417-419 LINCOLN AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Prospect Park,PA 19076
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,715 sqft
Price per Sqft $149
Subdivision Prospect Park
MLS Listing ID PADE2085724
Style Traditional
Abv Grd Liv Area 1,772
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $6,961
Tax Year 2024
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 50.00 x 100.00
Property Sub-Type Detached
Property Description
This fully rented triplex at 417-419 Lincoln Ave in Prospect Park presents a prime value-add opportunity for investors seeking to maximize returns in a highly desirable location. Featuring three rental units—two spacious 2-bedroom, 1-bath apartments and a cozy 1-bedroom, 1-bath basement unit—for a total of $3,395 rental income. This property offers steady rental income potential and convenience with parking, efficient gas heating, and a prime location near schools and public transportation, it's an ideal choice for tenants and investors alike. Recent upgrades have been made to enhance the property's value, including a full rehab of the basement unit in October 2024 for $10,000, the replacement of three water heaters in 2023 for $6,500, and a fresh coat of paint in Unit 2 in July 2024 for $3,000. Additionally, the building is situated in a highly accessible neighborhood, with Park Square just a short distance away. Whether you're looking to expand your real estate portfolio or generate reliable passive income, this triplex is an excellent investment opportunity.
Location
State PA
County Delaware
Area Prospect Park Boro (10433)
Zoning RESIDENTIAL
Rooms
Basement Full,Partially Finished,Walkout Level
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools Prospect Park School
Middle Schools Prospect Park School
High Schools Interboro Senior
School District Interboro
Others
Tax ID 33-00-00986-00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=oe7YpxrhLN9&brand=0