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MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in the West Kensington neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among several multi-family and mixed-use developments, and in close proximity to Temple University. The Property is located in a Qualified Opportunity Zone (QOZ), which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid, until 2026. More information is located on page 5 of the OM. The properties are situated in a Mixed Income Overlay District, which provides for affordable housing requirements. A link to the ordinance is provided in the OM.
| DAYS ON MARKET | 21 | LAST UPDATED | 4/13/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 19122 (19122) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| PRICE HISTORY | |
| Prior to Jan 22, '26 | $550,000 |
|---|---|
| Jan 22, '26 - Mar 19, '26 | $475,000 |
| Mar 19, '26 - Apr 2, '26 | $425,000 |
| Apr 2, '26 - Apr 13, '26 | $399,000 |
| Apr 13, '26 - Today | $365,000 |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19122 (19122) |
| CONSTRUCTION | Other |
| HEAT | Other |
| LOT DIMENSIONS | 60' x 54' |
| PARKING | Other |
| SEWER | Other |
| TAXES | 6686.33 |
| WATER | Other |
| ZONING | (Seller has zoning approval for 12 unit multifamily building) |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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