531 E Indiana Ave, Philadelphia, PA 19134
Local realty services provided by:CENTURY 21 Advantage Gold
531 E Indiana Ave,Philadelphia, PA 19134
$334,888
- 4 Beds
- - Baths
- 2,322 sq. ft.
- Multi-family
- Active
Listed by: minh nguyen-rivera
Office: kw empower
MLS#:PAPH2439226
Source:BRIGHTMLS
Price summary
- Price:$334,888
- Price per sq. ft.:$144.22
About this home
KENSINGTON QUARTERS: It is my distinguished honor to present to you Kensington Quarters, located in the Heart of Kensington, close to Fishtown, Norris Square, Olde Kensington, and other subsections of the Riverwards along the Delaware River. Situated at the intersecting sections between Kensington Ave, Lehigh Ave, & E. Allegheny Ave, this 5 unit building nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. 4 of the 5 units are occupied and we are interviewing tenants for the 5th unit. The pro-forma and other financial analysis are available for review. The lease agreements are month-to-month and we project rental income could be increased. Unit 1 [1st Floor]: Studio: $600/month | Unit 2 [1st Floor]: 1 Bed/1 Bath: $600/month | Unit 3 [2nd Floor]: Studio: $750/month | Unit 4 [2nd Floor]: 1 Bed/1 Bath: $700/month | Unit 5 [3rd Floor]: 2 Bed/1 Bath: $950/month CAPITALIZATION RATE: Kensington Quarters has a capitalization rate of 11.13% with current rental income of $3,650 per month. PACKAGE DEAL: This property is to be sold separately or together in a package deal with 626 E. Allegheny Ave., a duplex listed for $169,000 & 3154 Reach St., a duplex listed for $125,000. Together, there are 9 units in 3 buildings FOR SALE. DEVELOPMENT: There are major development projects occurring nearby, including commercial mixed use corridor revitalization of Kensington Ave, which has commercial storefronts underneath the Blue Train line. There are also block developments of major projects that range from 15 unit development to 200 unit development nearby. Investors also acquire shells, factories, storage facilities, warehouses, and other industrial hubs that have laid vacant since the Industrial Revolution of Philadelphia and transform these buildings into multi-unit dwellings and apartment complexes. The combination of public transportation infrastructure meets commercial mixed use corridors allow for tenants to access amenities that makes this multi-unit building a highly desirable and easy to rent building. Projects such as the Hagert Block development, Kensington Courts, Allegheny Ave. commercial development, and other major projects will lead the way to a new Kensington. QUALIFIED OPPORTUNITY ZONE: This property is located within a Qualified Opportunity Zone, allowing investor capital gains tax advantages, which will exacerbate development and investments in these areas. Additional features include: - Easy Parking - Close to trolley, bus stops, the thoroughfares, L Blue Train - Multicultural cuisine & food establishment - Close proximity to Fishtown, Norris Square, Olde Kensington, Port Richmond, and other subsections of the Riverwards. Invest in the City of Brotherly Love & Sisterly Affection, from monstrous skyscrapers, to the stadiums, to the Delaware River, & surrounding landscape of the great City of Philadelphia. The property is close to trolley and bus stops, and less than 10 minutes from the Philadelphia International Airport. and close to multi-modal public transportation, 1-95 highway, and highways to New Jersey and other parts of the Tri-State Counties. We thank you for your consideration and we look forward to doing business with you. We will ensure a professional and respectful transaction for all parties and we wish you luck in the search for your new home in the City of Brotherly Love & Sisterly Affection.
Contact an agent
Home facts
- Year built:1920
- Listing ID #:PAPH2439226
- Added:307 day(s) ago
- Updated:February 01, 2026 at 02:43 PM
Rooms and interior
- Bedrooms:4
- Living area:2,322 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Central, Electric
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:2,322 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$334,888
- Price per sq. ft.:$144.22
- Tax amount:$2,042 (2024)
New listings near 531 E Indiana Ave
- Coming Soon
$352,000Coming Soon3 beds 3 baths6336 Anderson St, PHILADELPHIA, PA 19138
MLS# PAPH2579830Listed by: PETERS GORDON REALTY INC - New
$255,000Active3 beds 2 baths1,600 sq. ft.2146 E Washington Ln, PHILADELPHIA, PA 19138
MLS# PAPH2579854Listed by: RELIANCE REALTY - Coming SoonOpen Sat, 10am to 2pm
$249,900Coming Soon4 beds 1 baths1704 N Lambert St, PHILADELPHIA, PA 19121
MLS# PAPH2579852Listed by: KW EMPOWER - New
$350,000Active4 beds 2 baths1,692 sq. ft.5300 Osage Ave, PHILADELPHIA, PA 19143
MLS# PAPH2578482Listed by: REALTY MARK ASSOCIATES - New
$399,000Active5 beds -- baths2,726 sq. ft.4060 E Roosevelt Blvd, PHILADELPHIA, PA 19124
MLS# PAPH2579320Listed by: TESLA REALTY GROUP, LLC - New
$259,900Active4 beds -- baths3,036 sq. ft.4513 N 19th St, PHILADELPHIA, PA 19140
MLS# PAPH2579346Listed by: TESLA REALTY GROUP, LLC - New
$434,900Active5 beds 4 baths2,468 sq. ft.5942 Ellsworth St, PHILADELPHIA, PA 19143
MLS# PAPH2579832Listed by: MARKET FORCE REALTY - Coming Soon
$214,900Coming Soon2 beds 1 baths6234 Torresdale Ave, PHILADELPHIA, PA 19135
MLS# PAPH2579834Listed by: KW EMPOWER - New
$319,000Active3 beds 3 baths2,326 sq. ft.9364 Clark St, PHILADELPHIA, PA 19115
MLS# PAPH2579838Listed by: COLDWELL BANKER REALTY - New
$249,900Active3 beds 2 baths1,260 sq. ft.714 Disston St, PHILADELPHIA, PA 19111
MLS# PAPH2557808Listed by: FOWLER AND CO
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.