Date
Details
Price
Change
Source
2/18/2026
Listed
$1,585,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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. 1917 E. Letterly is an 8-Unit apartment building in the heart of East Kensington. Ideal opportunity for 1031 exchange buyers or investors looking to add scale, stability, and architectural presence to an existing portfolio. Completed in 2017, this building is 100% occupied at market rents, delivering documented income of approximately $12,000 per month in gross rents from day one. 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 1918-20 E.Cumberland (MLS # PAPH2581540) for a total of 16 units.
Full Property Details
Full Property Details for 1917 E Letterly St
General
- Price: $1,585,000
- Taxes: $2,099 (2026)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2583348
- Updated: 2/18/2026
- Added to Site: 7 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Hardwood
Rooms
Bathrooms
- Restrooms: 15
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Electric Alarm, Smoke Detector, Sprinkler System - Indoor
Parking
- Parking Type: On Street
Location
- Area: 19125 (19125)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Building Name: MELROWS PLACE
- Cross Streets: Emerald
- Driving Directions: Between Emerald Street and Jasper Streets on Letterly.
- Location Details: Urban
School Information
- Elementary School: Henry A. Brown Academics Plus School
- Middle School: Henry A. Brown Academics Plus School
- High School: Penn Treaty
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry, Vinyl Siding
- Roof: Flat
- Entry Floor Number: 2
- Stories/Levels: 4
- Building Size: 7242
- Year Built: 2019
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,709
- Lot Size Source: Estimated
- Lot Dimensions: 36 x 75
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $218.86
- School Tax: $1,175
- City/TownTax: $923
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,500,000
- Tax Amount: $2,099
- Tax Year: 2026
- Owner Pays: Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: 8 Refrigerators, 8 Washers, 8 Dryers
Listed by Elfant Wissahickon Realtors, Jeanne A Whipple and Elfant Wissahickon Realtors, Christian Fegel
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 1917 E Letterly St —
Jeanne A Whipple
Elfant Wissahickon Realtors
Christian Fegel
Elfant Wissahickon Realtors
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1917 E Letterly St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Brown Henry A School 1946 East Sergeant Street, Philadelphia, PA 19125 | K-8 | 0.1 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.1 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.1 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1917 E Letterly St
Tax History
Tax History for 1917 E Letterly St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,100
—
$1,500,000
—
2024
$2,100
—
$1,500,000
100%
2023
$2,100
19%
100%
2021
$1,760
-20%
-100%
2023
$2,201
-74%
$157,270
-87%
2020
$8,358
—
$1,257,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1917 E Letterly St
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- Townhouse
- Active
- Updated 4 days ago
- 3Beds
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- Active
- Updated 6 days ago
- 2Beds
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- Single Family
- Active
- Updated 5 days ago
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- Townhouse
- Active
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1917 E Letterly Street, Philadelphia, PA 19125 (MLS# PAPH2583348) is a Apartment property. 1917 E Letterly Street is currently listed for $1,585,000 and was received on February 18, 2026. Want to learn more about 1917 E Letterly Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.