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.
Sold for $240,000
$240,000
1649 Allengrove St, Philadelphia, PA 19124
3beds
--baths
1,344sqft
Townhouse
Built in 1925
-- sqft lot
$-- Zestimate®
$179/sqft
$1,448 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,448/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Lay Gauv 267-259-6034,
EXP Realty, LLC
Bought with:
Kimberly Cassidy, RS287243
KW Empower
Source: Bright MLS,MLS#: PAPH2581706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,344
- Total interior livable area: 1,344 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,475 sqft
- Dimensions: 16.00 x 93.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 232218100
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Block
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Frankford
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 30000
Other
Other facts
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $240,000-4%$179/sqft |
Source:  Bright MLS #PAPH2581706 Report a problem | ||
| 5/6/2026 | Contingent | $249,900$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 4/22/2026 | Price change | $249,9000%$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 2/10/2026 | Listed for sale | $250,000+100.2%$186/sqft |
Source: Bright MLS #PAPH2581706 Report a problem | ||
| 3/23/2022 | Sold | $124,900+101.5%$93/sqft |
Source: Public Record Report a problem | ||
| 1/25/2016 | Sold | $62,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,445 +62.5% | $174,700 +62.5% |
| 2024 | $1,505 | $107,500 |
| 2023 | $1,505 +60% | $107,500 |
| 2022 | $941 | -- |
| 2021 | $941 +4.2% | -- |
| 2018 | $903 | -- |
| 2017 | $903 -10.2% | -- |
| 2016 | $1,005 | -- |
| 2015 | $1,005 | -- |
| 2014 | $1,005 +4.5% | $71,800 +623.8% |
| 2012 | $962 | $9,920 |
| 2011 | -- | $9,920 |
| 2010 | -- | $9,920 |
| 2009 | -- | $9,920 |
| 2008 | -- | $9,920 |
| 2007 | -- | $9,920 |
| 2006 | -- | $9,920 |
| 2005 | -- | $9,920 |
| 2004 | -- | $9,920 +9.9% |
| 2003 | -- | $9,024 |
| 2002 | -- | $9,024 -2.8% |
| 2000 | -- | $9,280 |
| 1999 | -- | $9,280 |
Find assessor info on the county website
Neighborhood: Frankford
Nearby schools
GreatSchools rating
- 3/10Marshall John SchoolGrades: K-5Distance: 0.5 mi
- 4/10Harding Warren G Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Frankford High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Philadelphia County
- Philadelphia
- 19124
- Frankford
- 1649 Allengrove St
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