MLS#PAPH2581540
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
One strong strategic opportunity. 1918 E. Cumberland is an 8-Unit multifamily building well positioned in East Kensington. Ideal for 1031 exchange buyers or investors looking to expand an established portfolio. 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, this 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 of approximately $12,000 per month in gross income. 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 1917 E. Letterly (MLS # PAPH2583348) for a total of 16 units.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Forced Air
Lot Size: 0.06 Acres
Roof Type: Flat
Taxes: $2,099
Year Built: 2019
Feature Descriptions
Building Name: MELROWS PLACE
Days on Site: 17
Exterior: Masonry, Vinyl Siding
Flooring: Hardwood
Location: Urban
Lot Dimensions: 0.06 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 8
Water: Public
Local Schools
High School: PENN TREATY
Middle School: HENRY A. BROWN ACADEMICS PLUS SCHOOL
Elementary School: HENRY A. BROWN ACADEMICS PLUS SCHOOL
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Elfant Wissahickon Realtors
Agency Phone: 2158660050
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1918-20 E Cumberland Street | MLS# PAPH2581540
This commercial property located at 1918-20 E Cumberland Street, Philadelphia, PA 19125 is currently listed for sale with an asking price of $1,585,000. 1918-20 E Cumberland Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.