$ 250,000
-
$250,000
Price -
2
Bed -
3
Bath -
1,344
SqFt
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About the Listing EXPREALP - 3263267
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.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Multi-Family
MLS ®
PAPH2581706
Year Built
1925
Total Square Footage
1,344
Lot/Acreage
0.03
Interior Details
- Bedrooms: 2
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1344
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 93.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,445
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1649 Allengrove St Philadelphia, PA 19124
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