$199,999

Property Description

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!

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Apr 7, 2026

Price per Sq Ft

$101/sqft

ZIP Code

19134

Parking

On Street

Heating

Hot Water

Construction

Block

Property Tax (2026)

$2,642/yr

Assessed Value

$188,800

Last Sold

$65,000 · Dec 13, 2005

Neighborhood

Upper Kensington

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.99744 · Lng -75.12247