SQUARE FEET1,344
MLS#PAPH2581706
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFRANKFORD
SCHOOLPHILADELPHIA CITY
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Window Unit(s)
Fuel Type: Natural Gas, Electric
Heating: 90% Forced Air
Lot Size: 0.03 Acres
Taxes: $2,445
Year Built: 1925
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 2
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Studio Efficiency Units: 1
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC
Agency Phone: 8883977352
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
First AmericanEstimate Your Payment
Estimated Payment
$ 833.06 per month $556.39 Principal & Interest $203.75 Property Tax $72.92 Homeowner's Insurance
1649 Allengrove Street | MLS# PAPH2581706
This multi-family property located at 1649 Allengrove Street, Philadelphia, PA 19124 is currently listed for sale with an asking price of $250,000. Allengrove Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.homesale.com today.