422 E Allegheny Ave, Philadelphia, PA 19134

Philadelphia
Local realty services provided by:Pagoda Realty ERA Powered
422 E Allegheny Ave,Philadelphia, PA 19134
$199,999
  • 5 Beds
  • - Baths
  • 1,980 sq. ft.
  • Multi-family
  • Active
Listed by: aldo torres
Office: homestarr realty
MLS#:PAPH2605496
Source:BRIGHTMLS

Price summary

  • Price:$199,999
  • Price per sq. ft.:$101.01

About this home

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...

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Home facts

  • Year built:1930
  • Subdivision & Development:KENSINGTON
  • Listing ID #:PAPH2605496
  • Added:182 day(s) ago
  • Updated:October 08, 2026 at 01:37 PM

Rooms and interior

  • Bedrooms:5
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,980 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Year built:1930
  • Building area:1,980 sq. ft.
  • Lot area:0.02 Acres
  • Construction Materials:Block
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,999
  • Price per sq. ft.:$101.01
  • Tax amount:$2,642 (2025)

Parking

  • Parking description:On Street

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