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Justin Heath

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$ 405,000

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417-419 LINCOLN AVE Prospect Park, PA 19076

2,715 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

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

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Listed by Andrew G Black • Redfin Corporation