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412 E Allegheny Ave, Philadelphia, PA 19134

$290,000
: 2
BD
: 3
BA
: 1,984
SqFt

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List Price: $290,000
Status: ACTIVE
MLS#: PAPH2657250
Subtype: Residential
Style: Bi-Level
Year Built: 1920
Bedrooms: 2
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Living Area: 1,984
Lot Size: 960
Acres: 0.02
Subdivision: None Available
MLS Area Major: 19134 (19134)

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Property Description

2 ONE BEDROOM APARTMENTS ON TOP, AND A COMMERCIAL SPACE DOWNSTAIR Property is on the lock box. You can show the following units: Store front, units A AND B (recently renovated), Mix-use building in a upcoming area! 1 store front and 1 office. It is a prime value-add opportunity for investors seeking entry into Philadelphia’s growing multifamily and mixed-use market. Located along the rapidly evolving Allegheney Avenue corridor, this property offers strong potential for conversion into a mixed-use asset with ground-floor commercial and residential units above (buyer to verify zoning and permitted uses). The existing structure provides a blank canvas for redevelopment, The surrounding area continues to see steady growth, with nearby development activity and increasing rental demand driving long-term appreciation. This location benefits from strong visibility, public transit access, and proximity to Fishtown, making it attractive to both residential tenants and small business operators. Ideal for investors looking to execute a value-add strategy, create long-term cash flow, or establish a foothold in an emerging submarket. Units are offering modern laminate flooring, fresh paint, separate kitchen and plenty of storage.

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Additional Information

Interior Features: Other
Taxes: $1,573
Property Description: Bi-Level
Zoning: RM1
Heating: Hot Water
Air Conditioning: Central Air, Other
Levels: Two
Roof: Flat
Foundation: Block, Brick/Mortar, Slab, Stone, Wood, Other
School District: Philadelphia City