$184,199
PENDING

Estimated payment $1,079/month

Total Views 3,688
-- Bed
-- Bath
2,400 Sq Ft
$77 Price per Sq Ft

Highlights

  • More Than Two Accessible Exits
  • Electric Baseboard Heater
  • 4-minute walk to Somerset

About This Home

Prime investment opportunity at 2952 Kensington Ave! This fully occupied CMX-2.5 zoned triplex features a commercial unit on the first floor($1,250/month) and two residential apartments on the second ($975/month) and third floors ($800/month), generating a total monthly rental income of $3,025. 16% CAP RATE. Located in a high-traffic area, this mixed-use property offers strong cash flow and great potential. Don’t miss out on this turn-key investment!

Listing Agent

Aldo Torres

Homestarr Realty Listed on: 05/18/2025

Homestarr Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,177

Year Built

  • Built in 1915

Lot Details

  • 1,120 Sq Ft Lot
  • Lot Dimensions are 16.00 x 73.00

Parking

  • On-Street Parking

Home Design

  • 2,400 Sq Ft Home
  • Triplex
  • Masonry

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 68
  • Assessor Parcel Number 331427105

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,177

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Prime investment opportunity at 2952 Kensington Ave! This fully occupied CMX-2.5 zoned triplex features a commercial unit on the first floor($1,250/month) and two residential apartments on the second ($975/month) and third floors ($800/month), generating a total monthly rental income of $3,025. 16% CAP RATE. Located in a high-traffic area, this mixed-use property offers strong cash flow and great potential. Don’t miss out on this turn-key investment!
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 76.75
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2952

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 73.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1120.00
  • Year Assessed: 2025
  • Zoning: CMX25

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 659.00
  • Tax Annual Amount: 1177.00
  • Assessor Parcel Number: 331427105
  • Tax Lot: 68
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,576 $84,100 $16,820 $67,280
2024 $2,576 $84,100 $16,820 $67,280
2023 $2,576 $184,000 $36,800 $147,200
2022 $2,576 $184,000 $36,800 $147,200
2021 $472 $0 $0 $0
2020 $472 $0 $0 $0
2019 $438 $0 $0 $0
2018 $1,137 $0 $0 $0
2017 $1,135 $0 $0 $0
2016 $1,135 $0 $0 $0
2015 $1,087 $0 $0 $0
2014 -- $81,100 $4,208 $76,892
2012 -- $5,120 $1,640 $3,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Pending -- -- --
05/30/2025 05/30/25 Price Changed $184,199 -7.5% $77 / Sq Ft
05/18/2025 05/18/25 For Sale $199,199 +896.0% $83 / Sq Ft
05/01/2017 05/01/17 Sold $20,000 -20.0% $8 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $25,000 -- $10 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $20,000 Assurance Abstract Corp
Sheriffs Deed $25,000 None Available
Deed $15,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,024,000 Commercial
Closed $22,189 Future Advance Clause Open End Mortgage
Previous Owner $1,000,000 Construction
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2484182

Bright MLS

APN: 331427105