# 1649 ALLENGROVE Street, PHILADELPHIA, PA 19124

> **TL;DR:** residential multi family, $250,000 ($186/sqft), built 1925, 1,344 sqft.
> A/C. Est. $1,083/mo. Listed 59 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $250,000 |
| Price/sqft | $186 |
| Square Feet | 1,344 |
| Year Built | 1925 |
| Lot Size | 1,307 sqft (0.03 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 59 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,083 |
| **Total** | **$1,083** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1925
- 0.03 acre lot

## Description

### Agent 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

- **Address:** 1649 ALLENGROVE Street, PHILADELPHIA, PA 19124
- **County:** PHILADELPHIA
- **Neighborhood:** FRANKFORD
- **Coordinates:** 40.01927567, -75.0795517
- **Google Maps:** https://www.google.com/maps?q=40.01927567,-75.0795517

## Listing Agent

- **Name:** Lay Gauv
- **Brokerage:** EXP Realty, LLC
- **Phone:** 2672596034
- **Email:** lay.gauv@exprealty.com

## Primary Photo

![1649 ALLENGROVE Street - Primary Photo](http://lh.rdcpix.com/18aaa24f8685f6b2591be353c22c3b8dl-f1725818979r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/1649-allengrove-street-philadelphia-pa-19124-h2581706)*

---

**MLS#:** PAPH2581706 | **Updated:** 2026-05-01
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1649-allengrove-street-philadelphia-pa-19124-h2581706)

---

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  "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",
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