1649 Allengrove Street, Philadelphia, PA 19124 - Photo 1

1/1

$240,000

Sold
Closed
Townhouse
1,344 Sq. Ft.
Updated 22 hours ago

1/1

Property 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.

Full Property Details

Full Property Details for 1649 Allengrove St

General

Sold For: $240,000
Taxes: $2,445 (2025)
Status: Closed
Type: Townhouse
Source: BrightMLSPhilly
MLS ID: PAPH2581706
Added to Site: 101 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.: $185.94
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
Terms: Standard Sale
Tax Total Finished Sq. Ft.: 1344

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 94

Listed by EXP Realty, LLC, Lay Gauv
Sold by KW Empower, Kimberly Cassidy

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Listing agent

— 1649 Allengrove St —

Lay Gauv

EXP Realty, LLC

Listing Office Email: pa.broker@exprealty.com

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Schools

Schools serving 1649 Allengrove St

School District:Philadelphia City School District

Name	Grades	Distance
Harding Warren G Middle School 2000 Wakeling Street, Philadelphia, PA 19124	7-8	0.5 mi
Frankford High School 5000 Oxford Avenue, Philadelphia, PA 19124	9-12	0.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1649 Allengrove St

Date

Details

Price

Change

Source

5/18/2026

Sold

$240,000

-3.96%

MLS

4/22/2026

Price Reduced

$249,900

-0.04%

MLS

2/10/2026

Listed

$250,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1649 Allengrove Street, Philadelphia, PA 19124 (MLS# PAPH2581706) is a Townhouse property that was sold at $240,000 on May 18, 2026. Want to learn more about 1649 Allengrove Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1649 Allengrove St Philadelphia, PA 19124