Kensington Duplex Investment
For Sale
$168,888
626 East Allegheny Avenue, Philadelphia, PA 19134
Two-unit building in Kensington near transportation and amenities.
Property Size1,173 SF
Price / SF$143.98
Days on Market493
Property Features for 626 East Allegheny Avenue
General Information
Standard status
Active
Size
1,173 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1920
Listing Agency:
KW Empower
(267) 628-8062
Listed By:
Minh Nguyen-Rivera · License #RS333589
(267) 628-8062
Source:
Compass
Added: Mar 27, 2025
Changed: Jul 10
Last Checked: Jul 31 at 12:59PM
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 KW Empower
Investment Insights
Based on property information with market context.
Located in the heart of Kensington, this duplex is situated near Fishtown, Norris Square, and Olde Kensington. The property features two units: one with one bedroom and one bathroom, and another with two bedrooms and one bathroom. Current leases are month-to-month, with potential for increased rental income. The property is positioned in an area with public transportation, medical institutions, new construction, and commercial mixed-use corridors. Major development projects are underway nearby, including the revitalization of Kensington Avenue and large-scale residential developments. The property's location within a Qualified Opportunity Zone offers potential capital gains tax advantages for investors. Additional features include easy parking and proximity to trolley and bus stops. The property is close to various cuisines and food establishments, as well as other subsections of the Riverwards. It is also located less than 10 minutes from the Philadelphia International Airport and close to multi-modal public transportation and highways.
Key Highlights
- 7.30% capitalization rate** with potential to increase to 11.62%.
- Located in a Qualified Opportunity Zone, offering potential capital gains tax advantages.
- Package deal opportunity with two other multi‑unit buildings for a total of 9 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit building in Kensington near transportation and amenities.
Where is this duplex located?
The property is located at 626 East Allegheny Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $168,888.
What are key features of this property?
This property features: 7.30% capitalization rate** with potential to increase to 11.62%.; Located in a Qualified Opportunity Zone, offering potential capital gains tax advantages.; Package deal opportunity with two other multi‑unit buildings for a total of 9 units.
