Trophy Commercial Real Estate is pleased to present 2440 Kensington Avenue, a 10-unit multifamily property with a commercial component located along the Kensington Avenue corridor in Philadelphia.

The asset consists of 10 two-bedroom apartments totaling approximately 7,928 rentable square feet, along with a 2,500 square foot commercial space, providing diversified and stable income. The property offers strong in-place rents, additional income streams, and a proven operating history.

With an average rent of approximately $1,533 per unit and a projected 7.31% cap rate, the investment delivers immediate cash flow with continued upside as the surrounding neighborhood experiences ongoing redevelopment and growth.

Investment Highlights

• 10 residential units + 1 commercial space

• Projected 7.31% cap rate at asking price

• Approximately $47,665 annual cash flow after debt service

• Average rent of $1,533 per unit

• 10 two-bedroom units averaging 793 SF

• Additional income from commercial space and bill-backs ($42,000 annually)

• Efficient expense structure (25% of EGI)

• Strong workforce housing demand supporting stable occupancy

  Asking Price: $2,225,000
  Price per Unit: $222,500
  Price/SF: $280.65
  Cap Rate: 7.31%