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1649 Allengrove St, Philadelphia, PA 19124

Philadelphia
Local realty services provided by:CENTURY 21 Downtown
1649 Allengrove St,Philadelphia, PA 19124
$240,000
  • 2 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: lay gauv
Office: exp realty, llc.
MLS#:PAPH2581706
Source:BRIGHTMLS

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Price summary

  • Price:$240,000

About this home

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.

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2581706
  • Added:99 day(s) ago
  • Updated:May 21, 2026 at 05:55 AM

Rooms and interior

  • Bedrooms:2
  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:90% Forced Air, Electric, Natural Gas

Structure and exterior

  • Year built:1925
  • Construction Materials:Masonry
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$240,000
  • Tax amount:$2,445 (2025)

Parking

  • Parking description:On Street

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