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Kensington Duplex Investment Opportunity

626 East Allegheny Avenue, Philadelphia, PA 19134

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For Sale

$168,888

Two-unit building in Kensington near transportation and amenities.

Type:Multi-Family / Fee Simple

Property size:

1,173 SF

Price / SF:

$143/SF

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.
Prime location in the heart of Kensington, close to Fishtown, Norris Square, and Olde Kensington, with easy access to public transportation.
Proximity to major development projects and commercial revitalization efforts.
Two‑unit building with existing rental income and month‑to‑month leases.

We can help!

Listing Contact

Minh Nguyen-Rivera

Learn more

For Sale

$168,888

Two-unit building in Kensington near transportation and amenities.

Type:Multi-Family / Fee Simple

Property size:

1,173 SF

Price / SF:

$143/SF

Added:: Feb 9, 2025
Days on Market:: 490
Last Refresh:: Mar 13 at 2:09 pm

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

We can help!

Listing Contact

Minh Nguyen-Rivera

Listing agent Minh Nguyen-Rivera License #RS333589

Listing office KW Empower

Listing date Feb 9, 2025

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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

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.
Prime location in the heart of Kensington, close to Fishtown, Norris Square, and Olde Kensington, with easy access to public transportation.
Proximity to major development projects and commercial revitalization efforts.
Two‑unit building with existing rental income and month‑to‑month leases.

Overview

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.

Location Intelligence

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Duplexes

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Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1186014
Latitude: 39.9969248

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For sale
Duplexes
PA
Philadelphia
19134
626 East Allegheny Avenue

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.