1918-20 E Cumberland Street Philadelphia, PA $ 1,585,000
1918-20 E Cumberland Street
$ 1,585,000
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1918-20 E Cumberland Street

Philadelphia, PA, 19125
$ 1,585,000
Bedrooms-- Baths-- Sq 7,242

Monthly Estimate*

$ 9,759

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Commercial Property for sale in Philadelphia, PA

for $1,585,000. This 7,242 square foot building was built in 2019 on a lot size of 0.06.

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 faade 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.

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Commercial Active

Price

$ 1,585,000

Property Type

Commercial

Taxes

$ 2,099

Style

Apartment Building

Lot Size

0.06

Year Built

2019

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2581540

Features
Interior
Heating Fuel Electric
Flooring Hardwood
Hot Water Electric
Total Stories 4
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 15
Entry Level 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Roof Flat
Zoning RSA5
Security Features Carbon Monoxide Detector(s) Electric Alarm Smoke Detector Sprinkler System - Indoor
Construction Materials Masonry Vinyl Siding
Year Built 2019
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Apartment Building
Building Name MELROWS PLACE
Accessibility None
County PHILADELPHIA
Net Operating Income 107556.00
Insurance Expense 4934.00
New Construction N
Property Type Commercial Sale
MaintenanceExpense 0.00
Water Access Y/N N
Status ACTIVE
Directions Between Emerald Street and Jasper Streets on Cumberland.
City PHILADELPHIA
Disclosures Agent has Financial Interest Owner RE Licensee
Number Of Units Total 8
MLS Area 19125 (19125)
Lot Size Units Square Feet
Lot Size Square Feet 2709.00
Tax Annual Amount 2099.0
Electric Expense 521.00
Fuel Expense 0.00
Property Condition Excellent
Trash Expense 1250.00
Price Per Sq Ft Total AG 218.86
Acceptable Financing Cash Conventional Exchange
Association Fee 0.00
Vacation Rental Y/N N
Virtual Tour https://www.youtube.com/watch?v=8PvOSIv5cek
Location Type Urban
Standard Status Active
Year Built Source Assessor
Total Actual Rent 145740.00
Cap Rate 6.80
Association Recreation Fee N
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Exterior
Water Source Public
Inclusions 8 Refrigerators 8 Washers 8 Dryers
Type of Parking On Street
Water View Y/N N
Building Area Total 7242.00
Lot Dimensions 36x75
Lot Size Acres 0.06
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 150000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1918
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* Excluded Features
List By
Elfant Wissahickon Realtors

Broker

jeanne@phillyhomegirls.com

Email

Affordability Calculator

$9,934
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,759
Monthly Property Taxes
$175
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2026$1,585,000 Listed Price

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1918-20 E Cumberland Street, Philadelphia, PA, 19125 is a Commercial Property for sale at $1,585,000 with 7,242 sqft and a lot size of 0.06. 1918-20 E Cumberland Street was built in 2019. The property's zip code is 19125 which is in Philadelphia, PA