1649 ALLENGROVE ST, Philadelphia, PA 19124
1649 ALLENGROVE ST, Philadelphia, PA 19124
1649 ALLENGROVE ST, Philadelphia, PA 19124
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Andrea Balkiewicz

Andrea Balkiewicz

+1(484) 368-1103
Listed by Lay Gauv • EXP Realty, LLC
$249,900
Est. payment /mo
1,344 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $185

Subdivision Frankford

MLS Listing ID PAPH2581706

Style Other

Abv Grd Liv Area 1,344

Year Built 1925

Annual Tax Amount $2,445

Tax Year 2025

Lot Size 1,475 Sqft

Acres 0.03

Lot Dimensions 16.00 x 93.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

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.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RM1

Rooms

Basement Full

Interior

Hot Water Electric

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas, Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block

Above Ground Finished SqFt 1344

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 232218100

Ownership Fee Simple

SqFt Source 1344

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Andrea Balkiewicz

Andrea Balkiewicz

+1(484) 368-1103

REALTOR® | License ID: RS313316

REALTOR® License ID: RS313316

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