Duplex with Main-Floor
For Sale
$250,000
579 ALLENGROVE STREET, Philadelphia, PA 19120
Duplex with main-floor laundry and both driveway and on-street parking, built in 1974 and sold as-is.
Days on Market81
Property Features for 579 ALLENGROVE STREET
General Information
Standard status
Active
Property subtype
Duplex
Amenities
main floor laundry
Building Details
Building Size
1,716 SF
Year Built
1974
Tenancy
Multi
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
(856) 396-9071
Listed By:
Recel V. Jovellanos
(856) 396-9071
Source:
Mainlinekw
Added: May 13
Changed: Jul 30
Last Checked: Aug 1 at 10:42AM
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 Better Homes and Gardens Real Estate - Maturo PA
Investment Insights
Based on property information with market context.
This duplex at 579 Allengrove Street offers two units with in-unit main floor laundry. The property features a driveway and also provides for on-street parking. Built in 1974, it is being sold strictly as-is.
The address is in Philadelphia, PA 19120, providing an investment-minded residential setup with unit-by-unit living and practical day-to-day access for residents and visitors.
With main-floor laundry and dedicated driveway parking plus on-street parking, the layout supports convenient occupancy for both units within a straightforward duplex configuration.
The address is in Philadelphia, PA 19120, providing an investment-minded residential setup with unit-by-unit living and practical day-to-day access for residents and visitors.
With main-floor laundry and dedicated driveway parking plus on-street parking, the layout supports convenient occupancy for both units within a straightforward duplex configuration.
Key Highlights
- Duplex with main‑floor laundry
- Two units
- Driveway parking plus on‑street parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $16.68 |
| − Vacancy | −$2.1k | −$1.20 |
| EGI | $26.6k | $15.48 |
| − OpEx | −$8.0k | −$4.64 |
| NOI | $18.6k | $10.83 |
1,716 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.6K
$232.4K – $309.8K
NOI $18,589 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,534 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$409.9K
$358.7K – $478.2K
NOI $28,694 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - Duplex with main-floor laundry and both driveway and on-street parking, built in 1974 and sold as-is.
Where is this duplex located?
The property is located at 579 ALLENGROVE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex with main‑floor laundry; Two units; Driveway parking plus on‑street parking
