1649 ALLENGROVE ST Philadelphia, PA 19124

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.