626 E Allegheny Ave, Philadelphia, PA 19134
Local realty services provided by:ERA Central Realty Group
626 E Allegheny Ave,Philadelphia, PA 19134
$168,888
- 3 Beds
- - Baths
- 1,173 sq. ft.
- Multi-family
- Active
Listed by: minh nguyen-rivera
Office: kw empower
MLS#:PAPH2464358
Source:BRIGHTMLS
Price summary
- Price:$168,888
- Price per sq. ft.:$143.98
About this home
It is my distinguished honor to present to you Kensington Duplex, located in the Heart of Kensington, close to Fishtown, Norris Square, Olde Kensington, and other subsections of the Riverwards along the Delaware River. Situated at the intersecting sections between Kensington Ave, Lehigh Ave, & E. Allegheny Ave, this 2 unit building nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. The pro-forma and other financial analysis are available for review. The lease agreements are month-to-month and we project rental income could be increased.
Unit 1 [1st Floor]: 1 Bed/1 Baths: $700/month
Unit 2 [2nd Floor]: 2 Bed/1 Bath: $900/month
CAPITALIZATION RATE: Kensington Duplex has a capitalization rate of 7.30% with current rental income of $1,500 per month. The cap rate could increase to 10.02% if rental income was increased by $100/month to $1,700/month with minor increases on each rental unit. Cap rates could increase to 11.62% if you reduce the monthly gas operating expense by installing electric baseboards or allocate utility costs to the tenants.
PACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties:
(1) 531 E. Indiana Ave, 5 Unit Building listed for $335,000.
(2) 3154 Reach St., 2 Unit Building listed for $119,000.
The portfolio includes 9 units in 3 buildings FOR SALE.
DEVELOPMENT: There are major development projects occurring nearby, including commercial mixed use corridor revitalization of Kensington Ave, which has commercial storefronts underneath the Blue Train line. There are also block developments of major projects that range from 15 unit development to 200 unit development nearby. Investors also acquire shells, factories, storage facilities, warehouses, and other industrial hubs that have laid vacant since the Industrial Revolution of Philadelphia and transform these buildings into multi-unit dwellings and apartment complexes. The combination of public transportation infrastructure meets commercial mixed use corridors allow for tenants to access amenities that makes this multi-unit building a highly desirable and easy to rent building. Projects such as the Hagert Block development, Kensington Courts, Allegheny Ave. commercial development, and other major projects will lead the way to a new Kensington.
QUALIFIED OPPORTUNITY ZONE: This property is located within a Qualified Opportunity Zone, allowing investor capital gains tax advantages, which will exacerbate development and investments in these areas.
Additional features include:
- Easy Parking
- Close to trolley, bus stops, the thoroughfares, L Blue Train
- Multicultural cuisine & food establishment
- Close proximity to Fishtown, Norris Square, Olde Kensington, Port Richmond, and other subsections of the Riverwards.
Invest in the City of Brotherly Love & Sisterly Affection, from monstrous skyscrapers, to the stadiums, to the Delaware River, & surrounding landscape of the great City of Philadelphia. The property is close to trolley and bus stops, and less than 10 minutes from the Philadelphia International Airport. and close to multi-modal public transportation, 1-95 highway, and highways to New Jersey and other parts of the Tri-State Counties. We thank you for your consideration and we look forward to doing business with you. We will ensure a professional and respectful transaction for all parties and we wish you luck in the search for your new home in the City of Brotherly Love & Sisterly Affection.
Contact an agent
Home facts
- Year built:1920
- Listing ID #:PAPH2464358
- Added:450 day(s) ago
- Updated:January 17, 2026 at 03:44 PM
Rooms and interior
- Bedrooms:3
- Living area:1,173 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Natural Gas, Radiator
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:1,173 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$168,888
- Price per sq. ft.:$143.98
- Tax amount:$977 (2025)
New listings near 626 E Allegheny Ave
- New
$349,900Active3 beds 2 baths1,250 sq. ft.1937 S Lambert St, PHILADELPHIA, PA 19145
MLS# PAPH2575538Listed by: ELFANT WISSAHICKON-CHESTNUT HILL - Open Wed, 10 to 10amNew
$225,000Active5 beds 3 baths2,034 sq. ft.5609 Wyalusing Ave, PHILADELPHIA, PA 19131
MLS# PAPH2575624Listed by: RE/MAX ACE REALTY - New
$295,000Active4 beds 2 baths2,422 sq. ft.5417 N Front St, PHILADELPHIA, PA 19120
MLS# PAPH2575836Listed by: REALTY MARK ASSOCIATES - New
$150,000Active3 beds 1 baths1,080 sq. ft.2336 S 72nd St, PHILADELPHIA, PA 19142
MLS# PAPH2575804Listed by: WEICHERT REALTORS-CHERRY HILL - New
$156,000Active2 beds 1 baths920 sq. ft.2216 Watkins St, PHILADELPHIA, PA 19145
MLS# PAPH2575808Listed by: BHHS FOX & ROACH-BLUE BELL - New
$118,900Active3 beds 1 baths1,264 sq. ft.5340 Upland St, PHILADELPHIA, PA 19143
MLS# PAPH2575816Listed by: KELLER WILLIAMS MAIN LINE - New
$375,000Active4 beds 2 baths1,575 sq. ft.2609 Ingersoll St, PHILADELPHIA, PA 19121
MLS# PAPH2574412Listed by: QUALITY REAL ESTATE-BROAD ST - New
$192,000Active3 beds 1 baths1,204 sq. ft.Address Withheld By Seller, PHILADELPHIA, PA 19136
MLS# PAPH2574966Listed by: HEYER-KEMNER INC - New
$220,000Active2 beds 2 baths720 sq. ft.4337 J St, PHILADELPHIA, PA 19124
MLS# PAPH2575802Listed by: EXP REALTY, LLC - New
$80,000Active4 beds 1 baths1,248 sq. ft.1924 W Westmoreland St, PHILADELPHIA, PA 19140
MLS# PAPH2575810Listed by: VELVET ROPE HOMES
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.