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422 E ALLEGHENY AVENUE

PHILADELPHIA, PA 19134

MLS#: PAPH2605496

$224,999

Status: Active
Listing number: PAPH2605496
Listing provided by: Homestarr Realty
Listing agent phone: None
Last update: 12 days ago
On site: 13 days ago
Browse Properties
KENSINGTON - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1930

Sq.Footage

1,980

Turnkey investment opportunity at 422 E Allegheny Ave! This RM1-zoned triplex is priced at just $224,999 and offers immediate cash flow with additional upside, including potential space for a 4th unit. The property features three separately metered units: a first-floor 2-bedroom, 1-bath apartment currently rented month-to-month at $950, a second-floor 2-bedroom, 1-bath apartment that is vacant and ready for a new tenant or owner-occupant, and a third-floor 1-bedroom, 1-bath apartment rented month-to-month at $700. With two units already producing income and one available for lease at market rent, this property provides flexibility and strong earning potential. Separate utilities help keep expenses down, and the possibility to add another unit makes this a prime value-add opportunity. Conveniently located in an easy-commute area with a bus stop right on the corner, this property is ideal for tenants and owners alike. Whether you're a seasoned investor or just getting started, this property is ready to sell—schedule your showing and make your offer today!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1980.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.02

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $224,999

  • Tax Amount

    $2,642

  • Sq. Footage

    1, 980

  • Price/SqFt

    $113

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Tax Lot

    101

  • Water Source

    Public

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Listing Courtesy of Aldo Torres , Homestarr Realty

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Turnkey investment opportunity at 422 E Allegheny Ave! This RM1-zoned triplex is priced at just $224,999 and offers immediate cash flow with additional upside, including potential space for a 4th unit. The property features three separately metered units: a first-floor 2-bedroom, 1-bath apartment currently rented month-to-month at $950, a second-floor 2-bedroom, 1-bath apartment that is vacant and ready for a new tenant or owner-occupant, and a third-floor 1-bedroom, 1-bath apartment rented month-to-month at $700. With two units already producing income and one available for lease at market rent, this property provides flexibility and strong earning potential. Separate utilities help keep expenses down, and the possibility to add another unit makes this a prime value-add opportunity. Conveniently located in an easy-commute area with a bus stop right on the corner, this property is ideal for tenants and owners alike. Whether you're a seasoned investor or just getting started, this property is ready to sell—schedule your showing and make your offer today!

422 E ALLEGHENY AVENUE

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