1649 Allengrove Street, Philadelphia, PA 19124Asking Price of: $250,000

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Primary property photo for 1649 Allengrove Street

View full listing details at http://www.homesale.com/lid=184445503

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 Details

Address: 1649 Allengrove Street, Philadelphia, PA 19124
Bedrooms: 0
Size: 1,344 square feet
Subdivision: FRANKFORD
Area: PHILADELPHIA
School District: PHILADELPHIA CITY
MLS ID: PAPH2581706
Status: ACTIVE

Property School Information

School District: PHILADELPHIA CITY

Property Features

Taxes: $2,445
Basement: Yes
Exterior: Masonry
Lot Size: 0.03 Acres
Lot Dimensions: 0.03 Acre(S)
Heating: 90% Forced Air
Fuel Type: Natural Gas,Electric
Cooling: Window Unit(s)
Year Built: 1925
Water: Public
Sewer: Public Sewer
Units: 3
Studio Efficiency Units: 1
One Bedroom Units: 2
Municipality: PHILADELPHIA
Additional Structures: Above Grade,Below Grade
Structure Type: End of Row/Townhouse
Basement: Full

Property information as of Wednesday, April 8, 2026 at 10:53 PM America/New_York

Listed By

Agency Name: EXP Realty, LLC
Agency Phone: 8883977352

Shown By

Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535

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