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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1649 ALLENGROVE Street in PHILADELPHIA, PA is listed for $250,000 ($186 per sqft). Built in 1925, the home offers 1,344 sqft of living space on a 0.03 acres lot.
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.
Key Features
- Built in 1925
- 0.03 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1649 ALLENGROVE Street
PHILADELPHIA, PA 19124
FRANKFORD
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1649 ALLENGROVE Street is listed at $250,000 ($186/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.03 acre lot.
This property is listed by Lay Gauv and can be reached at 2672596034 or lay.gauv@exprealty.com.
