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Renovated Triplex with Original Details
New
For Sale
$410,000

1221 W ALLEGHENY AVENUE, Philadelphia, PA 19133

Fully occupied, licensed multifamily property with three upgraded apartments and convenient access to public transportation.

Property Size2,736 SF
Days on Market5

Property Features for 1221 W ALLEGHENY AVENUE

General Information

Standard status Active
Size 2,736 SF
Property subtype Triplex

Taxes and HOA fees

Annual Taxes $5,754

Building Details

Building Size 2,736 SF
Year Built 1930
Listing Agency: Elfant Wissahickon Realtors
Listed By: Rachel F Shaw · License #RS338589
Source: Patmckennarealtors
Added: Sep 16 Changed: Sep 18 Last Checked: Sep 20 at 10:47AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elfant Wissahickon Realtors

Investment Insights

Based on property information with market context.

Built in 1930, this legal triplex at 1221 W Allegheny Avenue offers three renovated apartments in a professionally managed property. The unit mix includes one 1-bedroom/1-bath apartment with patio access, one 2-bedroom/2-bath apartment, and one 3-bedroom/2-bath apartment. Each residence has central air conditioning and heat, updated windows, and sprinkler protection. Tenants also share access to an unfinished basement with separate washer and dryer units for each apartment.

The property is zoned RM1, fully occupied, and supported by an active rental license covering all three units. Its brick exterior, front porch, built-in wardrobes, wood mantel pieces, and stained-glass pocket doors retain substantial architectural character. The Allegheny stop on the Broad Street Line is 2 blocks away, with additional bus routes providing transit connections throughout Philadelphia.

Key Highlights

  • Legal triplex with active rental license covering all 3 units
  • Three apartments renovated in 2020 with a 1‑bedroom, 2‑bedroom, and 3‑bedroom unit mix
  • RM1 zoning and professional property management

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Parking Lot & Garage Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,522
Businesses Nearby

Demographics for 19133, PA

24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied, licensed multifamily property with three upgraded apartments and convenient access to public transportation.
Where is this triplex located?
The property is located at 1221 W ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Legal triplex with active rental license covering all 3 units; Three apartments renovated in 2020 with a 1‑bedroom, 2‑bedroom, and 3‑bedroom unit mix; RM1 zoning and professional property management
More about this property
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