing VS Median (in 19125)
Price:
$1,475,000
low | high
Med:
$290,000
100% of Average
On site:
236
low | high
Med:
29
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.16M - $1.843M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1918-20 E CUMBERLAND ST Property Photo 1
$1,475,000
1918-20 E Cumberland St
Philadelphia, PA 19125
Listing Updated: September 29, 2026 at 1:35:35 AM PDT