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RM1-Zoned Triplex with Separate Metering
For Sale
$214,999

422 E ALLEGHENY Avenue, Philadelphia, PA 19134

MULTI_FAMILY - PHILADELPHIA, PA

Property Size1,980 SF
Lot Size0.02 Acres
Price / SF$108.59
Days on Market145

Property Features for 422 E ALLEGHENY Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Parking features On Street
Subdivision KENSINGTON
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active
Size 1,980 SF
Lot size 0.02 Acres

Taxes and HOA fees

Tax Annual Amount 2642

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1930
Number of units 3
Building materials Block
Listing Agency: Homestarr Realty
Listed By: Aldo Torres
Added: Apr 8 Changed: Aug 2 Last Checked: Aug 30 at 4:06AM
MLS# PAPH2605496

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This RM1-zoned triplex includes three separately metered units, offering flexibility for an investor or an owner-occupant. The first-floor unit is a 2-bedroom, 1-bath apartment leased month-to-month. The second-floor 2-bedroom, 1-bath unit is currently vacant and ready for a new tenant or owner-occupant. The third-floor unit is a 1-bedroom, 1-bath apartment leased month-to-month.

The property sits on a 0.0248-acre lot and includes a basement. Constructed with block materials and built in 1930, the triplex is served by hot water heating. Parking is available on-street.

In addition to the existing three-unit configuration, the property has potential for adding a fourth unit, creating an opportunity to expand the rental layout while maintaining the benefit of separate metering.

Key Highlights

  • RM1 zoning for a three‑unit triplex
  • Three separately metered units
  • Second‑floor 2‑bedroom, 1‑bath unit is vacant and ready to lease

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Travel Agency (Bike/Boat/Book/etc) Store

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,516
Businesses Nearby

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

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

What type of property is this?
Triplex - RM1-zoned triplex with three separately metered apartments, including one vacant unit ready to lease.
Where is this triplex located?
The property is located at 422 E ALLEGHENY Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $214,999.
What are key features of this property?
This property features: RM1 zoning for a three‑unit triplex; Three separately metered units; Second‑floor 2‑bedroom, 1‑bath unit is vacant and ready to lease
More about this property
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