About 422 E Allegheny Ave
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 of 422 E Allegheny Ave
| MLS® # | PAPH2605496 |
|---|---|
| Price | $214,999 |
| Bathrooms | 0.00 |
| Square Footage | 1,980 |
| Acres | 0.02 |
| Year Built | 1930 |
| Type | Multi-Family |
| Sub-Type | Triplex,Interior Row/Townhouse |
| Style | Other |
| Status | Active |
Community Information
| Address | 422 E Allegheny Ave |
|---|---|
| Area | 19134 |
| Subdivision | KENSINGTON |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19134 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Hot Water |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Unfinished |
| Fireplace | No |
Exterior
| Exterior | Block |
|---|---|
| Construction | Block |
| Foundation | Block |
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Date Listed | April 8th, 2026 |
|---|---|
| Days on Market | 151 |
| Zoning | RM1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Homestarr Realty |
|---|