531 E Indiana Ave, Philadelphia, PA 19134
Local realty services provided by:CENTURY 21 Alliance
531 E Indiana Ave,Philadelphia, PA 19134
$330,000
- 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:$330,000
- Price per sq. ft.:$142.12
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:490 day(s) ago
- Updated:August 03, 2026 at 01:43 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:$330,000
- Price per sq. ft.:$142.12
- Tax amount:$2,042 (2024)
New listings near 531 E Indiana Ave
- New
$154,900Active3 beds 1 baths960 sq. ft.2605 S Robinson St, PHILADELPHIA, PA 19142
MLS# PAPH2644098Listed by: COLDWELL BANKER HEARTHSIDE-ALLENTOWN - New
$125,000Active2 beds 1 baths800 sq. ft.3738 N Darien St, PHILADELPHIA, PA 19140
MLS# PAPH2655296Listed by: LPT REALTY, LLC - New
$325,000Active2 beds 2 baths926 sq. ft.1405 N Corlies St, PHILADELPHIA, PA 19121
MLS# PAPH2655308Listed by: ROSEDALE REAL ESTATE LLC - Coming Soon
$349,900Coming Soon3 beds 2 baths3742 Pearson Ave, PHILADELPHIA, PA 19114
MLS# PAPH2652912Listed by: KELLER WILLIAMS REAL ESTATE TRI-COUNTY - Coming SoonOpen Sat, 10am to 12pm
$489,900Coming Soon4 beds 4 baths3 Lothian Pl, PHILADELPHIA, PA 19128
MLS# PAPH2655256Listed by: TRINITY PROPERTY ADVISORS - Coming Soon
$239,999Coming Soon2 beds 1 baths4509 Gaul St, PHILADELPHIA, PA 19137
MLS# PAPH2655300Listed by: KW EMPOWER - New
$259,900Active3 beds 3 baths1,552 sq. ft.1822 Fox Chase Rd, PHILADELPHIA, PA 19152
MLS# PAPH2653716Listed by: RE/MAX ONE REALTY - Coming SoonOpen Sat, 11am to 1pm
$324,900Coming Soon2 beds 1 baths357 W Salaignac St, PHILADELPHIA, PA 19128
MLS# PAPH2655254Listed by: COMPASS PENNSYLVANIA, LLC - New
$121,000Active4 beds 4 baths1,800 sq. ft.1307 N 54th St, PHILADELPHIA, PA 19131
MLS# PAPH2655276Listed by: ELIAKIM REALTY INC - New
$115,000Active3 beds 2 baths936 sq. ft.218 N Gross St, PHILADELPHIA, PA 19139
MLS# PAPH2653374Listed by: EXP REALTY, LLC