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$250,000

11 hours ago

0 Bed

0 Bath

1344 sqft

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MLS® PAPH2581706

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1344 sqft
Garage No
Taxes $2,445
Days Active 0
Lot Size 0.03 acres
Approx. Age 1925
Avg. Price Per Sqft $186
MLS® Number PAPH2581706

Property Address: 1649 Allengrove St, PHILADELPHIA, PA, 19124-2774

Average square foot calculated using Size range provided by listing agent.

Description

Investor opportunity in the heart of Frankford. This fully leased triplex delivers strong in-place cash flow with an estimated 8.85% cap rate, making it a solid addition to an income-focused portfolio. The property features two 1-bedroom/1-bath units and one studio, all currently occupied with leases in place. Current rents are as follows: Unit #1 rents for $1, 050/month with a lease through 12/11/26; Unit #2F rents for $775/month with a lease through 1/31/27; and Unit #2R is a studio renting for $650/month with a lease through 1/31/27. Long-term leases provide stable cash flow with limited near-term turnover. Located just steps from Jefferson Frankford Hospital and the Market-Frankford Line, the property benefits from consistent rental demand and excellent accessibility to public transportation, shopping, dining, and neighborhood amenities. A turnkey, income-producing asset in a well-connected Philadelphia location.
MLS® NumberPAPH2581706
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
Exterior
GarageNo
Approx. Age1925
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
1649 Allengrove St, PHILADELPHIA, PA

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