531 E Indiana Ave, PHILADELPHIA, PA 19134
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
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:149 day(s) ago
- Updated:August 27, 2025 at 01:32 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
- New
$199,000Active5 beds 3 baths1,935 sq. ft.2713 Pratt St, PHILADELPHIA, PA 19137
MLS# PAPH2531258Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - Coming Soon
$220,000Coming Soon3 beds 2 baths4011 Marple St, PHILADELPHIA, PA 19136
MLS# PAPH2516300Listed by: REDFIN CORPORATION - New
$389,000Active4 beds 3 baths1,732 sq. ft.358 Tomlinson Ter, PHILADELPHIA, PA 19116
MLS# PAPH2530702Listed by: COMPASS PENNSYLVANIA, LLC - New
$299,000Active3 beds 1 baths1,269 sq. ft.616 Jamestown St, PHILADELPHIA, PA 19128
MLS# PAPH2531282Listed by: COLDWELL BANKER REALTY - New
$299,900Active3 beds 3 baths1,662 sq. ft.2110 W Chew Ave, PHILADELPHIA, PA 19138
MLS# PAPH2531528Listed by: RE/MAX ACCESS - New
$185,000Active3 beds 2 baths1,410 sq. ft.428 Hellerman St, PHILADELPHIA, PA 19111
MLS# PAPH2531558Listed by: EQUITY PENNSYLVANIA REAL ESTATE - New
$120,000Active3 beds 2 baths1,563 sq. ft.2328 W Cumberland St W, PHILADELPHIA, PA 19132
MLS# PAPH2531538Listed by: DOMAIN REAL ESTATE GROUP, LLC - Coming Soon
$649,000Coming Soon3 beds 3 baths2407 Manton St, PHILADELPHIA, PA 19146
MLS# PAPH2530610Listed by: COMPASS PENNSYLVANIA, LLC - New
$99,900Active2 beds 1 baths1,248 sq. ft.1505 N Wanamaker St, PHILADELPHIA, PA 19131
MLS# PAPH2531110Listed by: RE/MAX AFFILIATES - New
$245,000Active1 beds 1 baths938 sq. ft.2601 Pennsylvania Ave #842, PHILADELPHIA, PA 19130
MLS# PAPH2531514Listed by: BHHS FOX & ROACH-CENTER CITY WALNUT
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.