Five-Unit Multifamily
531 East Indiana Avenue Philadelphia, PA 19134
For Sale
$334,888
Five-unit building with four occupied month-to-month leases and a leasing opportunity for the fifth unit.
Property Size2,322 SF
Price / SF$144.22
Days on Market530
Property Features for 531 East Indiana Avenue
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
KW Empower
(267) 628-8062
Listed By:
Minh Nguyen-Rivera · License #RS333589
(267) 628-8062
Source:
Compass
Added: Feb 10, 2025
Changed: Jul 22
Last Checked: Jul 24 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
Kensington Quarters is a five-unit multifamily building at 531 East Indiana Avenue. Four of the five units are currently occupied, with the leases described as month-to-month, and the fifth unit is available while tenants are being interviewed. The unit mix includes two studio units, two one-bedroom, one-bath units, and one two-bedroom, one-bath unit.
The property is in the Heart of Kensington, positioned near Kensington Avenue, Lehigh Avenue, and E. Allegheny Avenue, with access to nearby public transportation options. The listing also notes easy parking and proximity to trolley and bus stops, and it states the Philadelphia International Airport is less than 10 miles.
Additional context from the listing includes that the property is within a Qualified Opportunity Zone and that there are major development projects in the surrounding area. Financial information, including pro-forma and other analysis, is available for review.
The property is in the Heart of Kensington, positioned near Kensington Avenue, Lehigh Avenue, and E. Allegheny Avenue, with access to nearby public transportation options. The listing also notes easy parking and proximity to trolley and bus stops, and it states the Philadelphia International Airport is less than 10 miles.
Additional context from the listing includes that the property is within a Qualified Opportunity Zone and that there are major development projects in the surrounding area. Financial information, including pro-forma and other analysis, is available for review.
Key Highlights
- 5‑unit building with current monthly rental income of $3,650; 4 of 5 units occupied
- Month‑to‑month leases in place for occupied units, with the fifth unit available while tenants are being interviewed
- Unit mix and rents: two studios ($600/mo and $750/mo), two 1BR/1BA ($600/mo and $700/mo), and one 2BR/1BA ($950/mo)
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit building with four occupied month-to-month leases and a leasing opportunity for the fifth unit.
Where is this apartment building located?
The property is located at 531 East Indiana Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $334,888.
What are key features of this property?
This property features: 5‑unit building with current monthly rental income of $3,650; 4 of 5 units occupied; Month‑to‑month leases in place for occupied units, with the fifth unit available while tenants are being interviewed; Unit mix and rents: two studios ($600/mo and $750/mo), two 1BR/1BA ($600/mo and $700/mo), and one 2BR/1BA ($950/mo)
