1649 Allengrove Street Philadelphia, PA ^$ 249,900

1649 Allengrove Street

^$ 249,900

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1649 Allengrove Street

Philadelphia, PA, 19124

^$ 249,900

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 1,539

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Multi-Family Home for sale in Philadelphia, PA

for $249,900 with 2 bedrooms. This home was built in 1925 on a lot size of 0.03.

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.

Multi-Family Active

Price

^$ 249,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,445

Style

Lot Size

0.03

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2581706

Features

General

Living Area 1344

Sewer Public Sewer

Heating 90% Forced Air

Cooling Window Unit(s)

Possession Settlement

Zoning RM1

Architectural Style Other

Construction Materials Masonry

School District PHILADELPHIA CITY

Year Built 1925

Property Subtype Triplex

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Municipality PHILADELPHIA

Accessibility None

County PHILADELPHIA

Operating Expense 7880.00

New Construction N

Property Type Multi-Family

Subdivision Name FRANKFORD

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status ACTIVE

Directions Use GPS

City PHILADELPHIA

Number Of Units Total 3

MLS Area 19124 (19124)

Lot Size Units Square Feet

Lot Size Square Feet 1475.00

Number of Units Leased 3

Tax Annual Amount 2445.0

Two Bedroom 0

Structure Type End of Row/Townhouse

Price Per Sq Ft Total AG 185.94

Rent Control Y/N N

Vacation Rental Y/N N

Lease Type Yearly

Standard Status Active

Year Built Source Assessor

Tax Lot 94

Total Actual Rent 30000.00

Cap Rate 8.85

Interior

Heating Fuel Natural Gas Electric

Basement Full

Hot Water Electric

Furnished Units None

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Central Air Y/N N

Exterior

Pool No Pool

Water Source Public

Type of Parking On Street

Foundation Details Block

Water View Y/N N

Lot Dimensions 16.00 x 93.00

Lot Size Acres 0.03

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 34940.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 1649

* Excluded Features

List By

Exp Realty, Llc

Broker

lay.gauv@exprealty.com

Affordability Calculator

$1,742

Per Month

Monthly Principal & Interest: $1,539
Monthly Property Taxes: $204
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Philadelphia, PA

Average List Price ^$560,048

Percent of Sale Price 124%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4835660 Elementary School

4835659 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2026	$249,900	-0.04%	Price Down
2/10/2026	$250,000		Listed Price

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1649 Allengrove Street, Philadelphia, PA, 19124 is a Multi-Family Home for sale at $249,900 with a lot size of 0.03. 1649 Allengrove Street has 2 bedrooms, 0.0 baths, and was built in 1925. The property's zip code is 19124 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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1649 Allengrove Street

Multi-Family Home for sale in Philadelphia, PA

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