422 E Allegheny Ave, Philadelphia, PA 19134

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
422 E Allegheny Ave,Philadelphia, PA 19134
$224,999
  • 5 Beds
  • - Baths
  • 1,980 sq. ft.
  • Multi-family
  • Active
Listed by: aldo torres
Office: homestarr realty
MLS#:PAPH2605496
Source:BRIGHTMLS

Price summary

  • Price:$224,999
  • Price per sq. ft.:$113.64

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Listing ID #:PAPH2605496
  • Added:50 day(s) ago
  • Updated:May 29, 2026 at 01:40 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:$224,999
  • Price per sq. ft.:$113.64
  • Tax amount:$2,642 (2025)

Parking

  • Parking description:On Street

New listings near 422 E Allegheny Ave