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1649 Allengrove St
For Sale $250,000 ($186.01 per Sq Ft)
$250,000 ($186.01 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 1,344 Sq Ft
- 1,475 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $250,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 1,344 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232218100 |
| MLS # | PAPH2581706 |
| Property ID | 322584792 |
| Lot Sqft | 1,475 |
| Zoning | RM1 |
| Total Units | 3 |
| Days on Market | 4 |
| Original List Price | Unknown |
| Date Updated | February 10, 2026 |
| Date Created | February 09, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $30,000 | $0 |
| Cap Rate | 8.85% |
Listing Provided By
Lay Gauv an agent of . Lic #RS340985
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Data last updated: February 13, 2026.
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Robert Crawford
REAL ESTATE AGENT