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$250,000

  • For Sale
  • Active
  • Townhouse
  • 1,344 Sq. Ft.
  • Updated 9 days ago
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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.

Full Property Details for 1649 Allengrove St

General

  • Price: $250,000
  • Taxes: $2,445 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2581706
  • Updated: 2/10/2026
  • Added to Site: 10 day(s) ago

Rental Information

  • Lease Info: Yearly

Parking

  • Parking Type: On Street

Location

  • Area: 19124 (19124)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: FRANKFORD
  • Driving Directions: Use GPS

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas, Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: End of Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Block
  • Square Feet: 1,344
  • Sq. Ft. Source: Assessor
  • Living Area: 1,344 Sq. Ft.
  • Finished Above Grnd: 1,344 Sq. Ft.
  • Year Built: 1925
  • Year Built Source: Assessor

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 3

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,475
  • Lot Size Source: Assessor
  • Lot Dimensions: 16.00 x 93.00
  • Zoning: RM1

Financial Considerations

  • Price Per Sq. Ft.: $186.01
  • Operating Expenses: $7,880
  • Assessment Year: 2025
  • School Tax: $1,369
  • City/TownTax: $1,075
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $174,700
  • Tax Amount: $2,445
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1344

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 94

Listed by EXP Realty, LLC, Lay Gauv

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Listing agent

— 1649 Allengrove St —

  • Lay Gauv

    EXP Realty, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1649 Allengrove St

School District:Philadelphia City School District
NameGradesDistance
Harding Warren G Middle School
2000 Wakeling Street, Philadelphia, PA 19124
7-80.5 mi
Frankford High School
5000 Oxford Avenue, Philadelphia, PA 19124
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1649 Allengrove St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$250,000
100.16%
MLS
2/26/2022
Sold
$124,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1649 Allengrove St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,445
—
$174,700
—
2024
$2,445
160%
$174,700
100%
2021
$941
-37%
-100%
2023
$1,505
60%
$107,500
60%
2020
$941
4%
$67,200
4%
2019
$903
-10%
$64,500
-10%
2018
$1,005
—
$71,800
—
2017
$1,005
—
$71,800
—
2016
$1,005
4%
$71,800
—
2015
$962
—
$71,800
—
2014
$962
-1%
$71,800
624%
2013
$969
—
$9,920
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by EXP Realty, LLC, Lay Gauv

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1649 Allengrove Street, Philadelphia, PA 19124 (MLS# PAPH2581706) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 1649 Allengrove Street is currently listed for $250,000 and was received on February 10, 2026. Want to learn more about 1649 Allengrove Street? Do you have questions about finding other Townhouse real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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