531 E Indiana Ave, Philadelphia, PA 19134
Local realty services provided by:CENTURY 21 Harbor Realty
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:398 day(s) ago
- Updated:May 03, 2026 at 01:36 PM
Rooms and interior
- Bedrooms:4
- Flooring:Luxury Vinyl Plank
- 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
- Architectural Style:AirLite
- Construction Materials:Masonry
- Foundation Description:Concrete Perimeter
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
$575,000Coming Soon3 beds 4 baths606 E Durham St, PHILADELPHIA, PA 19119
MLS# PAPH2613816Listed by: ELFANT WISSAHICKON-CHESTNUT HILL - New
$267,000Active5 beds -- baths1,743 sq. ft.1730 N 25th St, PHILADELPHIA, PA 19121
MLS# PAPH2614992Listed by: FRANKLIN INVESTMENT REALTY - New
$695,000Active4 beds 4 baths3,450 sq. ft.2324 Reed St, PHILADELPHIA, PA 19146
MLS# PAPH2616286Listed by: PA REALTYWORKS LLC - Coming Soon
$248,000Coming Soon3 beds 2 baths3432 Shelmire Ave, PHILADELPHIA, PA 19136
MLS# PAPH2613434Listed by: REALTY MARK ASSOCIATES - New
$224,900Active3 beds 2 baths1,320 sq. ft.534 W Huntingdon St, PHILADELPHIA, PA 19133
MLS# PAPH2614806Listed by: KELLER WILLIAMS MAIN LINE - New
$145,500Active3 beds 2 baths1,330 sq. ft.5431 N 11th St, PHILADELPHIA, PA 19141
MLS# PAPH2614990Listed by: BHHS FOX & ROACH-HAVERFORD - New
$559,900Active3 beds 3 baths1,953 sq. ft.324 Queen St #b, PHILADELPHIA, PA 19147
MLS# PAPH2615522Listed by: RE/MAX CENTRAL - BLUE BELL - New
$450,000Active5 beds 3 baths2,386 sq. ft.1422 W Tioga St, PHILADELPHIA, PA 19140
MLS# PAPH2615770Listed by: REALTY ONE GROUP FOCUS - New
$119,900Active3 beds 4 baths1,290 sq. ft.314 N Robinson St, PHILADELPHIA, PA 19139
MLS# PAPH2615872Listed by: RE/MAX PRIME REAL ESTATE - New
$180,000Active3 beds 1 baths2,208 sq. ft.4931 N Uber St, PHILADELPHIA, PA 19141
MLS# PAPH2615924Listed by: REALTY ONE GROUP FOCUS
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.