Excellent opportunity to purchase a mixed-use multi-family property in the heart of rapidly appreciating Olde Kensington. This fully leased, income producing, CMX2.5 building offers three residential units over one commercial space. The property currently generates $4,825/month ($57,900/year), with low operating expenses and exceptionally low annual taxes of just $3,002 (2026).… Read More Originally purchased from an owner-occupant with a rental license for one rental unit over retail space, the property has since undergone a significant legal conversion and improvement process. The building was formally and legally converted to three residential units over one retail space to reflect the accurate configuration of the property. The permitting and inspection process was managed through the Philadelphia Bureau of Building Standards. The building had previously been refreshed in 2019, including updated kitchens, bathrooms and flooring. Most recently, 2026 updates include a brand new asphalt roof, hot water heater, washer/dryer, and 6 new windows. This fully leased property offers a rare combination of income-producing use, updated condition, documented compliance work, and the possibility of long-term upside in one of Philadelphia's most active growth corridors. Surrounded by continued development, new construction, restaurants, popular retail, and a short walk to public transportation (the Berks Street El stop is only a few blocks east!) - it is an investors dream. With its updated licensing, Certificate of Occupancy, and desirable mixed-use configuration, this is a compelling opportunity for buyers seeking both current cash flow and future appreciation. Buyer is responsible for independently verifying lot size, taxes, zoning, permitted uses, rental licensing, Certificate of Occupancy, and any egress/ingress requirements. Current licensing documents and rent roll available for review upon request by qualified buyers. Photos shown are of unit 1 (the smallest studio layout in building). All residential units have similar level of finishes and are all studios. Read Less
Courtesy of Emily Nussbaum, Compass Pennsylvania, LLC 610-822-3356
Listing Snapshot
Days Online
93
Last Updated
Property Type
Commercial
Square Ft.
2,592
Lot Size
0.03 Acres
Year Built
1925
MLS Number
PAPH2646596
Additional Details
Building
Built in 1925, Built in 2019 (effective), Construction Materials: Masonry
Cooling
Window Unit(s)
Accessibility Features
None
Foundation
Permanent
Heating
Forced Air
Lot
0.03 acres, Dimensions: 16x72
Owner Pays
Water, Trash Collection, Taxes - Real Estate, Sewer Maintenance, Sewer, Insurance, Common Area Maintenance
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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