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1842 E Harold St
Coming Soon $1,585,000
$1,585,000
- 6 Units
- Unknown Sq Ft
- 2,980 Sq Ft
- Unknown Cap Rate
Description
The Blue Building with the distinctive fish scale siding, 1842 E. Harold Street is a six-unit East Kensington multifamily property completed in 2022 and fully occupied at market rents. Offered at $1,585,000 with tax abatement through 2033, the building provides documented income from day one and aligns well with 1031 exchange buyers seeking stable, predictable cash flow. The property is 100% occupied at market rents, generating $9,450 per month in gross income with a proven operating history since completion. This is not a lease-up opportunity. There is no vacancy story to underwrite and no pro forma guesswork- the building is stabilized, documented, and producing from day one. The unit mix includes three bi-level 2-bedroom, 2-bath units each with private roof decks; one 2-bedroom, 2-bath unit with private yard; one 1-bedroom, 1-bath unit with private yard and balcony; and one 1-bedroom, 1-bath unit with balcony. All six units feature private exterior space, in-unit washer/dryer, and central air — amenities that support strong tenant retention and long-term rent growth.
Located steps from the Huntingdon Station of the Market-Frankford Line and near the growing Kensington Avenue corridor between Lehigh Avenue and Front Street, the property benefits from transit accessibility and continued commercial momentum.
All zoning, licenses, leases, and operating expenses are fully documented. Profit and Loss statements and supporting financials are available for serious inquiries.
In addition to its current performance, the layout and outdoor amenities present potential long-term condominium sell-off optionality, though no condo declaration has been filed.
The fundamentals are already in place — stabilized, occupied, and built to keep doing exactly what it’s done since 2023: generate income.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,585,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 4 stories |
| Parking Spots | 0 spots |
| Year Built | 2022 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881000049 |
| MLS # | PAPH2583334 |
| Property ID | 322596280 |
| Lot Sqft | 2,980 |
| Zoning | RM1 |
| Total Units | 6 |
| Date Updated | February 14, 2026 |
| Date Created | February 12, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $112,800 | $0 |
| Operating Expenses | $ 28,133 |
| Net Income (Yr) | $ 84,667 |
| Cap Rate | 5.40% |
Listing Provided By
Jeanne A Whipple an agent of Elfant Wissahickon Realtors. Lic #RS275042
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Data last updated: February 23, 2026.
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Robert Crawford
REAL ESTATE AGENT